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Booming Blockchain Tracks Contagious Coronavirus

The deadly coronavirus has affected almost of walks of lives in China. Amid such a lingering threat, it’s been quite essential to recognize the budding blockchain technology is a typical distributed ledger, that it incorporates everything into its open ledger. This should make the technology more efficient and attractive than other generic blockchain-based solutions, Because it operates as a master database that can gatherreal-time information for multiple updates.

The outbreak of a novel coronavirus (2019-nCoV), which originated in the central Chinese city of Wuhan, has now been declared a global emergency by the World Health Organization. The virus has already spread to the extent that it will have have a negative impact on China's economy. The Economist Intelligence Unit plans to revise its baseline forecast for China’s real GDP growth in 2020 to 5.4%, from 5.9% currently—and now poses a risk to the global economic outlook.

Hence, the emergence & essentiality of the blockchain technology is felt with an objective of eliminating this growing risk.

Coronavirus data is collected from a wide set of public data, including data from the Center for Disease Control (CDC) and the World Health Organization (WHO)

Reciprocity came in terms of a return Valentine’s Day present with China’s announcement to halve tariffs on $75b of US goods from 14 February, the same day that the US will halve the tariffs on $120b of Chinese imports. This gesture may help to illustrate China’s sincerity to meet its obligations under the Phase 1 trade deal. That said, China’s death toll from the coronavirus has risen to 636, whilst CNOOC has declared force majeure on some LNG contracts, suggesting that the coronavirus was beginning to impact business operations.

Majority of Asian markets were down (except India’s Nifty & Sensex) as the number of virus infected keeps rising.

It is even most likely to take its toll on bitcoin’s mining operations as well. As a preventive measure, a mining plant situated in a remote suburb has been reportedly shut down.

With the cognisance of efficient utilization of blockchain technology during health emergency conditions, the developer of Blockchain-driven applications, Acoer has come up with a much necessary tracker application which is the data visualization tool for ‘Contagious & Fatal Coronavirus’.

The tool has been designed & developed by name of ‘HashLog data visualization engine’, that networks with Hedera Hashgraph’s distributed ledger technology in real-time. This facilitates scientists, researchers, and journalists to understand the spread of the coronavirus and its trends over time through visuals presented on Acoer’s HashLog dashboard.

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