Cryptocurrencies

Blockchain can monitor the COVID-19 vaccine supply chain

Blockchain, the system of decentralizing a database and distributing it across an entire network of computers, induced Bitcoin as well as other cryptocurrencies. It’s been used to make supply chains more transparent and create secure records that cannot be changed unilaterally.

Now the technology has found use in the coronavirus immunization program of the United Kingdom’s state-owned National Health Service.

As we know, the vaccine storage should be at frigid temperatures in order to be effective. In the case of the Pfizer vaccine, the necessary range is -60 to -80 Celsius.

According to the British technology company Everyware’s technical director, Tom Screen, accurately storing the drugs is absolutely crucial.

Notably, the British technology company uses sensors and cloud computing to control the temperature of NHS refrigeration units remotely.

Tom Screen announced that if a fridge goes out of the temperature range, the hospital gets an automated alert. He added that without such notification, the hospital might have to discard precious vaccine supplies.

Related Post

Blockchain cannot lie – says Jillian Godsil

It is a popular opinion that data security is a vital part of Everyware’s modus operandi, especially when it comes to NHS facilities. The health service had a serious cyberattack in 2017 and was subsequently under scrutiny in a parliamentary report for failing to prepare for hackers.

In order to help with cybersecurity, Everyware has turned to Hedera. The company is a U.S.-based platform that offers a distributed ledger technology like blockchain, which brought us Bitcoin. Hedera CEO Mance Harmon announced it’s perfect for a coronavirus immunization program.

According to Hedera’s chief executive, the decentralized computer networks thousands of members can play an essential role in other aspects of pandemic management to combat vaccine counterfeiting, for instance, and create unforgeable vaccination certificates.

An author who’s written extensively about blockchain, Jillian Godsil, thinks that trust is the key. She stated that as the pandemic has spread insecurity, distributed ledgers have come into their own.

She also added that people, institutions, and governments could lie, but blockchain cannot.

Recent Posts

US Economy Growth Slows to 1.6% in First Quarter

Key Points: US economy growth slowed to 1.6% in Q1, below the expected 2.4%. Consumer spending growth tapered, but business…

2 days ago

Microsoft Revenue Hits $61.9B, Up 17% Year-Over-Year

Key Points: Microsoft's რevenue surged to $61.9 billion, a 17% increase driven by robust sales in all business segments. Notable…

2 days ago

Ethereum Stabilizes Below $3,180 Amid Market Caution

Key Points Ethereum is Trading below $3,180, under the 100-hourly SMA, indicating a cautious market trend despite the formation of…

2 days ago

Oil Prices Up: Brent Gains 2%, WTI Increases 0.5%

Key Points Oil Prices rose, Brent crude oil reached $89.32 per barrel, up 2%, and WTI at $83.86, up 0.5%.…

2 days ago

GBP/USD Drops to 1.2502 Amid Economic Turmoil

Key Points GBP/USD is currently at 1.2502, impacted by UK-US economic turbulence and monetary policies. US Q1 GDP growth at…

2 days ago

USD/INR Emerges as Steadiest Major Currency

Key Points: Despite global volatility, USD/INR is the least volatile major currency in FY 2023-24, supported by interbank USD sales…

2 days ago

This website uses cookies.