Breaking Boundaries: Exploring Blockchain's Impact on UAE Organizations

Document Type

Conference Proceeding

Source of Publication

2023 Fifth International Conference on Blockchain Computing and Applications (BCCA)

Publication Date

10-26-2023

Abstract

In the dynamic landscape of the UAE, the blockchain ecosystem is experiencing a remarkable surge, giving rise to a multitude of innovative applications across diverse sectors. With its transformative potential, blockchain stands poised to redefine the operations of businesses and governments. By fostering a proactive stance towards adoption and regulation, the UAE has established itself as a trailblazer in blockchain innovation. This scholarly paper illuminates six compelling use cases of organizational blockchain within the UAE. These include ground-breaking implementations such as leveraging the blockchain in healthcare for organ donations, the trailblazing initiatives of the Abu Dhabi Digital Authority, the revolutionary Dubai Blockchain Business Registry for seamless business registration and licensing, the cutting-edge DubaiPay Blockchain Settlements System, the trailblazing ChequeChain by Emirates NBD, and the ground-breaking endeavour of Al Mawakeb School, which leads the world in issuing digital academic credentials to students and graduates. As blockchain technology evolves and matures, we can anticipate an influx of novel applications emerging not only within the UAE but also on a global scale. Furthermore, this research underscores critical limitations inhibiting the widespread adoption of blockchain and the persisting uncertainties that surround it. Consequently, the paper puts forth insightful suggestions for future research directions to address these challenges and foster the advancement of blockchain technology.

ISBN

979-8-3503-3923-9

Publisher

IEEE

Volume

00

First Page

12

Last Page

21

Disciplines

Computer Sciences

Keywords

Technological innovation, Uncertainty, Government, Ecosystems, Medical services, Licenses, Regulation

Indexed in Scopus

no

Open Access

no

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