Blockchain Innovation and Information Technology at GCC

2021 ◽  
pp. 751-764
Author(s):  
Yousef Alabbasi ◽  
Kamaljeet Sandhu
Keyword(s):  
Information Technology ◽  
Gulf Cooperation Council ◽  
Economic Base ◽  
Business World ◽  
Blockchain Technology ◽  
Health Finance ◽  
Banking Education ◽  
Business Functions ◽  
Enabling Institutions ◽  
Typical Solution

Blockchain has become an epidemic and significant decision that organizations may make in the next few years, enabling institutions to integrate business functions, operations, and processes in a decentralized distributed ledger technology. This technology will transform the business world and economy in solving the limitations created by centralization and system inefficiency. Accordingly, with the high demand and complexity of growing economies such as the Gulf Cooperation Council GCC countries, the need for a typical solution technology is a game changer. This will lead GCC to a solid economic base. Blockchain technology can be applicable in many different fields such as Banking, education, Health, finance, government and trade. This article will address the literature review and methodology of Blockchain technology and innovation at the GCC, particularly in Saudi Arabia. Also, more research can be conducted in the future as the system may be integrated in these countries.

Blockchain Innovation and Information Technology at GCC

2019 ◽  
Vol 10 (3) ◽  
pp. 22-37
Author(s):  
Yousef Alabbasi ◽  
Kamaljeet Sandhu
Keyword(s):  
Business World ◽  
Blockchain Technology ◽  
Health Finance ◽  
Distributed Ledger ◽  
Gcc Countries ◽  
Banking Education ◽  
Business Functions ◽  
Enabling Institutions ◽  
Typical Solution ◽  
Game Changer

Blockchain has become an epidemic and significant decision that organizations may make in the next few years, enabling institutions to integrate business functions, operations, and processes in a decentralized distributed ledger technology. This technology will transform the business world and economy in solving the limitations created by centralization and system inefficiency. Accordingly, with the high demand and complexity of growing economies such as the Gulf Cooperation Council GCC countries, the need for a typical solution technology is a game changer. This will lead GCC to a solid economic base. Blockchain technology can be applicable in many different fields such as Banking, education, Health, finance, government and trade. This article will address the literature review and methodology of Blockchain technology and innovation at the GCC, particularly in Saudi Arabia. Also, more research can be conducted in the future as the system may be integrated in these countries.

The Framework for Blockchain Innovation and the Impact on Digital Economic Transformation

2019 ◽  
Vol 10 (4) ◽  
pp. 44-55
Author(s):  
Yousef Alabbasi ◽  
Kamaljeet Sandhu
Keyword(s):  
Economic Transformation ◽  
Solid Base ◽  
Business World ◽  
Blockchain Technology ◽  
Banking Education ◽  
Business Functions ◽  
Enabling Institutions ◽  
The Impact ◽  
Typical Solution ◽  
Game Changer

Blockchain technology has become an epidemic and significant decision that organizations may make in the next few years, as integrated business solution enabling institutions to integrate business functions, operations, and processes in a decentralized distributed ledger technology. This technology will transform the business world and economy in solving the limitations created by centralization and system inefficiency. Accordingly, with the highly demanding and complexity of growing economies such as Gulf Cooperation Council GCC countries, the need for a typical solution technology is a game changer. The result of this will lead GCC to a solid base of the economy. Blockchain technology can be applicable in many different fields such as: banking, education, health care, finance, government, trade, etc. This article will propose a conceptual framework for the acceptance of Blockchain technology and innovation in the GCC, particularly in Saudi Arabia. Also, more research can be conducted in the future as the system might be integrated in these countries.

The Framework for Blockchain Innovation and the Impact on Digital Economic Transformation

2021 ◽  
pp. 172-184
Author(s):  
Yousef Alabbasi ◽  
Kamaljeet Sandhu
Keyword(s):  
Economic Transformation ◽  
Solid Base ◽  
Business World ◽  
Health Care Finance ◽  
Blockchain Technology ◽  
Banking Education ◽  
Business Functions ◽  
Enabling Institutions ◽  
The Impact ◽  
Typical Solution

Blockchain technology has become an epidemic and significant decision that organizations may make in the next few years, as integrated business solution enabling institutions to integrate business functions, operations, and processes in a decentralized distributed ledger technology. This technology will transform the business world and economy in solving the limitations created by centralization and system inefficiency. Accordingly, with the highly demanding and complexity of growing economies such as Gulf Cooperation Council GCC countries, the need for a typical solution technology is a game changer. The result of this will lead GCC to a solid base of the economy. Blockchain technology can be applicable in many different fields such as: banking, education, health care, finance, government, trade, etc. This article will propose a conceptual framework for the acceptance of Blockchain technology and innovation in the GCC, particularly in Saudi Arabia. Also, more research can be conducted in the future as the system might be integrated in these countries.

