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Bitcoin SV During the Pandemic
Nobody can deny that the global economic impact of the coronavirus pandemic is enormous as both small and big businesses file for bankruptcy and companies lay off employees, while others continue operations at a loss. Unemployment rate is at an all-time high, and many families are left in ruins. With these devastating effects of coronavirus, it is imperative that it be stopped successfully.
A vaccine is only a temporary solution as researchers say the virus can mutate into new strains and can evolve to be vaccine-resistant in the future. We must be prepared for any of these possibilities. And this is what Bitcoin SV has been doing during the pandemic—developing the technology that can help the healthcare industry combat the current and future crises.
The Bitcoin SV Blockchain
In February 2020, Bitcoin SV released the Genesis Upgrade that restored the original Bitcoin protocol and unleashed the blockchain’s capacity for unbounded scalability. This means that global industries can now build applications on the Bitcoin SV blockchain that can handle huge amounts of data.
Healthcare Data on the Blockchain
At present, healthcare data exist in private silos that belong to various institutions. Because these institutions have control of these data, it is not easily accessible to the public. EHR Data, Inc. and its partners chose the Bitcoin SV blockchain to store and manage billions worth of healthcare transactions to create a public platform that will do away with these silos. With this kind of public ledger, healthcare practitioners will have access to the same data at all times.
“So desperate systems of health care information on patients will now be brought from siloed information into one single record of truth… And that data can then be accessed to take care of that patient, right? Can’t really look at a patient and try to diagnose when you only have pieces of the information. Having it all together, that one record, is going to not only save lives, but increase patient safety,” PDX Inc. Chief Clinical Officer Cheryl Jorgenson states.
This healthcare platform on the Bitcoin SV blockchain also aims to give back ownership and control of patient data to the patients themselves. Patients can even monetize their personal data if institutions want to use it for various purposes, such as pharmacological research. If anything, this pandemic has taught us that extra income is always needed.
The Future of One Global Chain
While others were busy battling with the effects of the pandemic, Bitcoin SV continued to develop and upgrade its technology to maintain its relevance at present and in the future. The Bitcoin SV blockchain already has a number of use cases that enable various global industries to improve their systems that will result in increased revenues, better workflow, and enhanced products and services. With a stable protocol and data blocks that can be scaled infinitely, the Bitcoin SV blockchain is the future. Where before the Internet made it possible for everything to be online, Bitcoin SV will now make everything on-chain to be a reality.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.