Healthcare

Scientists globally are now innovating new technologies and drugs that can help in the fight against Covid-19 virus. Now Blockchain and decentralized ledger technology (DLT) can be used to prevent the spread of Coronavirus.

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.

Recent research shows massive growth of Bitcoin wallets since the beginning of the lockdown in different parts of the world due to the Covid-19 pandemic.

With modern advancements in the fields of medicine and health advancing at an ever-increasing pace, the value of research and development has followed suit, with the specific area of clinical trials now thought to be valued at over $350 billion a year.

The University of California had to pay a $1 million ransom to regain access to the research performed at their Medical School. The incident has proven the healthcare industry is still vulnerable to hacker attacks.

Recent research by a group of scientists has stated that blockchain technology could be used to enhance collaborative exploration and development in response to global pandemics such as COVID-19 through well-timed research collaborations, decentralization, and anonymity of essential information among governments.

At least 129 million Russian motorists now have their information with an unknown hacker group that is attempting to sell it on the darknet for cryptocurrency.

With the outbreak of coronavirus, China, which had an emergency in job problems, is now pursuing job stabilization and has classified blockchain technical experts as official jobs.