Blockchain in the Middle East: Adoption and Key Market Developments, 2022
This IDC Market Perspective presents an overview of blockchain technology adoption in the Middle East. It discusses recent significant market developments and analyzes the maturity of, and appetite for, blockchain in different verticals. The study provides the top blockchain use cases by industry and provides advice for technology suppliers.“Decentralized in its essence, blockchain represents an opportunity for any country or enterprise to drive accelerated growth through adoption of this disruptive technology. Blockchain has been changing the global socioeconomic paradigm with new concepts regarding finance, currencies, governance, and the internet itself. Clear regulations, increased technological awareness, and innovative use cases will have a significant impact on countries and organizations in the Middle East.” — Senior Research Analyst George Ayad, Software and Cloud, IDC Middle East, Turkey, and Africa
Please Note: Extended description available upon request.
- Executive Snapshot
- New Market Developments and Dynamics
- National Initiatives
- United Arab Emirates
- Bahrain
- Saudi Arabia
- NFTs, Web3, and Metaverse Are Changing the Web Future
- Blockchain Adoption Plans in the Middle East
- Blockchain Use Cases by Industry
- Advice for the Technology Supplier
- Leverage Blockchain Awareness with Customers and the Target Market
- Engage in a Co-Creation/Partner Model with Customers
- Leverage Blockchain Business Consulting
- Introduce Blockchain as a Service (BaaS)
- Learn More
- Related Research
- Synopsis
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