Blockchain is used to record information in a way that makes it difficult or impossible to change, cheat or hack. It could be used to create a Trusted COVID-19 Essential Supplies Repository of safe and certified products. OriginTrail – a data authentication platform for global supply chains – proposed the idea on UpLink, the World Economic Forum’s crowdsourcing platform for innovations. Weaknesses in how medical equipment is procured have been exposed and exacerbated by COVID-19. When the pandemic took hold, demand for supplies such as personal protective equipment soared – along with the number of suppliers. How can buyers of these products know they are sourcing safe and certified equipment from trusted companies? According to OriginTrail – a data sharing platform for global supply chains – blockchain is the answer. The technology allows information to be recorded in a way that makes it difficult or impossible to change, cheat or hack – and is increasingly being used to validate the authenticity of data. OriginTrail is a data sharing platform that uses blockchain to validate data and allow users to access it securely. Image: OriginTrail Buying with confidence Working with ...read more...
SourceWorld Economic Forum