As the contour of 2020 and the first quarter (Q1) of 2021 has been progressively defined by the Covid-19 pandemic, digitalization has been like a vessel laden with technology that has an enormous capacity for stirring up mankind's prevent against contagious disease.
The health institutions in South Korea are using every available tool to fight Coronavirus disease. The most recent technological alternative is using a blockchain app system to track Covid-19 contacts in different parts of the country.
The interest in cryptocurrency seems to grow as new people join the community. Compared to other communities, the cryptocurrency ecosystem is a relatively nascent community because the first cryptoasset was launched in January 2009, meaning that it is just over one decade into existence.
Protecting gadgets, networks and information from clever hackers has been a critical issue since the very appearance of digital technologies. Now, when the pandemic of COVID-19 forced entire countries to isolate themselves, the industry became even more vulnerable, thus showing the need for new solutions.
The spread of COVID-19 around the globe, as well as its influence over all industries including cryptocurrency, has caused its major players to join forces and combat the disease under the #CryptoAgainstCOVID hashtag.
As COVID-19 is raging over the entire planet and people are forced to isolate themselves in order not to catch the disease or contaminate others, the issue of communication and socialization becomes more and more urgent.
A series of tech companies including Microsoft, IBM, and Oracle are collaborating with the EU and US Centers for Disease Control and Prevention, World Health Organization (WHO) and others to develop a robust blockchain solution for COVID-19.
With Coronavirus spreading around the world, innovative technologies including cryptocurrency and distributed ledger tools are being used to fight this enemy. In addition to management through the use of distributed ledger technology (DLT), blockchain companies are also trying to calm down the disease through service launches and donations.