How A Blockchain Could Help With The Coronavirus Pandemic
Alexander Borodich | Apr 26, 2020 07:26AM ET
The coronavirus spoke the Killing Curse, Avada Kedavra, to a whole sector of the real-world economy, both across the globe and on the internet.
Thousands of airports have stopped transporting passengers. My colleagues joke that the environment without flying planes has improved so much that, when the COVID-19 pandemic is over, Greta Thunberg can finally go to school.
I have been involved in IT venture capital investment for more than 15 years and remember well the global economic crisis of 2008, when one of the largest investment banks in the world, Lehman Brothers, filed for bankruptcy.
Later, dozens of lawsuits agreed to create a technology for tracking people who come into contact with COVID-19 cases. Of course, the health of our loved ones is the most important thing in life, but upcoming dangers cannot be downplayed.
At the end of the coronavirus pandemic, the government can not be allowed to create schemes for the total identification of users or restrict their civil rights to free movement. The desire to do this will be great, but it contradicts Satoshi Nakamoto's Blockchain philosophy of financial independence and decentralization.
Sources: Financial Times, Entrepreneur.com, Dol.gov, Barclays Research, WSJ, Nytimes.com, Reuters.com Bloomberg.com
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