How Blockchain Can Help China Fight COVID-19

Never has there been a better chance for China to fulfil its blockchain dreams than by tying the technology to its healthcare system.

The situation in China continues to escalate as the country fights on. While the spread of the virus is apparently showing signs of slowing down, the situation is far from over and its effects will linger for a years to come. Prior to this crisis, the Central People’s Government was championing blockchain technology. Blockchain has been positioned as an important step for the development of the country. One measure to fight the virus is for China to continue tying their healthcare system with blockchain technology.

Blockchain In China

In late October, Chinese President Xi Jinping gave his first public statement on blockchain technology declaring that China must “seize the opportunity” to “accelerate the development of blockchain technology”. As the first leader in the world to make any remarks on the technology, China immediately acted with a wave of pro-blockchain media pieces, investors buying stock in blockchain enterprises, cities pushing for subsidy funds, and the price of bitcoin rising by 12 percent. And while cryptocurrencies are still officially banned, plans by the People’s Bank of China towards the development of the world’s first native cryptocurrency, DCEP…