1. Recently, a revolutionary technology has arisen in the world that has the potential to alter the...

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Question:

1. Recently, a revolutionary technology has arisen in the world that has the potential to alter the course of human history. It is called block chain technology. Numerous businesses and countries have implemented and invested in block chain technology in the commercial, employment, and financial industries, including securities, mortgages, bonds, and futures contracts (Reiff, 2020). According to the United Nations' World Economic Study, "ten blockchain innovations would revolutionize the future and the current Internet revolution" (Rosic, 2016). At the moment, it has ushered in a transition in the finance industry and its services, providing the chain of auditing and accounting for financial transactions without focusing on an intermediate agent between the commodity and customer channels, among others (Reiff, 2020). Whereas, at the start of 2016, virtual currencies (digital) were released and spent in the finance market, and they investigated the viability of digital currencies in this sector. According to organisers of block chain technology, "there are significant worries regarding confusing the technology and its use, which could result in transition and detrimental consequences in the future" (Mettler, 2016). However, the literature on the usage of blockchain technologies in the financial field in the Omani sense is still lacking. This void includes further study by academics to examine the effects of utilizing this technology in developed countries.

This article discusses the finance sector's usage of block chain technologies. This thesis developed a BCBT framework for the financial sector that leverages Block chain technologies to conduct scientific research. We assume that knowledge regarding the usage of Block chain technologies can be gathered by using creative applications and distributing a questionnaire on four distinct variables. To obtain more facts. To begin, an introduction to Block chain technology, the characteristics that render it special in its ability to transform the field of financial services in the future, the technology's mechanism and key facets, and what Block chain can do after demonstrating the aims and results achieved through its usage.

2- Problem of the study:

The study supports an invented initiative that utilizes block chain technology and recognizes that there could be issues and difficulties associated with the usage of this technology in Oman's financial field, specifically in transaction and marketing. There have been no prior reports on the effect of utilizing Block Chain in Oman's emerging financial industry. As a consequence, investigating its effect on Omani financial institutions is worthwhile. Thus, the research is interested in this subject to ascertain if the usage of Block chain technology is sufficient to please anyone who utilizes this technology in the financial sector's services.

3- Aims of the study:

The aim of this thesis is to:

1-Discuss the structure of block chain technologies and develop a methodology for conducting analysis.

2-To do research into the finance sector's services and transactions, among other things.

3-Measure the testing structure, which is composed of three distinct categories of operations (Management and organization, measurement and value, design and features). On the basis of an analysis of four distinct variables (companies and business, websites, traders, and consumers and society) pertaining to the Sultanate's financial market.

4 Questions of the study:

The thesis for this review aims to answer the following research questions:

1- What is the effect of Oman's financial institutions adopting block chain technology??

2-How happy are Omani financial institution administrators with the use of block chain technology?

3-What are the advantages and risks associated with using blockchain technology in Oman's financial sector?

5 Hypotheses of the study:

1-Block chain would be the most widely deployed technology in the finance industry in the future, and its use in Oman's financial sector will have a significant effect.

2-Blockchain technology satisfies further administrators in Omani financial institutions.

3-Block chain technology provides opportunities to Oman's financial market.

6 Significance of the study:

The study's significance is that it quantifies the usage of blockchain solutions in the finance sector by the use of questioners allocated to three distinct activity groups (Management and organization, measurement and value, design and features). We assist them in Oman with financial applications such as BCBT applications that use Block chain technologies on the basis of an overview of four distinct variables (companies and industry, networks, merchants, consumers, and society). To highlight the challenges and dangers inherent in the use of this equipment. This thesis will aid us in understanding the constraints associated with this technology and its use in the potential development of the Sultanate of Oman.

7 Operational definition:

Block chain technology: It is a decentralized structure comprised of a database containing details that is time stamped and unalterable, and does not require the intervention of a central authority or third-party brokers. Distributed globally through computer networks. Additionally, it serves as the foundation for the Bitcoin currency. It is composed of three major components: the banking mechanism, the transaction registration system, and the authentication and storage system for the banking phase (Rosic, 2016).

BCBT Application: Bitcoin Block Chain Mission, A cutting-edge development that makes use of the same Block chain infrastructure as Bitcoin. It is used by businesses and manufacturing, by individuals and community, and by networks. To gather details, conduct trades, make money transfers, manage stocks, and execute orders using the Bitcoin currency.

Bitcoin: Block chain technology makes use of an encrypted digital currency that is used directly by two or more individuals without the need for an intermediary. It is therefore completely private, since no information is exchanged between them (Williams, 2018). The transaction is analogous to a code that is used to store information globally (client x has converted 5 Bitcoin to client p).

8. Sampling plan:

In this research we will use samples from some companies and some people concerned with this topic, such as programmers and those with interest in it. And some internet companies located here.

9. Data collection:

In this research, we will use survey methods to collect information from many sources. And get convincing answers as well as negatives and positives that are through Block Chain.

10. Plan of analysis:

This research will depend on the descriptive analysis method to get the real result from the real society. This method is known as a method describes the real fact from real life with real numbers and description. Also, it depends on charts.

Question:

A) In your chosen research topic, explain the above-mentioned content for your Research Proposal document

B) Explain which source helped you to choose your research topic.

C) Which category does your research project belong to? Why?

D) List the literature sources for your Research project.