Blockchain in Dubai: Toward a Sustainable Digital Future

Sarra Baroudi, Sonia Benghida

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

1 Citation (Scopus)

Abstract

As governments across the world examine blockchain technology, there are growing concerns about how to implement, enforce, and maximize the benefits of the technology. Many countries have to do extensive research and analysis before coming up with proposals. The future of the Emirates Economy is getting less foggy as COVID-19 pushes many government sectors to dip their toes in digital blockchains. It is just a matter of time until blockchain technology is fully implemented in both the public and private sectors. This chapter’s purpose is to first understand what is blockchain? Second, to explore blockchain technology in Dubai, and third, to describe the sustainable aspects generated by blockchain by looking at different projects implemented in Dubai. The paper summarizes several measures for implementing, promoting, and regulating the advancement of blockchain technology taking the example of Dubai. Finance, supply chain, digital identity, energy, healthcare, real estate, transportation, and crowdfunding are only a few industries that have well-embraced blockchain technology. This chapter uses an exploratory approach by reviewing past studies and literature reviews on the topic of blockchain in Dubai.
Original languageEnglish
Title of host publicationContemporary Research in Accounting and Finance
Subtitle of host publicationCase Studies from the MENA Region
EditorsAbdelghani Echchabi, Rihab Grassa, Welcome Sibanda
PublisherPalgrave Macmillan
Pages253-271
Number of pages19
ISBN (Electronic)9789811682674
ISBN (Print)9789811682667
DOIs
Publication statusPublished - 29 May 2022

Keywords

  • Cryptocurrencies
  • blockchain
  • sustainability
  • Digital solutions

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