Forbes: Blockchain Can Help Healthcare Supply Chains Meet Five Trust Challenges Brought by New Crown Pneumonia

According to Forbes March 22 news, the new crown pneumonia crisis has brought unprecedented pressure on the global supply chain of each product, and the key pressure is on key medical supplies. Global demand for critical supplies has soared. Traditional procurement systems cannot operate at the speed required by the crisis. There is basically a crisis of trust in the global medical supply chain. Forbes article proposes that blockchain can help the five major trust challenges facing the global medical supply chain: 1. Product requirements: Provide a mechanism for the health system to enable factories to continuously update the latest product requirements and specifications, just like production auctions . 2. Supplier credibility: Provide a reliable method for sanitation systems to assess which plants have high-quality controls and meet the required specifications and production volumes. 3. Financial payment: As a trade financing mechanism, it ensures that the factory pays the advance payment supported by the blockchain, and then issues it as working capital when the pre-agreed production milestones and supply enter the next step of the supply chain. 4. Customs certification: Blockchain-based customs certification has been used to regulate the export of many products from the wildlife trade to pharmaceuticals, and can be applied here. 5. Transportation tracking: Supply needs to be tracked securely on a global scale to ensure transparency in the supply chain, which can be achieved through blockchain-based source tracking. The article also said that when the US Congress is discussing a $ 2 trillion economic stimulus package, the blockchain solution will also help ensure that businesses comply with the conditions set by the package.