The Framework for Blockchain Innovation and the Impact on Digital Economic Transformation

Abstract

Blockchain technology has become an epidemic and significant decision that organizations may make in the next few years, as integrated business solution enabling institutions to integrate business functions, operations, and processes in a decentralized distributed ledger technology. This technology will transform the business world and economy in solving the limitations created by centralization and system inefficiency. Accordingly, with the highly demanding and complexity of growing economies such as Gulf Cooperation Council GCC countries, the need for a typical solution technology is a game changer. The result of this will lead GCC to a solid base of the economy. Blockchain technology can be applicable in many different fields such as: banking, education, health care, finance, government, trade, etc. This article will propose a conceptual framework for the acceptance of Blockchain technology and innovation in the GCC, particularly in Saudi Arabia. Also, more research can be conducted in the future as the system might be integrated in these countries.

Cross-Border Supply Chain System Constructed by Complex Computer Blockchain for International Cooperation

“…It can be observed that integrating the complicated data flow, sharing data securely across different players that do not completely trust each other, and promoting secure collaboration among multiple stakeholders in the supply chain are the key to improving overall supply chain efficiency. Location technology is naturally suitable for solving the above-mentioned supply chain industry problems [ 8 ].…”