COVID-19 the virus more widely known as coronavirus, is the talk of the town these last few days.
Being declared a worldwide pandemic from the WHO, it unleashed huge waves of shock in the sectors of global health, science, government, and business among others.
The coronavirus is of course not the first major global outbreak that ended up taking hundreds of lives and causing massive losses to the global economy. Yet, in today’s interconnected world, is even more difficult to quantify the emotional as well as the financial implications.
Some examples however can be already seen, amidst the crisis:
Air France–KLM announced that it had already sustained losses of $200 million due to the virus and that the airline industry had lost a total of approximately $1 billion
Kia Motors shut down all of its South Korean production plants.
Apple also weighed in by closing its shops and production plants in Chine
New York alone revealed that around $1 million a day is being spend battling the disease.
Global commodity markets have shuddered, with oil prices dropping to a record low of $54 per barrel amid concerns of demand decreasing in Asian markets.
And let’s not forget, this is a domino effect. Thus, more and more industries will follow.
The global financial community along with the global population stand still and just observe in shock.
In shock indeed, because no matter how well prepared a government, a country or a global organization is, the implications of such a global pandemic are simply of such a high magnitude that previous preparation is simply not enough.
However, if we take a look at the previous outbreaks and we compare it with this one, we see a significant change today. And this is included in the words BLOCKCHAIN TECHNOLOGY.
And yes, indeed there are some areas that can be strengthened by introducing interoperable blockchain solutions.
For example, the area of monitoring product supply chains in order to work smother and keep cities aligned with their needs in food and medicine in times of crisis in the optimal way.
Or in the area of medical supplies for pharmacies, local hospitals as well as bigger health units that pop up in cases of huge pandemics.
Blockchain also gives a solution on managing with transparency and encryption valuable medical data and propel the progress of a vaccine or a treatment medicine.
We can even use blockchain technology to warn people faster or detect infection symptoms in an optimal way.
Blockchain cannot cure coronavirus but can sure cure several associated economic and logistics problems.
But in terms of the economic side, no matter how many projects are there out there, we are passionate about Thesaurum.
A game reward platform that digitizes, tokenizes, and offers a range of assets, like gold mines in Ghana. Thesaurum provides a platform where users play in different games and use Blockchain technology to win high-priced products from around the world in a fair and safe way. Since we #stayhome these days, why not find out more about our project, spend your time in a quality way and maybe start a new income stream!
After all, desperate times call for “amazing” measures!