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.
One of the main events occupying the global news is the outbreak of the deadly Coronavirus (CoV) in China. And this disease has so far killed over 400 citizens from the time it was detected, and its effects are very strong for both the public health and the economic sector.