May 21, 2024

INATBA will explore the possibilities of blockchain to deal with the consequences of the COVID-19 pandemic

INATBA, in partnership with the European Commission and University College London, began coordinatingthe work of solution providers on the blockchain to deal with the consequences of the coronavirus pandemic.

Initiative of the International Association of TrusteesApplications on Blockchain (INATBA), founded last year, brings together various public and private organizations under the “COVID Task Force.” The group’s goal is to find and launch blockchain solutions that would help cope with the consequences of the pandemic.

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

Group results will be available at“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 starting.

The initiative is supported by the European Commission,as well as the Blockchain Center of University College London. Gerard De Graaf, Director of Directorate of the Single Digital Market in the Directorate General of DG CONNECT of the European Commission, said:

“The European Commission invites our colleagues to collaborate on this important initiative.”

This is not the first time that blockchain has been viewed aspossible solution to the problems caused by the pandemic. According to the latest World Economic Forum (WEF) report, blockchain will help solve problems in global supply chains. Additionally, Canadian company Emerge recently announced that it plans to use blockchain to combat 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 blockchain to verify the accuracy of information related to the coronavirus pandemic.