World Economic Forum Release A Blockchain Deployment Kit For Covid-19

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • COVID-19 pandemic has seized the consumer demand in existing supply chains.
  • This will allow the leaders to enhance the benefits and reduce the risk of technology.
  • The current pandemic situation emphasizes the need for businesses and governments to enhance the integrity and provenance of essential things such as pharmaceutical products, medical supplies, food, goods, and also industrial and consumer products.

COVID-19 pandemic has seized the consumer demand in existing supply chains.

The Toolkit is a guide to create more robust supply chains

To revive future pandemic awareness and to speed up the economic recovery post-COVID-19, the Swiss NGO World Economic Forum (WEF) is publishing the Redesigning Trust: Blockchain Deployment Toolkit, a guide to create more robust supply chains on distributed ledgers.

This will allow the leaders to enhance the benefits and reduce the risk of technology. This Blockchain Deployment Toolkit will include checklists, explainers, guided questions, and risk assessment indicating tax concerns, data privacy, public vs. private chains; cybersecurity; interoperability.

The current pandemic situation emphasizes the need for businesses and governments to enhance the integrity and provenance of essential things such as pharmaceutical products, medical supplies, food, goods, and also, industrial and consumer products.

The very first Toolkit is the result of the significant efforts to capture top practices from blockchain deployment across industries such as start-ups, companies, governments, civil society, academic institutions, and many more.

Toolkit’s supporter system

The WEF built the Toolkit with the support of Deloitte, The Centre for the Fourth Industrial Revolution Network Fellows from Hitachi, and Saudi Aramco. Along with many other countries contributed to its development include The Centre for the Fourth Industrial Revolution UAE, Latham & Watkins, University of Berkeley, Maersk Angola, The World Food Program, World Bank, and many more.

However, the blockchain case is stronger as the pandemic highlights the need for more robust global supply chains, reliable data, and an economic recovery allowed via trade digitization.

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