Blockchain for UAE Organizations: Insights from CIOs with Opportunities and Challenges

Document Type

Conference Proceeding

Source of Publication

Proceedings of the 2018 13th International Conference on Innovations in Information Technology, IIT 2018

Publication Date

1-8-2019

Abstract

© 2018 IEEE. A blockchain is a distributed ledger and the underlying technology of the Bitcoin cryptocurrency, allowing it to operate in a decentralized fashion with no intermediaries such as financial institutions. The use of blockchain, however, will be far beyond the financial sector; smart contracts, for example would allow business and legal agreements to be stored and executed online. It is anticipated that blockchain will do to middle- and back-office functions what the Internet and the Web have done to the front-office - automate functions. In this paper, we investigate what Chief Information Officers (CIOs) think of blockchain and how they plan to utilize it for their organizations. We conducted a survey that was completed by 25 CIOs in the United Arab Emirates and found mixed feelings about the technology and barriers for use. In this paper, we also discuss opportunities and challenges in adopting blockchain.

ISBN

9781538666739

Publisher

Institute of Electrical and Electronics Engineers Inc.

First Page

157

Last Page

162

Disciplines

Computer Sciences

Keywords

bitcoin, Blockchain, challenges, CIOs, scalability

Scopus ID

85062411395

Indexed in Scopus

yes

Open Access

no

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