Chainlink will from now on support COVID19-related data supplied by HealthTrends.AI, a health care data and analytics company. Together, the two parties will bring certified data onto multiple blockchain networks through Chainlink’s decentralized oracles. The announcement was revealed on December 16 in a blog post.
Just like the Chainlink network itself, data is agnostic. The decentralized oracle provider engages with almost every facet of life, verifying information no matter what kind it is. With the newest announcement, Chainlink is set to deploy its oracles for one more use case: health care.
HealthTrends, a 3rd-party health information platform, will launch its own official Chainlink oracle node to broadcast state-certified and authoritative COVID-19 data. The data will be delivered through the Coronavirus API to leading blockchain networks such as Ethereum. The firm states that it will bring to life many health care applications and use cases by transferring COVID19 data to the blockchain.
The platform notes that the World Economic Forum recently shared a report regarding the interoperability between blockchain and legacy systems.
The report concludes that blockchain and legacy networks can create a synergic system with each other. Through the help of oracles, they can also create real-world value.
On that account, HealthTrends.AI intends to be the very first platform that makes health more prosperous by connecting real-world data with blockchain networks.
Apart from bridging the gap between COVID-19 data and blockchains, the Coronavirus Chainlink node will also cryptographically sign all information.
By doing so users, applications, and developers will know that the data is valid as it comes directly from Healthtrend’s very own APIs. The firm notes financial entities, first responders, supply chain managers, and insurance companies can thus create automated data-driven business processes that act in response to Covid-related health cases.
Beyond markets, Chainlink and HealthTrends may impact the real world as well
According to HealthTrend.AI, 2020 has shown that legacy data outlets did not have the capacity to source and share public health data at a scale that is reliable enough to create real economic value. By utilizing the disruptive blockchain technology, government bodies and NGOs may have the tools needed to reliably and accurately spread health care data. Inside the blog post, the team notes:
HealthTrend.AI’s mission is to help organizations turn public health data into actionable information. Hence, why we only use legally verified public health data, as it is both legally compliant and reliable enough to execute critical business processes.
The pandemic has shined light upon many problems in today’s society. But more than anything, it has shown how inefficient legacy systems truly are.
Blockchain technology undoubtedly possesses the features needed to make data trustless, accurate, and untampered forever. But how long will enterprises and companies wait until they adopt it at a large scale? This process may take longer than expected.
But whatever the end result is, Chainlink will surely increase the rate and speed of blockchain adoption. As the leading decentralized oracle provider Chainlink not only has the potential to prosper in the crypto market, but it also has the chance to make a real change in the world.