Wider integration of blockchain

By: Nina Hoppmann
Created: 21 May 2020 - 02:05
Updated: 21 May 2020 - 02:05

Mariam Obaid AlMuhairi, Centre for the Fourth Industrial Revolution UAE at the Dubai Future Foundation, published an article on the World Economic Forum webpage about the advantages of blochain in times of crisis. 

"What has become abundantly clear over the last three months is a general lack of connectivity and data exchange built into our global supply chains. [...] 

Blockchain is supporting efforts around the globe to battle the virus. The technology is helping us ship medicines from pharmaceuticals to areas of the world stricken by the COVID-19 outbreak. It is improving the efficiency of movement permits to residents in a near-future of controlled social movement.

Closer to home, it’s keeping economies moving. It’s facilitating cash-flow management for start-ups and ensuring timely payments for their products and pilots. It’s even helping consumers track their home office chair to improve their quality of life under lockdown conditions.

The “visibility, traceability, and interoperability” of blockchain platforms to fortify, better connect and improve the resilience of supply chains will also be critical to getting the recovery underway in the world beyond the COVID-19 crisis."

Read the full article: https://www.weforum.org/agenda/2020/05/why-covid-19-makes-a-compelling-case-for-wider-integration-of-blockchain/