Tokenizing Can Make Donations More Effective

 

A system in which health officials would be able to track blood donations from vein-to-vein in real-time, given the complexities of the blood supply chain, may sound impossible. However, using blockchain technology to track and trace blood supply chains may turn this idea closer to reality. 

The American Red Cross estimates that someone in the United States needs blood every two seconds. The organization further announced that it’s facing a severe shortage of blood, particularly that of convalescent plasma — a type of blood donation that contains antibodies collected from individuals who have recently recovered from COVID-19. It’s clear that the blood supply chain is of vital importance, yet there are a number of challenges hampering the effectiveness of these systems. 

Warren Tomlin, the digital and innovation leader for Ernst & Young Canada, told Cointelegraph that the firm has been working with the nonprofit organization Canadian Blood Services on a proof-of-concept to…


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