Birmingham City University has started a trail of a blockchain-powered certificate to ensure that supply chains are protected from infection by the COVID 19. Birmingham City University (BCU), along with the non-profit Centre for Citizenship, Enterprise, and Governance (CCEG), has officially begun trials for the Сoronavirus Сlearance Сertificate (CCC). It is built on the Seratio blockchain platform.
Coronavirus Clearance Certificate is based around a QR code.
The Coronavirus Clearance Certificate (CCC) is based around a QR code system that tracks both financial and non-financial elements of the supply chain. The movements of a product are logged on a blockchain, which enables buyers to monitor potential exposures to COVID-19 across the supply chain, including products, organizations, processes, projects, and even people involved. The UK’s Midlands region was selected to run CCC’s trial, as it is one of the areas most heavily hit by the COVID 19 outbreak.
The solution has been in development for ten years.
Olinga Taeed further noted that the immediate reaction from 300 of their 7000 C-Suite executives from multi-national organizations was to first focus on the coronavirus pandemic and hence the Coronavirus Clearance Certificate. The blockchain solution has been in development for the last decade by CCEG, a think tank on the movement of value with around 165,000 members.
The impact of the coronavirus pandemic on the global economy has been quite devastating so far, with a great recession looming around. Millions of Americans are filing for unemployment on a weekly bases. Over 2.7 million people have been infected with the COVID 19, and more than 180,000 people have lost their lives across the world. More than 2 billion people around the world are under some sort of lockdown, which has halted the global economy. Earlier, the World Trade Organisation reported that they are expecting a fall of up to 32% in the global trade.
