Market review, March 30, 2020

2020-30-03 11:49:24

IBM, Oracle and the World Health Organization (WHO) are creating an open data center that will use the blockchain to validate the information associated with the coronavirus pandemic.

 

The solution, dubbed MiPasa, is launching as a “COVID-19 information highway,” said Jonathan Levi, CEO of Hacera, the company that built the platform. MiPasa, built on Hyperledger Fabric, is expected to evolve as a range of data analytics tools are added, followed by testing data and other information to assist with the precise detection of COVID-19 infection hotspots. 

 

“We feel that there isn’t enough information out there to make informed decisions,” said Levi. “How can we help all the people that would like to get access to data, analyze it and provide insights?”

 

Corporate blockchain consortia can be organized for months. But in this case, the company was able to quickly attract major participants: Microsoft, Hopkins University, the National Health Commission of China and WHO. IBM Blockchain CTO Gari Singh said everyone he had spoken with agreed it was important to “kickstart a consortium” as soon as possible. 

 

“We started off brainstorming ideas on how to collect, provide and use verified information about the virus,” said Singh. “It’s not that we were trying to force blockchain into this solution, but we thought we need to replicate data, we need to have trusted sources, we need to make sure it can’t be tampered with.”

 

IBM is also bringing the Call for Code initiative to work on the platform to rapidly create tools that might be able to help stem the crisis. Looking ahead to the coming weeks, Singh said things like coronavirus testing data could be added to the platform. 

 

“You could think of a simple set of applications for the drive-through testing,” he said. “Using an iPad you could enter some information without having to know who the person was. We can start to collect that and build new applications of that.”

 

Hacera’s Levi said analytics tools can provide powerful insights, provided everyone can be sure and agree all the data on the platform (which is entirely open and free to use) is correct and consistently versioned. He said a host of companies are offering their data smarts to help curb the virus.

 

“Lots of data tool providers are getting involved. Everybody is rushing to help and nobody is charging a cent.”

Technical analysis of Bitcoin (BTC):

Over the past weekend, the price of bitcoin dropped to the support level of $5,885. Now, it is $6,330. In the future, we predict an uptrend. The nearest resistance levels are $6,600, $7,100, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $6,000, $5,780, $5,450, $5,000, $4,840, $4,440, $3,900, $3,700.

Technical analysis of Ethereum (ETH):

Over the past weekend, the price of ethereum fell to the support level of $125. Now, it is $135. In the future, we predict an uptrend. The nearest resistance levels are $135, $140, $143, $152, $161, $170. The nearest support levels are $127, $120, $115, $110, $99, $88.

Technical analysis of Ripple (XRP):

Over the past weekend, the price of ripple rose to the resistance level of $0.1850. Then it again fell to the support level of $0.1660. Now, the price of ripple is $0.1740. In the future, we predict an uptrend. The nearest resistance levels are $0.1750, $0.18, $0.1850, $0.1980, $0.2050. The nearest support levels are $0.17, $0.1680, $0.1570, $0.1520, $0.1420, $0.1370, $0.1280.

Posted: 30.03.2020 | Dawid Siłowacki
Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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