Role of Blockchain Technology in Combating COVID-19 Crisis

Alsaed, Zaina; Khweiled, Raghad; Hamad, Mousab; Daraghmi, Eman; Cheikhrouhou, Omar; Alhakami, Wajdi; Hamam, Habib

doi:10.3390/app112412063

Cited by 24 publications

(22 citation statements)

References 54 publications

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“…A BC is a distributed database that is distributed amongst nodes of computer network [12]. it performs as a database, that stores the information in a digitized structure, and is popular for their viral role in providing transaction's safe and distributed record in cryptocurrency structures like Bitcoin.…”

Section: Introductionmentioning

confidence: 99%

A Review of Challenges of Block Chain with COVID-19: A Review Paper

Alarjani¹,

Alhaider²,

Ahmad³

2023

EJHS

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COV-19 has a negative impact on human life and several sectors, particularly the health, financial, and tourism sectors. Such circumstances led to the concept of new forms of life that people have had to adapt to lessen the spread of disease by taking preventive precautions as recommended by governments and international organizations such as the WHO. As a result, authorities and technical associations must take advantage of the current technological advancements to overcome the challenges posed by these circumstances. Blockchain (BC) technology has been identified as a platform for cryptocurrency globally. However, BC technology has the wonderful ability to facilitate the transition from a centralized, low-trust transaction ledger to a decentralized, high-trust ledger held by multiple verifying nodes. Due to its distributed nature and protection, BC can be used in various fields other than cryptocurrency. BC plays an important role in improving and maintaining the privacy, security, and integrity of data. This paper aims to discuss the background of the BC technology and its applications in combating the COV-19 crisis. Also investigated existing BC methods in specific applications and analyze the effectiveness of their outcomes. Furthermore, the most recent BC-based research proposals for combating the COV-19 pandemic are reviewed.

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Section: Introductionmentioning

confidence: 99%

A Review of Challenges of Block Chain with COVID-19: A Review Paper

Alarjani¹,

Alhaider²,

Ahmad³

2023

EJHS

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“…Leigh and Lee (2019) assert that certain blockchain systems' anonymity and lack of oversight may enable criminal activities such as money laundering and fraud. Furthermore, the decentralized nature of blockchain technology may potentially result in reduced governmental control over the financial systems that underpin the economy and its currency, as noted by Alsaed et al (2021).…”

Section: Introductionmentioning

confidence: 99%

Social Disadvantages of Ease of Transactions Using Blockchain

Sopheara¹,

Sotharith²

2023

JMAP

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A distributed, immutable record like that provided by blockchain technology has the ability to greatly streamline and fortify financial transactions while also reducing associated risks. Blockchain transactions are simple, but this convenience comes at a social cost. The concentration of wealth in the hands of a few would be a potential drawback, as would be the possibility of a blockchain's centralization. The anonymity of blockchain transactions also makes them conducive to unlawful operations like money laundering and the selling of illicit items. Finally, the energy consumption essential to a blockchain network's operation raises environmental problems.

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“…There are also ongoing studies that raise concerns about Bitcoin's long-term viability, taking into consideration the environment, social issues, and economic aspects of the blockchain-based infrastructure. Alsaed, et al [5] examined the role of blockchain in controlling and mitigating the COVID-19 situation. Similarly, [6] stated that the health industry is one among the most sectors affected by the COVID-19 dilemma, and blockchain technology offers attributes that enable it to transform numerous industries.…”

Section: Introductionmentioning

confidence: 99%

Blockchain Technology Adoption in Canadian Pharmaceutical Sectors: An empirical analysis for a future outlook

2022

pnr

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There are many calls in the literature to investigate the Blockchain technology adoption (BCT) in Canadian Organizations and its impact on boosting enterprises' competitive advantages. Although the literature requires more research cases, it is more timely and relevant that the analysis be done as early as today. Various empirical supports for Technology Acceptance Model (TAM) are available depending on situation specifics. TAM remains a widespread and convenient theoretical framework for examination of aspects contributing to technology acceptance. This study aims to find the driving forces that effectively illustrate the blockchain technology adoption in Canadian Pharmaceutical Organizations and to be able to face the challenges associated with the process of adoption. This study examined BCT application using contacts from Canadian Companies Capabilities directory (CCC) and applied SEM regression using AMOS software with 750 respondents from pharmaceutical businesses using TAM framework. Path analysis results were good: chi2 (4918.592), chi2 / DF (5.513), RMSEA (0.049), CFI (0.753), and TLI (0.804). Perceived ease of use, Perceived Usefulness, attitude towards use, and intention to use predicted BCT utilization, yet two relationships (i.e., PEOU->PU and PU->IU) were rejected in the tested model as they show negative conformity results. All components explain more than 50% of variation, hence presenting a reasonable fit between the data examined and the research model. These findings will help in understanding of pharmaceutical organizations' adoption of BCT for researchers, regulators and developers and providing supported evidence on factors contributing to the adoption of BCT in Canadian Organizations.

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Role of Blockchain Technology in Combating COVID-19 Crisis

Cited by 24 publications

References 54 publications

A Review of Challenges of Block Chain with COVID-19: A Review Paper

A Review of Challenges of Block Chain with COVID-19: A Review Paper

Social Disadvantages of Ease of Transactions Using Blockchain

Blockchain Technology Adoption in Canadian Pharmaceutical Sectors: An empirical analysis for a future outlook

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