A world’s first initiative revealed the utilization of blockchain technology for monitoring temperature-sensitive COVID-19 vaccines. Blockchain technology is reshaping the landscape of technological advancements since 2017. Blockchain is blissfully adopted by many other industries other than the realm of finance. Walmart and IBM have utilized blockchain technology to track food chain supply and identify potential contamination.
Do you know that the expansion of blockchain is estimated to grow by 15.9 billion by 2023? Thankfully this revolutionary technology is also playing a crucial role during the pandemic of COVID-19. UK health sectors took this first initiative recently and are acquiring blockchain technology to monitor the temperature of COVID-19 inoculations.
Why There Is so much exposure to Blockchain Technology?
Different organizations have made many attempts to implement blockchain technology. Also, numerous attempts were made to create digital currency in the past. But unfortunately, most of them failed. The main issue is trust.
Bitcoin was developed to solve trust and transparency, and the type of database used during the development of this digital currency was blockchain. Blockchain is acquired because no one is supervising the network. It’s run by the people who utilize it. Blockchain technology cannot be hacked, faked, or double-spent.
Following are some properties of distributed ledger technology. Because of these properties, the technology has a trustworthy relationship with its customers.
- All the records are individually encrypted.
- A blockchain is programmable.
- The identity of the participant is anonymous or pseudonymous
- All network participants agree to the validity of each of the record
- A transaction timestamp is recorded on a block
- All network participants have a copy of their ledger for complete transparency
- Any validated records are irreversible and cannot be changed.
- Fintech blockchain duo has the proximity towards startups introducing innovations in the field.
Significance of Blockchain Platforms in UK’s NHS
It is one of the first unexpected initiatives on this planet that UK hospitals are acquiring innovative technologies to supply and store temperature-sensitive COVID-19 vaccines and booster injections.
Noticeable expansion of distributed ledger, an offshoot of blockchain, is seen in two hospitals in Central England’s Warwick and Stratford-upon-Avon. These technologies are utilized for the monitoring of the temperature of COVID-19 inoculations.
According to firms and higher regulatory authorities,
“Utilization of Hedera Hashgraph’s blockchain is an effective way for health care centers to track the temperature of COVID-19 vaccines.”
Hedera Hashgraph’s blockchain platforms are used in the United Kingdom’s National health service (NHS) to monitor COVID -19 vaccines while they are stored under lower temperatures.
According to the press release on Tuesday, the software will be provided by Asset-monitoring company Everyware to monitor the vaccine’s temperature 24/7. The ledger technology of Hedera’s will offer an efficient record of data and tamper-proof to NHS.
The vaccine needs to be kept at a lower temperature to prevent vaccine spoliation. With the progression of vaccine supply, NHS facilities UK’s Warwick hospital regions, Stratford Upon Avon, South Warwickshire will be using this blockchain technology to track COVID-19 vaccines.
Steve Clarke, electro biomedical engineering manager at South Warwickshire NHS, stated in an announcement that,
“We came across the utilization of technologies and the significance of keeping track of COVID-19 vaccines’ temperature as the vaccine demand and production increases.”
Moreover, UK’s prime minister Boris Johnson blissfully tweeted on 18th January that:
“We are making good progress with our vaccination plan. Almost 4 million people have received their first dose till now. Thanks to everyone for their national efforts to protect from viruses. Hopefully, we all will beat this together. ”
According to Everyware, who monitors and tracks vaccines and other treatments for Britain’s National Health Service, and Texas-based ledger Hedera, which is owned by firms including alphabet’s Google and IBM, the technology will strengthen data sharing and record-keeping across supply chains.
For example, BioNTech’s shot and Pfizer Inc are supposed to be kept either in dry ice or at ultra-cold temperature. They can last in standard fridge temperature up to 5 days at max.
Everyware’s Tom Screen said in an interview:
“We ensure the verification of data that we have collected from every device. We also ensure that the data we collect is accurate, and we can verify afterwords that the data is not modifiable. ”
He also stated that
“The benefits of the immutable ledger for the verification and validation of data which is close to the source and has a positive impact on the accuracy of downstream analytics, where detected of any error in data would be a child’s play.”
Tom Screen claims to provide its beneficial services to the South Warwickshire NHS foundation trust. He also told CNBC that health sectors would utilize blockchain sensors for the monitoring of COVID-19 vaccines. This operation aims to keep a tamper-proof digital record of the vaccine, just like the one which was developed by BioNTech and Pfizer. Hospitals would be able to detect any irregularities before applying them to patients successfully.
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