A Solution to China's Pharma Woes Might Be a Blockchain Away

A still-evolving vaccine scandal in China prompted a range of social media discussions in the past week around how blockchain could have prevented such a situation - or how it might be used to stop it in the future.

That's when the crypto community in China started to come out and highlight blockchain as a possible solution.

According to anonymous commentary which appeared on Jianshu, a blog site in China, the author said that blockchain has largely been "Demonized" by many people because of the many token sale scandals.

The idea of Chinese firms using blockchain for supply-chain purposes isn't exactly new.

Zhipeng Cheng, a financial commentator at China Finance Online, a China-based financial information company, offered a more detailed plan on how blockchain can be used in the pharmaceutical industry in an op-ed from earlier this week.

Though just a technology, Cheng said that he believes the country should "Embrace blockchain and put it into practice."

Beijing News, a Beijing government-backed news outlet, reported on July 24 that several blockchain firms in China are already responding to the growing chatter about making vaccines safer and have responded by putting keywords like "Vaccines" and "Embed vaccine on chain" in their social media accounts.

The author then concluded that blockchain is only a technology, which will not solve the much more complicated social issues that deeply rooted in Chinese society.

"At 2.49. 54 a.m. July 22, 2018, an article named 'the King of Vaccine' has been permanently recorded on Etherescan at 6007493. It might just be a small step in the blockchain world. Someday, it might become a huge step in the human history."

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