The COVID-19 Pandemic and Its Economic, Social, and Political Impacts
The Role of Blockchain in the Covid-19 PandemicDilek Demirbaş, Ahmet İncekara
Blockchain technology can play a fundamental role in the COVID-19 crisis, as it opened a new door to ground-breaking technologies with potential to impact every industry from finance, manufacturing, and educational institutions to global supply chain to the health sector. Today, many health scientists and technology experts believe that reliable big data can be obtained using the blockchain technology to fight against the COVID-19 pandemic. As blockchain has the ability to store large data without a single point of failure while providing verifiability, traceability, accountability, and transparency with its decentralized nature, it provides a permanent audit trail for reliable health data for the COVID-19 pandemic. By helping researchers, supply chain providers in health care, insurance companies, governments, and drug companies, the negative impact of COVID-19 pandemic on health and economics can be lessened. This study investigates how the blockchain technology can mitigate the destructive impact of COVID-19.