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

Abstract

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.

Exploration of Blockchain Technology in the Education Sector in the Sultanate of Oman

“…Students will have a better chance learn through different education portals available with one click, for instance, publishers, journals, specialized journals, and educational portals are available which further enhance student learning and develop skills (Fedorova & Skobleva, 2020). As a result, student growth can be monitored and these resources are helpful in developing students' skills and guide in their careers (Al Hilali & Shaker, 2021). Thus, the following recommendations can be suggested to the Ministry of Education (MOE) and Ministry of Higher Education, Research, and Innovation (MOHERI) based on which they can plan to implement blockchain technology in Oman.…”

“…Oman is proactive in adopting and implementing new technological developments in the world. Thus, blockchain technology is seen as an incredible opportunity to revolutionize many processes in everyday life in Oman (Al Hilali & Shaker, 2021). As mentioned in the National Strategy of Education in Oman 2040 vision, the government should support the use of cutting-edge technology, e-learning, and building infrastructure in schools and higher education (Oman Vision 2040).…”