In this exciting podcast we get to hear about how blockchain is used to track the coronavirus. We had the pleasure of having Jim Nasr, CEO of Acoer, developers of the blockchain coronavirus tracker, talk to us about the challenges the healthcare industry faces and opportunities for innovating it.
What is blockchain?
Jim looks at blockchain in terms of three pillars:
* Technology
* Token economics
* Distributed computing
The first pillar is with technology of distributed ledgers themselves.
The second pillar is with regards to the value creation attribution specifically to public blockchains. This is where blockchain provides a reward in a public setting in a transparent manner for the creation of value. In the Bitcoin network for example miners are rewarded with 12.5 Bitcoins for completing a mathematical challenge for which they would have used electricity and processing power.
The third pillar is regarding distributed architecture and distributed computer. For Jim this is fundamentally a question of culture of distributing power instead of a few central figures or central servers and removing intermediaries.
The Coronavirus Tracker
Acoer coronavirus (COVID-19) blockchain tracker
On the 3rd of February Acoer announced the launched of its coronavirus tracker. Acoer is a software development company narrowly focused on modern, open and interoperable healthcare software.
Acoer has created a data visualization tool to track the deadly coronavirus. The tool, known as the HashLog data visualization engine, interacts in real-time with Hedera Hashgraph’s distributed ledger technology. This allows researchers, scientists and journalists to understand the spread of the coronavirus and its trends over time through visuals presented on Acoer’s HashLog dashboard.
John Hopkins coronavirus (COVID-19) tracker
In creating this tool Jim had looked at existing trackers, particularly the Johns Hopkins one and felt they could add a more global perspective on it, use the existing visualisation engine called HashLog to make it their tracker more usable, dynamic and filterable.
Jim has been a huge believer that when it comes to public health data surveillance, blockchain can be a source of truth and a source of accountability. If you tuned the token economics and the game theory correctly, you can incentivize good data collection and you can disincentivize bad players from gaming the system.
Acoer are constantly growing their data sources. Today they have clinical data from the CDC and other sources that show relevant clinical trials that are happening for treating coronavirus. Google Trends and social media provide in context data.
Why blockchain?
It was pointed out to Jim that as the Acoer coronavirus tracker the Johns Hopkins one is using the same data as theirs from the CDC and the WHO but it does it with APIs, Application Programming Interface, and not with a blockchain.
Jim points out that their tracker also uses APIs. APIs are the modern way for different systems that are unaware of each other to communicate wi...