Blockchain Technologically Driven Innovation at the Gulf Cooperation Council Countries

Alabbasi, Yousef; Sandhu, Kamaljeet

doi:10.4018/978-1-5225-9012-5.ch005

Cited by 2 publications

(1 citation statement)

References 33 publications

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“…Cooperation Council (GCC) Gulf Cooperation Council (GCC) is an economic centre in the Middle East that groups six Arab countries which include Saudi Arabia, Bahrain, Qatar, Kuwait, the United Arab Emirates and Oman. The contract of GCC had been signed in 1981 and its purpose is to establish socio-economic and socio-political cooperation [6].…”

Section: A the Blockchain-based Innovations In The Gulfmentioning

confidence: 99%

Blockchain Technology's Status of Implementation in Oman: Empirical Study

Hilali¹,

Shaker²

2021

IJCDS

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The amount of data is increasing very fast annually due to the rapid changes in modern technology. The data becomes very huge in each organization which led to the emergence of the new concept called Big Data. Big Data creates a valuable chance for companies to maximize their outcomes by analyzing this type of data. However, there is a concern regarding user privacy in the centralized systems as they have limited control over their personal stored information and how to use it. Added to that is the need for third-party availability which is considered another security issue. Recently, new accountable systems have emerged called Bitcoin. The world started using blockchain technology by deploying the first application namely bitcoin. It is a digital currency used for trading things over the web like money in the real world. Due to the success of Bitcoin, blockchain technology has gained trust from users as it is used in various fields and services, for example, monetary institutions, Internet of Things (IoT), supply chain, election, medicinal handling, and stockpiling. The main idea of the blockchain is to establish distributed agreement in the digital online world. It opens a great opportunity for the digital economy to be more scalable than the current centralized one. There are huge wonderful features and chances upcoming with this novel technology, and the uprising in this area has just commenced. Due to the importance of this technology, this paper aims to assess the current status of implementing blockchain technology in Oman. The statistical results clearly show the weak implementation of this technology in Oman's sectors.

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Section: A the Blockchain-based Innovations In The Gulfmentioning

confidence: 99%

Blockchain Technology's Status of Implementation in Oman: Empirical Study

Hilali¹,

Shaker²

2021

IJCDS

View full text Add to dashboard Cite

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The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents

Tok

2020

Sustainability

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This paper studies the local perspective on innovation and entrepreneurship in the resource-based state of Qatar. The effective utilization of abundant natural resources (oil and gas) have propelled the country’s rapid economic development over the last four decades. However, accelerating decarbonization efforts of the global energy system due to climate change put the future value of these hydrocarbon resources into doubt and hence the country’s revenue streams from international trade. Rapidly growing the local population adds further pressure to the social welfare system amid dwindling oil and gas revenues for the state. The argument for economic diversification and theoretical foundations of innovation and entrepreneurship in a resource-rich state are discussed. A survey to measure the attitude of the residents in Qatar towards innovation and state-led initiatives is prepared and conducted with people living in the country. The analysis of the survey shows that Qatari residents are relatively risk-averse and state-dependent in their pursuit of new entrepreneurial opportunities. We identify three possible reasons for such an outcome; they are, (1) the country’s unique economic structure (natural resource-based), (2) demographic structure (expatriates vs. citizens), and (3) lack of previous experience in innovation and entrepreneurship (path dependency) in a relatively young country. The country’s spectacular success in the last three decades has become its Achilles-heel in decoupling the current economy away from hydrocarbon dependence.

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Blockchain Technologically Driven Innovation at the Gulf Cooperation Council Countries

Cited by 2 publications

References 33 publications

Blockchain Technology's Status of Implementation in Oman: Empirical Study

Blockchain Technology's Status of Implementation in Oman: Empirical Study

The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents

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