Exploring bitcoin: Opportunities and threats of use in Oman

Tahani Al-Hatmi, Razan Al-Rawas, Marwa Al-Noufali, Hajer Al-Buloshi, Yousuf Al-Hinai

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Bitcoin is a cryptocurrency which operates without any central bank. The main feature is the simplicity of exchange and transfer of money, and all transactions are done automatically. Bitcoin is also open-source, so that no one possesses or controls it and everybody can use it. The main objective of this paper is to understand the opportunity for and threats to Bitcoin in Oman. The research uses two methodologies: primary research interviews with experts and secondary research which consists of existing research papers and research subjects or experiments. The study has found that Bitcoin has an extremely secure database, that there are no international regulations or laws forbidding Bitcoin, that individuals benefit from it more than governments and that the use of Bitcoin in Oman is very low.

Original languageEnglish
Title of host publicationProceedings of the 11th IADIS International Conference Information Systems 2018, IS 2018
EditorsPedro Isaias, Miguel Baptista Nunes, Philip Powell, Luis Rodrigues
PublisherIADIS
Pages271-276
Number of pages6
ISBN (Print)9789898533746
Publication statusPublished - Jan 1 2018
Event11th IADIS International Conference Information Systems 2018, IS 2018 - Lisbon, Portugal
Duration: Apr 14 2018Apr 16 2018

Other

Other11th IADIS International Conference Information Systems 2018, IS 2018
CountryPortugal
CityLisbon
Period4/14/184/16/18

Keywords

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • E-payment
  • Investment
  • Oman
  • Regulations
  • Security

ASJC Scopus subject areas

  • Hardware and Architecture
  • Software
  • Computer Science Applications
  • Information Systems

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  • Cite this

    Al-Hatmi, T., Al-Rawas, R., Al-Noufali, M., Al-Buloshi, H., & Al-Hinai, Y. (2018). Exploring bitcoin: Opportunities and threats of use in Oman. In P. Isaias, M. B. Nunes, P. Powell, & L. Rodrigues (Eds.), Proceedings of the 11th IADIS International Conference Information Systems 2018, IS 2018 (pp. 271-276). IADIS.