UK researchers to test a blockchain certification to manage COVID-19 health risks

  • UK’s “Fourth Industrial Revolution Technologies Centre” will soon be testing a blockchain-based Coronavirus Clearance Certificate.
  • The certificate (issued to businesses or products) confirms that they have followed appropriate steps to mitigate risks from COVID-19.

Researchers are now testing a new blockchain-based certificate that’s designed to manage and mitigate coronavirus risks across supply chains. In a recent statement, Professor Nassim Belbaly, director of Birmingham City Business School, noted that “coronavirus represents a crisis of trust because we cannot any longer automatically trust goods or suppliers.”

Secure and automated solutions are, therefore, being used to reassure users and suppliers that goods across the value chain do not pose any health risks. To tackle these issues caused by the pandemic, a newly-launched “Fourth Industrial Revolution Technologies Centre” is testing a blockchain-based Coronavirus Clearance Certificate (CCC), issued by The Transnational Transparent Procurement Foundation (TTPF) in the UK. 

Reportedly, the CCE certificate can be issued to products, organizations and even people to confirm that they have adhered to the necessary steps to mitigate risks from coronavirus. Olinga Taeed, a visiting professor of blockchain at Birmingham City University, said:

[The certificate] confirms that a supplier adheres to highest standards of public health, sustainability, anti-bribery and even modern slavery. And in this case, we can verify the level of supply risk due to the coronavirus. It represents the future of supply chain management.

The certificate will initially be tested in the UK Midlands - a region that has been severely affected by the pandemic.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Cash Price Analysis: BCH sits on top of strong support barrier

Bitcoin Cash rose from $240 and rose to $276 between October 21 and October 24. After that, the price dropped to ~$260, found support at the 100-day SMA and has gone up to $266.50, as of writing.

More BitcoinCash News

Tezos Price Prediction: XTZ facing potential bearish breakout towards $1.77

XTZ is currently trading at $2.08 right at the bottom of an ascending parallel channel formed on the daily chart. The digital asset is down 53% since its 2020-high at $4.47, established on August 12.

More Tezos News

Chainlink Price Prediction: The last time this indicator turned bullish LINK skyrocketed 300%

LINK established a bottom at $7.31 on September 23 and has rebounded strongly, reaching a peak of $12.97 just three days ago on October 24. The digital asset continues trading inside an ...

More Chainlink News

MakerDAO Price Prediction: MKR aims at a potential price target of $700

MKR has been trading inside an ascending triangle for around 20 days, currently at $589, with a precise resistance level located at $604. The price got rejected several times from this upper boundary, but the support trendline below was held. 

More MakerDAO News


Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

Read the weekly forecast