21 april, 2020. – The Blockchain is a disruptive technology that has the ability to increase the efficiency of any industry’s workflow, as it is a transaction tool that can be programmed to record any form of information exchange that has value. The implementation of this technology can be fundamental for the daily management of crises like the one we are currently going through due to the coronavirus outbreak. For this reason, from Vector ITC they have analyzed the main scenarios where this tool can generate radical transformations and the main benefits of its implementation.
As every state-of-the-art technology, the Blockchain has around it a series of elements and processes that help to better understand its operation and purpose. Applying it to the current context and the problems resulting from the pandemic, it could be the solution for; monitoring drug supply chains, managing medical data, advising citizens and identifying the symptoms of infection.
Since the emergence of the Blockchain, all industries worldwide have been able to see the immense amount of and benefits it offers. Next, Vector ITC, points out the following keys of this technology:
“There is no doubt that Blockchain has the potential to transform the economy and transactions by eliminating duplication of effort and unnecessary processes, ensuring greater data integrity, simplifying ecosystems, empowering users, and generally delivering a more efficient and secure system. A way of doing business that has never been seen before, while providing a lower operational cost. That is why it is positioned as the leading technology to face the pandemic”, says Rafael Conde del Pozo, Digital & Innovation Director of Vector ITC.
In short, Blockchain has the potential to revolutionize all types of industries, improving the efficiency of the workflow, thanks to principles such as decentralization, transparency, durability, cost reduction, high availability or speed of transactions. And although its adoption is not without its challenges, it represents a key competitive advantage for companies that manage to do so.
For more information, see and download our whitepaper on Blockchain here (Content in Spanish).Karen Liedl