The Dutch government, in a unique initiative, may utilize blockchain technology to combat the coronavirus pandemic. The technology will be offered by “Tech Against Corona,” a blockchain initiative by a consortium of Dutch companies.

Battling against the pandemic

Tymlez, a Netherlands-based DLT (distributed ledger technology) firm, is one of the members of the consortium who are providing the government access to their technologies and service to battle against the coronavirus. The pandemic has infected thousands of people across the world and generated a lockdown in several parts of the world.

Whole industries and economies are now suffering severe troubles because of the pandemic as economic activities come to a standstill. After China, Europe has risen as one of the worst afflicted regions with COVID-19. The number of cases in the US is also increasing.

How does Tymlez’s solution help?

The blockchain platform produced by Tymlez could be utilized to “model the medical goods ecosystem through a platform that matches supply and demand.” The blockchain can be applied to assure that there is transparency in the supply chain. It would be beneficial in limiting predatory value extractions such as price gauging, which could be important for the authorities during the pandemic.

Other companies extending their assistance to the government involve Cybersprint, a cybersecurity firm that is offering security services to hospitals in the country. Taxion, an information security firm, is administering online systems that aid organizes volunteer workers. Compumatica, an IT firm, is improving the internet connections of people operating in critical service industries who have been instructed to work from home. KPN, the Dutch telecom company, is also associating with Microsoft to implement computing systems to the world as a part of the initiative. However, the Dutch are not confined to blockchains alone. They are utilizing Bitcoin to achieve an advantage as well. The Dutch Red Cross has now commenced accepting payments through Bitcoin by its website. The Italian Red Cross has also begun accepting cryptocurrencies. It lately raised over $20,000 in Bitcoin to purchase medical supplies, which involved an advanced medical post for the coronavirus patients that renders the pre-triage treatment.