COVID-19 is putting the global economy into a tailspin. But experts hold a prophecy that Blockchain can be the one to create massive social impact in crisis situations like the ongoing pandemic.
Industries that deal with huge data chunks will rely on the potential of Blockchain-powered data analysis and tracking real-time updates. It will also ensure transparency, traceability and fool-proof security of real-time data using decentralised databases.
Agility, scalability, transparency and automation will be the watchwords for the new world. Blockchain, backed by aforementioned capabilities and companies backed by Blockchain are sure to thrive in the post-crisis world.