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On health and privacy: technology to combat the pandemic

Summary:
BIS Bulletin  |  No 17  |  19 May 2020 by  Carlos Cantú, Gong Cheng, Sebastian Doerr, Jon Frost and Leonardo Gambacorta PDF full text (1,164kb)  |  9 pages Key takeaways Technology has been harnessed in the fight against the Covid-19 pandemic, eg to administer remote medical consultations, analyse aggregate movements and track paths of contact. Successful applications are predicated on broad public support. They must address concerns about data privacy, and the potential for misuse of data by governments and companies.

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BIS Bulletin  |  No 17  | 
19 May 2020
PDF full text
 (1,164kb)
 |  9 pages

Key takeaways

  • Technology has been harnessed in the fight against the Covid-19 pandemic, eg to administer remote medical consultations, analyse aggregate movements and track paths of contact.
  • Successful applications are predicated on broad public support. They must address concerns about data privacy, and the potential for misuse of data by governments and companies.
  • Transparent public policies and clear governance frameworks can help to build trust. One possible approach is to differentiate data use during a pandemic and in normal times.

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International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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