Blockchain Technology Trends in G20 Countries: The Case of Saudi Arabia

Abstract

This study aims to explore the usage trends of blockchain technology in the G20 countries, with a particular focus on Saudi Arabia. As an emerging technology, blockchain is already being widely used in a number of industries including in the financial and supply chain sectors. For the purpose of this research, a questionnaire was developed to explore the adoption trends of blockchain technology in Saudi organizations. Saudi Arabia was chosen to be the case study for the research topic, as it is one of the largest oil producers in the world and holds the presidency of the G20 in 2020. The results of the study showed that some organizations in Saudi do not currently intend to implement blockchain technology and there is a lack of knowledge in some industries about this technology. Some of the obstacles preventing blockchain technology adoption were also identified.