Simplifying Business Processes Using Blockchain Technology
                     Simplifyi Busine Process Usin Blockcha
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TBloeckchhainn teochlnoology stores transactional records, known as the public block, in several  
gdatyabases, known as the ‘chain,’ in a network connected through peer-to-peer nodes.  Typically, this storage is the ‘digital ledger.’ It is a decentralized way of documenting  
transactions in chronological order. Each network partner has access to the entire blockchain  
and its history. The accounts of all participants are updated with information with every new  
transaction recorded.
COVID-19 & Blockchain Technology
The ongoing situation can create some challenges in the market of blockchain. It can play an  
essential role in digital transformation activities and initiatives amid the crisis.
The technology finds its use for public health data surveillance, crisis management, medical  
supply management, etc.
The Coronavirus outbreak has led to the development of many applications using blockchain  
technology.
For instance, in March 2020, WHO launched a blockchain platform to fight COVID-19. World  
Health Organization (WHO) collaborated with major blockchain and technology firms to  
initiate a Distributed Ledger Technology (DLT)-based platform for sharing data regarding the  
Coronavirus outbreak.
In another instance, in March 2020, UAE adopted digital identity and blockchain to fight  
COVID-19. The United Arab Emirates Department of Community Development (MOCD) has  
started implementing digital channels for government services. The system meets the  
requirements by leveraging digital identity by individuals, blockchain systems, and chat  
systems.
Application and Use Cases
Blockchain technology has the power to transform government operations and services. It 
can  play an essential role in improving data transaction challenges in the government sector,  
which currently operates in silos. Correctly connecting and sharing data with the blockchain  
allows better management of data between multiple departments. This feature improves  
transparency and provides a better way of monitoring and verifying transactions.
New features of blockchain technology include decentralization, transparency, immutability,  
and automation. These elements are put into use in different industries, leading to a variety  
of use cases.
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