Implementing Blockchain in Public Sectors in MENA Countries: Opportunities and Challenges

Authors

  • Musaab Mohammad Alhaddad Director, IT Solutions, Technoware for IT and Telecom

Keywords:

Blockchain, MENA, Public sector, record management

Abstract

Governments all around the world are expanding their study and use of Blockchain technology Blockchains have the potential to improve many aspects of the public sector.  This research discusses opportunities and challenges in using blockchain in the public sectors of MENA countries.  Their public sectors may use it to safeguard sensitive documents and streamline interactions with residents and solve record-keeping challenges and improve the capabilities of the present public systems.  Instability and corruption have weakened public and market trust in MENA countries. Moreover, public data in the region is housed in a disjointed bureau and division. The process of acquiring and transferring assets, whether physical goods or financial instruments, often entails multiple transactions and a long paper trail. We argued that as blockchain needs a minimal digital trace, integrity, and immutability, it is particularly fit for the public sectors in the MENA region. A blockchain would keep detailed records of the exchanged assets as well as every step of the transaction.  All important information about each person or corporation would be maintained in a separate ledger inside an encrypted blockchain. However, the lack of expertise and experience among the government employees, and the lack of real use cases around the world are the main barriers to implementing blockchain technology in the public sector of MENA countries.

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Published

2018-05-08

How to Cite

Alhaddad, M. M. . (2018). Implementing Blockchain in Public Sectors in MENA Countries: Opportunities and Challenges . Empirical Quests for Management Essences, 2(4), 30–45. Retrieved from https://researchberg.com/index.php/eqme/article/view/36