Blockchain is finding its way into almost everything these days. From banking to medical insurance, to even growing flowers, the technology is positioned by most as a one-size-fits-all. Now, the ongoing COVID-19 pandemic is causing countries around the world to search for novel ways to curb the spread. Some countries recommend malaria drugs, while some turn to the blockchain.
Everyone Turns to Blockchain
Entrepreneurs from Dubai-based startup incubator In5 are leveraging blockchain technology, along with 3D printing and robotics, to ensure the wellbeing of the UAE population.
Blockchain has found its way into the distribution and tracking of medical and essential resources. In5-backed Liber Health, a patient identification platform using the technology, has created a “contactless” system to recognize patient data.
Liber touts its method is “safer” than others on the market, such as those using devices like fingerprint scanners which are likely to spread germs via contact.
CEO Syed Abrar Ahmed spoke to local publication Emirates 247 on the topic:
“The platform could save thousands of patent lives lost due to medical errors caused by the lack of auditable health data.”
He added Liber is “compatible and scalable” with every existing electronic medical record (EMR) system and healthcare application “in the world.” The startup is also in talks with private and public entities that want to incorporate Liber’s platform for their use.
Meanwhile, other startups like 3Dinova are using 3D printing to create facemasks and door handles that people can operate with their elbows, in an uncanny solution to minimize hand contact with potentially contaminated surfaces.
UAE has been a mixed bag for crypto and blockchain startups. Its government has leveraged blockchain for various projects previously, such as replacing official paperwork with digital platforms and for the storage of tamper-proof medical data.
Crypto-focussed projects in the country include partnering with RippleNet for cross-border transfers and the use of Ethereum and Hyperledger for creating a digital business registry platform.
Despite the above, no legislation for blockchain technology or cryptocurrencies exists yet, and while the government has claimed developing such regulations, there’s nothing definitive on the market as of 2020.