Blockchain in Dubai: Toward a Sustainable Digital Future

Sarra Baroudi and Sonia Benghida
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Sarra Baroudi: Heriot-Watt University
Sonia Benghida: McGill University

A chapter in Contemporary Research in Accounting and Finance, 2022, pp 253-271 from Springer

Abstract: 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.

Keywords: Cryptocurrency; Blockchain technology; Blockchain potential; Sustainability; Dubai Smart City; Digital solutions; Covid-19; Blockchain for good (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-16-8267-4_11

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