Bridging the digital divide through ICT

2013 ◽  
Vol 30 (4) ◽  
pp. 358-365 ◽  
Author(s):  
Adboulaye Kaba ◽  
Raed Said
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
Digital Divide ◽  
Significant Relationship ◽  
Gulf Cooperation Council ◽  
Arab Countries ◽  
Government Support ◽  
Global Information ◽  
Gcc Countries ◽  
Ict Infrastructure

Bridging the gap of the digital divide can play an important role in education, employment and economic growth of any country. The present study attempts to examine and analyze the digital divide status of the Gulf Cooperation Council (GCC) countries compared with countries of the Association of Southeast Asian Nations (ASEAN) and other Arab countries. It uses 19 indicators of four factors adapted from The Global Information Technology Report 2009–2010 to measure the digital divide. Findings of the study indicated that GCC countries have a better ICT infrastructure than the ASEAN and other Arab countries. Similarly, the results of the study revealed that GCC nations have more ICT users than the ASEAN and other Arab countries. However, the study found no significant differences among these groups of countries in regard to government support and usage of ICT. Findings of the Analysis of Variance (ANOVA) show that, across the three groups of countries, the influence of ICT infrastructure is consistently significant in narrowing the digital divide. The regression results also prove a significant relationship between government support for ICT and government usage of ICT.

scholarly journals Students’ Perceptions on Studying Accounting Information System Course

2017 ◽  
Vol 8 (2) ◽  
pp. 1 ◽  
Author(s):  
Helen Wong ◽  
Raymond Wong
Keyword(s):  
Information Technology ◽  
Information System ◽  
Accounting Information ◽  
Ease Of Use ◽  
Financial Information ◽  
Decision Makers ◽  
Accounting Information System ◽  
Business World ◽  
Business Transactions ◽  
Perceptions Of Students

Information technology improves our lives and changes the business world. Business transactions and activities can now be handled by the computer system efficiently and effectively, and make the financial information quickly available for decision makers. Learning accounting information system becomes essential in nowadays study. Not only academic study at schools, professional bodies also require members to have knowledge in accounting information system. To understand the perceptions of students on the course of accounting information system, this study investigate their perceptions on ease of use, usefulness and acceptance. It provides insights to academics on planning the course of accounting information system for the students.

scholarly journals IPTEKS PENERAPAN DAN MANFAAT TEKNOLOGI INFORMASI TERHADAP PROSES BISNIS PERBANKAN PADA PT. BANK RAKYAT INDONESIA (PERSERO) TBK. KANTOR CABANG MANADO

2018 ◽  
Vol 2 (02) ◽  
Author(s):  
Valencia Matthew Anis ◽  
Steven J. Tangkuman
Keyword(s):  
Information Technology ◽  
Information System ◽  
Business Process ◽  
Success Factors ◽  
Business Processes ◽  
Company Performance ◽  
Business World ◽  
Business Information ◽  
Banking Business ◽  
Branch Office

The use of information technology plays an important role in the company's business processes. One of the success factors of company performance is the optimal use or application of information technology. Especially in banking business process activities, the use of information technology is one of the weapons in competition in the banking business world. In this article Bank BRI, which is one of the largest banking companies in Indonesia, also relies on information technology in the continuity of its business processes. In this article, we will discuss about the application of the Bank BRI Manado branch office’s Information Technology and its benefits in the continuity of banking business processes. In this case the BRI bank Manado branch office uses a variety of information systems in the banking business processes that will be explained in this article.Keywords : Business Processes, Information Technology, Banking business, Information System, Bank

scholarly journals PEMBUATAN APLIKASI PEMESANAN BANNER DI WARNA PRINT KOTA CIMAHI

2021 ◽  
Vol 7 (2) ◽  
pp. 138-147
Author(s):  
Johni S. Pasaribu
Keyword(s):  
Information Technology ◽  
Information And Communication Technology ◽  
Programming Language ◽  
Communication Technology ◽  
Business World ◽  
Java Programming ◽  
Transaction Process ◽  
Information And Communication ◽  
Database Program ◽  
A Company

