A Review of Applications of Blockchain Technology in the Middle East

Abstract

This review study offers a thorough analysis of blockchain technology's Middle Eastern uses. Egypt, Morocco, Tunisia, Libya, Algeria, Turkey, UAE, Saudi Arabia, Bahrain, Iran, Iraq, Jordan, Lebanon, Palestine, Yemen, and Qatar are included in the study. This article investigates the potential applications of blockchain technology in a variety of areas, including finance, supply chain management, and public service delivery. The paper outlines the constraints and prospects of adopting blockchain technology in the Middle East and underlines the potential benefits of this technology for the region, such as enhanced transparency, security, and efficiency. The report finishes with a discussion of the future prospects for blockchain technology in the Middle East, as well as the need for ongoing research and development in this field. This study contributes to a deeper understanding of the role of blockchain technology in the Middle East and gives insights that can assist policymakers and corporate leaders in maximizing this technology's full potential.