Blockchain in the coronavirus era
Avivah Litan, vice president and distinguished analyst at Gartner, explains the evolving role blockchain has taken during the coronavirus pandemic. Blockchain, originally developed for use with bitcoin, provides a way to bring trust and order to the chaos of the current crisis, but it's no silver bullet.
New pressure on health care, supply chains for mask production, and other industries are generating interest in the distributed ledger technology — but their problems could be too big for a single technology to solve.
The U.S. is especially in need of the sort of technological overhaul that blockchain provides, but those same problems are also significant hurdles to putting the distributed ledger technology in place.
Litan discusses the pros and cons of adopting blockchain technology, and where it is already making a difference worldwide.