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text 2020-03-03 11:21
Hyperchain is building a platform which would ensure that the entire Coronavirus donation process is traceable, immutable, and reliable

Epidemics are known to wreck not only the social structure but also the economic landscape. In the recent outbreak of coronavirus, it has claimed the lives of over 400 people in mainland China. Its impact has been seen all across the world, with economies taking a major hit. However, China, as well as other parts of the world, have mobilized to donate, but doctors are unable to obtain the necessary medical supplies. 

 

 

 

 

 

 

In this regard, Red Cross China has certainly failed in delivering the supplies which are urgent to the main and frontline hospitals. Also, the current virus epidemic is on the verge of turning into a pandemic, and it’s a major concern over the affected nations but also the remaining parts of the world.

 

The lack of medical supplies has resulted in Red Cross China coming under fire. In the apology issues, Wuhan Red Cross duly mentioned that it has readily called for an emergency meeting overnight for discussion on internal problems and has made a pledge to hold the people who are actually in charge of the distribution of relief, accountable.

 

Owing to the fund storage, a number of hospitals in the Wuhan that are looking after the patients infected by coronavirus to seek donation and charities on the social media platforms. Also, a lot of them have said that they are in urgent requirement of basic protections against the pathogen. However, on the other side, a lot of people from different corners of the world have come together to donate money to the patients and to even aid treatment development, are quite outraged at the unfair distribution of the donated funds.

 

In order to solve the present challenge of unfair distribution of donation in a real-time, blockchain startup, Hyperchain, together with the Fuxing Group as well as other well-known organizations, is taking the assistance of blockchain. With the usage of blockchain, Hyperchain is creating a robust platform which would essentially make sure that Coronovirus donation process is completely traceable, entirely immutable as well as reliable. Also, announced in the press release, this platform will actually act as a complete medical supply donations portal in order to support medical care facilities operating in Central China. 

 

Basically, for donors, it is quite important to trust the entire platform where they will be donating. It requires cross platform app development of a platform that can offer the required solution. Hence, for this particular reason, the notion is to create a completely transparent portal in order to exchange information with safety. It will allow the donors to see more easily where their funds are actually going. Along with this, the platform will offer proof of need as well as proof of receipt in order to ensure that all the donations are actually conducted instantly to the party intended or the people as well as institutions that actually need it. 

 

What is Hyperchain? 

 

Hyperchain is essentially a tech company offering blockchain solutions. Also, it has the experience and expertise in hyperchain application development, development of different underlying blockchain platforms, data sharing and security platform, SaaS platform for supply chain finance and digital evidence services.

 

Due to the lack of censorship as well as transparency, which are often the most debated challenges emerging during every epidemic outbreak, it is essential to inculcate blockchain app development services. As there is a need for a transparent and credible mechanism, blockchain is the definite answer, and a blockchain app development company can provide the same. 

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