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INATBA will explore the possibilities of blockchain to combat the consequences of the CAVID-19 pandemic

INATBA will explore the possibilities of blockchain to combat the consequences of the CAVID-19 pandemic

INATBA, in partnership with the European Commission and University College London, has begun coordinating the work of blockchain solution providers to combat the effects of the coronavirus pandemic.

The initiative of the International Association of trusted blockchain applications (INATBA), founded last year, unites various public and private organizations in the “COVID Task force”. The goal of the group is to find and launch blockchain solutions that would help cope with the consequences of the pandemic.

In particular, the task force will highlight solutions for corporate blockchains that could solve government, social and commercial problems. Since not all solutions are ready or applicable to specific situations, the task force will need to determine which blockchain products can be deployed quickly.

The results of the group’s work will be available in the “industry-wide information mechanism”, which will show the state of readiness of each potential solution. The database will also contain information explaining how to solve some of the problems that prevent the solution from running.

The initiative is supported by the European Commission, as well as The University College London blockchain Center. Gerard De Graaf, Director of the digital single market at the DG CONNECT Directorate-General of the European Commission, stated:

“The European Commission invites our colleagues to cooperate in this important initiative.”

This is not the first time that blockchain has been considered as a possible solution to the problems caused by the pandemic. According to the latest report from the world economic forum (WEF), blockchain will help solve problems in global supply chains. In addition, recently, the canadian company Emerge announced that it plans to use the blockchain to fight the COVID-19 pandemic in Latin America.

At the end of March, it also became known that IBM, Oracle and the world health organization (who) will create an open data center that will use the blockchain to verify the authenticity of information related to the coronavirus pandemic.