Blockchain’s success in establishing belief by using an immutable database with permissioned entry makes it a perfect resolution for blood provide chain networks. The expertise instills accuracy and transparency, insulating the data with high-security protection mechanisms.
PALO ALTO, Calif. (PRWEB)
September 17, 2022
Blood donation and transfusion are important parts within the medical provide chain system of any nation. Statistics recommend an individual requires blood each 2 seconds, and one in seven entrants to the hospital wants a blood transfusion. HashCash Chief Raj Chowdhury highlights how blockchain’s potential in streamlining provide chain operations will be utilized to bettering the operational effectivity of blood banks in nations around the globe.
Donors make the biggest contribution to blood unit collections throughout most international locations. The collected blood reaches sufferers by advanced blood provide chain networks, typically spanning hundreds of miles. The items are additional categorized and segregated into medical parts akin to purple blood cells, plasma, or platelets. Traceability and provenance- figuring out the supply, situation, and site of merchandise in real-time is of significant significance for provide chains. It is much more essential for blood provide networks, as human lives are at stake.
The HashCash CEO, additionally a blockchain pioneer, states, “blockchain’s success in establishing belief by using an immutable database with permissioned entry makes it a perfect resolution for blood provide chain networks. The expertise instills accuracy and transparency, insulating the data with high-security protection mechanisms.”
The underlying structure behind cryptocurrencies has been efficiently built-in throughout a number of nations. The Canadian Blood Services has been working to implement blockchain expertise into its present structure. The Indian authorities has arrange a blockchain division to construct a “Bloodchain”- guaranteeing secure and correct blood supply from donors to recipients. The National AIDS Control Organization(NACO) reported that 2234 HIV contractions had occurred resulting from faulty blood transfusions throughout the final 16 months, amounting to a complete of 14000 new infections within the final 7 years.
“Blockchain consensus safeguards the accuracy of data transactions, and the same updated ledger is shared throughout the entire network, offering real-time visibility to all the stakeholders in the blood cycle- blood banks, testing centers, donors, hospitals, and patients across a single platform,” remarked Chowdhury, who had beforehand highlighted blockchain’s groundbreaking position in sustainable vitality administration and schooling methods.
The Chowdhury-led Hashcash Consultants is a worldwide chief successful high awards in blockchain innovation. The US-based firm has been globally acclaimed for its white label options for crypto exchanges and crypto fee processors, deploying merchandise in additional than 26 nations together with Vietnam, US, and Singapore. HashCash declared plans to enter the Metaverse phase by subsequent yr.
The scarcity of blood provide is a world disaster, ensuing within the lack of human lives around the globe. Blockchain proves to be a promising resolution, accelerating intermediate processes and securing the community with secure correct knowledge and real-time visibility.
Raj Chowdhury is the Managing Director of HashCash Consultants and a Blockchain pioneer. Raj pioneered the primary interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the biggest international banks. Raj is a outstanding voice within the Blockchain and Cryptocurrency house and actively engages with policymakers on this space. He is a contributor to Economic Times, Business World, and CNNMoney and advises trade leaders within the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit dedicated to schooling for youngsters in rising international locations. Author of the guide ‘The Dark Secret of the Silicon Valley’, Raj is an investor in blockchain and cryptocurrency corporations and an lively member of the philanthropic group.
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