The blockchain community is playing a significant role in helping to develop pharmaceutical drugs to combat COVID-19, as blockchain can bring immense computational power to confirm transactions, and generate new coins, according to Brandon Mintz, CEO of crypto ATM network, Bitcoin Depot.
Bitcoin Depot’s CEO commented about the use of computational power to strengthen the COVID-19-related research projects by allocating the resources through blockchain-backed platforms.
“I think one of the biggest takeaways for most is that blockchain technology can be as flexible as you need it to be. Especially in cases like the current pandemic, we’ve seen blockchain be used for handling patient data and contact tracing all the way to helping businesses with verifying donations. The community has found ways to apply it to non-typical uses and I hope that trend continues in the future.”