Nowadays technology is developing very fast, including information and communication technology. For that we need fast steps in following it. Information and communication technology has entered all aspects of life, including the business world. This is because the work assisted by information technology can minimize errors and even losses that will occur. Warna Print is a company engaged in the printing sector, which serves banner designs and banner printing and is currently facing problems in the field of ordering. The banner ordering system used in Warna Print is still done conventionally. For example, in recording orders, making order invoices to taking orders and transaction reports, they still rely on recording on notes. This of course can cause loss or damage to the order data and sales transactions. With the design of this application will be able to help expedite the transaction process on Color Print. The design of this application uses the Netbeans IDE with the Java programming language and the MySQL database program. This application has guaranteed security, because only owners and employees who have a username and password can access this application. In addition, the error rate in recording orders is very small, because each customer receives a different transaction number, so as to minimize errors on the transaction report.

scholarly journals Blockchain Technology and Its Applications

2021 ◽  
pp. 1247-1260
Author(s):  
Ting Wang ◽  
Liguo Yu ◽  
Yingmei Li
Keyword(s):  
Information Technology ◽  
Data Structure ◽  
Structure Data ◽  
Data Distribution ◽  
Business Practices ◽  
Digital Currency ◽  
Blockchain Technology ◽  
Potential Applications ◽  
Digital Record ◽  
Technology Solution

Blockchain is an information technology solution for distributed digital record. Its main properties are secure, traceable, and transparent. Blockchain was first proposed for bitcoin, a decentralized virtual digital currency. Recently, blockchain draws attentions of researchers, entrepreneurs, and investors, because people found that blockchain technology can revolutionize many business practices. This paper describes the fundamentals of blockchain technology, including data structure, data distribution, and transaction execution and validation. This paper also discusses the representative blockchain protocols and development platforms. In addition, this paper outlines the potential applications of blockchain technology and the broader impact it might bring to industry, business, and beyond.

Using blockchain technology in credit rating industry to promote an innovative bond-pays model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Krishna Vishwanath Iyer ◽  
V.V. Ravi Kumar
Keyword(s):  
Business Models ◽  
Credit Rating ◽  
Content Type ◽  
Concept System ◽  
Blockchain Technology ◽  
Proposed Model ◽  
Business Functions ◽  
Market Distortion ◽  
Practical Implications ◽  
Inflation Alternative

Purpose This paper aims to propose an innovative blockchain-based system enabling implementation of a bond-pays model in credit rating industry. Issuer-pays model has led to conflict of interest resulting in rating shopping and inflation. Alternative business models have their own problems, e.g. investor-pays model suffers from “free rider” and public dissemination challenges, whereas government-controlled business models can lead to market distortion. Bond-pays model has been difficult to implement owing to operational difficulties in managing co-ordination amongst multiple entities involved, often with conflicting goals. Blockchain technology enables inter-organizational systems that foster trust amongst non-trusting entities, facilitating business functions such as credit rating to be carried out. Design/methodology/approach This paper outlines current processes in credit rating business that has led to repeated rating failures and proposes a new set of processes, leveraging capabilities of blockchain technology to enable implementation of an arms-length bond-pays model. Findings A proof-of-concept system, namely, rating chain has been designed to implement a small part of the proposed model to establish technical feasibility in a blockchain environment. Practical implications A fully functional blockchain-based system on bond-pays business model, if built and adopted, could impact how credit rating market functions currently and could contribute to a reduction in rating-related challenges. Originality/value The proposal to adopt blockchain technologies in implementing a bond-pays model in credit rating industry is a novel contribution.

Assessing Business-IT Allignment Maturity

2011 ◽  
pp. 99-128 ◽  
Author(s):  
Jerry Luftman
Keyword(s):  
Information Technology ◽  
Strategic Alignment ◽  
Strong Support ◽  
Senior Management ◽  
Working Relationships ◽  
Strategic Choices ◽  
It Alignment ◽  
Business Functions ◽  
Alignment Maturity ◽  
Relationship Of

Strategic alignment focuses on the activities that management performs to achieve cohesive goals across the IT (Information Technology) and other functional organizations (e.g., finance, marketing, H/R, R&D, manufacturing). Therefore, alignment addresses both how IT is in harmony with the business, and how the business should, or could, be in harmony with IT. Alignment evolves into a relationship where the function of IT and other business functions adapt their strategies together. Achieving alignment is evolutionary and dynamic. It requires strong support from senior management, good working relationships, strong leadership, appropriate prioritization, trust, and effective communication, as well as a thorough understanding of the business and technical environments. The strategic alignment maturity assessment provides organizations with a vehicle to evaluate these activities. Knowing the maturity of its strategic choices and alignment practices make it possible for a firm to see where it stands and how it can improve. This chapter discusses an approach for assessing the maturity of the business-IT alignment. Once maturity is understood, an organization can identify opportunities for enhancing the harmonious relationship of business and IT.

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