Alipay Launches Blockchain-Based Platform To Fight Against Coronavirus

Alipay Launches Blockchain-Based Platform To Fight Against Coronavirus

Blockchain News
February 8, 2020 Editor's Desk
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Alipay launches a blockchain-based data protocol service to aid in tracking supplies that assist combat Coronavirus (n-Cov 2019). Alipay delivered the platform in China prior in the month with the Zhejiang Province Medical Materials Security Group utilizing it to order and track their prevention materials such as protective gear, masks, gloves, and caps, according to
Alipay Blockchain

Alipay launches a blockchain-based data protocol service to aid in tracking supplies that assist combat Coronavirus (n-Cov 2019). Alipay delivered the platform in China prior in the month with the Zhejiang Province Medical Materials Security Group utilizing it to order and track their prevention materials such as protective gear, masks, gloves, and caps, according to a press release by CN Stock.

The unexpected and rapid outbreak of Coronavirus in China mainly, whereby more than 28,000 people have been diagnosed with over 650 confirmed dead, has recognized the supply of equipment and donation of supplies get great attention in provinces that have been worst hit, including Hebei and Wuhan.

The official statement from Alipay insists the blockchain platform supports bringing credible connections, the trust across the network, and every link and confirmation by the operator can be revealed on the chain. The open-source and public platforms have already commenced operations in various provinces.

While blockchain platforms are coming up intending to fight the n-Cov 2019 virus, the Chinese government has set its eye on the Bitcoin miners in the country in an attempt to stop the virus circulating further.

Chinese government begins shutting down BTC mines

News from China’s leading mining hardware producers such as Innosilicon, Bitmain, Canaan, and MicroBT on the delay of mining hardware equipment given the shutdown and control measures currently in China, asked questions across the board on the continuation of BTC mining in the coming weeks.

Well, according to BTC.Top operator, Jiang Zhuoer, the government has begun closing down mines to limit the spread of Coronavirus. He, however, remains uncertain at the essence of shutting down machines to evade the epidemic. He wrote on Weibo,

“I have a mine in a remote suburb. The police came and forced all the mining authorities to shut down. It is understandable to take a regular… roll call, and strictly prohibit going out, but what’s the benefit of shutting down the mining machine to prevent the epidemic?”

Notwithstanding the widespread closure of mining facilities over China, which manages the BTC mining industry, with over 65% of the hashing power, the hash rate of Bitcoin has not moved quite much. As at the time of writing, the hash rate has kept its head above the 100 Th/s mark, dipping below the target only twice in 2020. Bitcoin hash rate stands at 103 Th/s.

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