Blockchain Technology as a Tool for Prediction and Prevention of the Spread of COVID-19

Abstract

Blockchain is predicted to greatly transform the conventional methods of transacting between users, covering almost all sectors of the economy. While the expectations of blockchain technology are high, the actual impacts and benefits are still unclear, causing delays and skepticism in its adoption. As the coronavirus disease (COVID-19) continues to affect the world, businesses and governments scramble for answers in attempting to limit the impact of the pandemic. In order to assess the ability of blockchain technology in its efforts to minimize the impact of the pandemic and clearly define the challenges and prospects of blockchain, a structured literature review of peer-reviewed articles on block chain’s implementation and adoption in supply chain management, education, logistics and finance sectors was conducted. It is recommended that block chain’s implementation and adoption is not limited to the finance sector but can be applied in any sector, where it provides a decentralized network in which information is accessible and personal privacy and security are guaranteed. Therefore, the wider acceptance and implementation of blockchain in selected sectors of the economy, especially in finance and supply chain management, has proven that blockchain can be utilized by businesses, governments and health professionals in the fight against the virus by transforming the challenges into opportunities combined with the prominent essential enablers would fast track its wider adoption.