Bitcoin$39 065.55


Ethereum$2 450.57




Binance Coin
Binance Coin$352.28






Blockchain in the time of COVID-19

24 Apr 2020   #Bitcoin

SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic.

The Global Times - an English-language newspaper within the CPC-owned People’s Daily Group — reported that the Shenzhen-based firm is finding the technology to be beneficial for tracking the provenance and checking the quality of medical goods.

While the extent and status of SF Express’ implementation of blockchain is not detailed, it has reportedly “already begun to establish the use of blockchain,” specifically for the transportation of medicines and foods, both of which necessitate high standards and reliability.

The report situates blockchain as one of the key emerging technologies — alongside big data and artificial intelligence — that are helping frontline medical workers and aid suppliers to provide relief efforts during the pandemic.

SF Express is said to be combining blockchain with big data to construct a logistics network that supports the tracking, verification and accurate recording of goods. The system will reportedly be able to identify supply priority levels as well as mitigate the risks of counterfeit or unlicensed products being distributed to regions.

Big-name Chinese technology firms such as Alibaba Group and Huawei are reportedly focusing their energies on providing artificial intelligence solutions that can enhance diagnostic solutions for the public health crisis. 

As reported, academic researchers have previously argued that the widespread use of blockchain and AI technology by the likes of Alibaba, SF Express and Apple should be replicated by charitable organizations and government-led public health initiatives.

Castigating Beijing’s choice to funnel all public donations through five government-backed charity organizations, academic Syren Johnstone said that less centralized blockchain systems would provide more public visibility, accountability and reliability than current approaches to the crisis.

At a regional level, however, as many as 20 new blockchain-based applications designed to help fight the outbreak had reportedly been launched in China by mid-February, several in collaboration with provincial authorities.

This weekend, the World Health Organization partnered with major blockchain and tech companies to launch a distributed ledger technology-based platform for sharing data connected with the pandemic.


Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.