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