Feasibility and Exploratory Study of Implementing the Blockchain Technology in the UAE Financial Markets

Sonia Abdennadher (), Maher Salem (), Saeed Ahmed Saeed Alkaabi () and Ali Salem Alshebli ()
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Sonia Abdennadher: Higher Colleges of Technology
Maher Salem: Higher Colleges of Technology
Saeed Ahmed Saeed Alkaabi: Higher Colleges of Technology
Ali Salem Alshebli: Higher Colleges of Technology

A chapter in Contemporary Research in Accounting and Finance, 2022, pp 273-294 from Springer

Abstract: Abstract Blockchain technology is a digitized ledger system that allows decentralized access to transactional records. The system ensures that data shared cannot be altered or corrupted in any way. Some banking and securities systems have already adopted the Blockchain on their business. Also, financial markets in the United Arab Emirates (UAE) can benefit from using Blockchain technology by addressing data security issues, cyber fraud, tampering, and corruptibility of financial data. This research paper proposes a feasibility and exploratory study on adopting the Blockchain on UAE from all stockholders perspectives. This study has undertaken based on theoretical and empirical framework using survey analysis. The results received from all stockholders are very significant and are playing an important role on decision-making regarding adopting Blockchain technology in the UAE.

Keywords: Blockchain; Financial Markets; Implementation; Stockholders; Securities (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-16-8267-4_12

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