Blockchain Technology and Decentralized Applications: CBDC, Healthcare, and Not-for-Profit Organizations

Rand Kwong Yew Low; Terry Marsh

doi:10.3390/jtaer20040254

Blockchain Technology and Decentralized Applications: CBDC, Healthcare, and Not-for-Profit Organizations

Rand Kwong Yew Low^*
, Terry Marsh

^*Corresponding author for this work

Research output: Contribution to journal › Editorial › Research › peer-review

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Abstract

We discuss three applications of blockchain data technology that illustrate its considerable problem-solving potential in: (i) Centralized Bank Digital Currencies (CBDC); (ii) Healthcare (HC); and (iii) Non-Profit Organizations (NPOs). Key solution features include security and immutability, along with authentication in a decentralized network that can yield the same consensus solution as a single centralized computer would. But notwithstanding the strength of blockchain’s security, vulnerabilities in the wider infrastructure of the applications we considered. We discuss real-world vulnerabilities in error correction and smart contract code, and the integration of blockchain data and infrastructure that is essential in day-to-day operation. Further, the decentralization in this (Web 2.0) network infrastructure is, if not the proverbial “bug”, a weakness and decidedly not a feature.

Original language	English
Pages (from-to)	1-11
Number of pages	11
Journal	Journal of Theoretical and Applied Electronic Commerce Research
Volume	20
Issue number	4
DOIs	https://doi.org/10.3390/jtaer20040254
Publication status	Published - 24 Sept 2025

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Blockchain Technology and Decentralized Applications CBDC, Healthcare, and Not-for-Profit OrganizationsFinal published version, 597 KBLicence: CC BY

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title = "Blockchain Technology and Decentralized Applications: CBDC, Healthcare, and Not-for-Profit Organizations",

abstract = "We discuss three applications of blockchain data technology that illustrate its considerable problem-solving potential in: (i) Centralized Bank Digital Currencies (CBDC); (ii) Healthcare (HC); and (iii) Non-Profit Organizations (NPOs). Key solution features include security and immutability, along with authentication in a decentralized network that can yield the same consensus solution as a single centralized computer would. But notwithstanding the strength of blockchain{\textquoteright}s security, vulnerabilities in the wider infrastructure of the applications we considered. We discuss real-world vulnerabilities in error correction and smart contract code, and the integration of blockchain data and infrastructure that is essential in day-to-day operation. Further, the decentralization in this (Web 2.0) network infrastructure is, if not the proverbial “bug”, a weakness and decidedly not a feature.",

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N2 - We discuss three applications of blockchain data technology that illustrate its considerable problem-solving potential in: (i) Centralized Bank Digital Currencies (CBDC); (ii) Healthcare (HC); and (iii) Non-Profit Organizations (NPOs). Key solution features include security and immutability, along with authentication in a decentralized network that can yield the same consensus solution as a single centralized computer would. But notwithstanding the strength of blockchain’s security, vulnerabilities in the wider infrastructure of the applications we considered. We discuss real-world vulnerabilities in error correction and smart contract code, and the integration of blockchain data and infrastructure that is essential in day-to-day operation. Further, the decentralization in this (Web 2.0) network infrastructure is, if not the proverbial “bug”, a weakness and decidedly not a feature.

AB - We discuss three applications of blockchain data technology that illustrate its considerable problem-solving potential in: (i) Centralized Bank Digital Currencies (CBDC); (ii) Healthcare (HC); and (iii) Non-Profit Organizations (NPOs). Key solution features include security and immutability, along with authentication in a decentralized network that can yield the same consensus solution as a single centralized computer would. But notwithstanding the strength of blockchain’s security, vulnerabilities in the wider infrastructure of the applications we considered. We discuss real-world vulnerabilities in error correction and smart contract code, and the integration of blockchain data and infrastructure that is essential in day-to-day operation. Further, the decentralization in this (Web 2.0) network infrastructure is, if not the proverbial “bug”, a weakness and decidedly not a feature.

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M3 - Editorial

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JO - Journal of Theoretical and Applied Electronic Commerce Research

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Blockchain Technology and Decentralized Applications: CBDC, Healthcare, and Not-for-Profit Organizations

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