The coronavirus pandemic has hit restaurants, retailers and millions of other small businesses hard. Now, a blockchain startup is attempting to mitigate the economic impact of COVID-19 for companies who have been forced to close their doors. Enterprise blockchain developer Tatum’s nonprofit Save Your Business project is designed to deliver much-needed cashflow to firms that saw their income practically dry up overnight.
Brooklyn's Red Hook Lobster Pound was saved after 2012's Hurricane Sandy by the type of Save Your Business program Tatum is putting on the blockchain (Photo: Flickr/Mr.TinDC)