Question: Abstract Study: Today, that world is developing day by day, there is a revolution in the world of technology and the internet. This Research focus
Abstract Study:
Today, that world is developing day by day, there is a revolution in the world of technology and the internet. This Research focus on new technology which is the structure of use Block chain technology in the financial sector on its services and transactions and others. To know satisfaction the future of Oman in this sector. We created BCBT application related with block chain technology to explore and discover on the financial sector as a starting point for experimental investigations. We believe that information about the use of Block chain technology can be obtained through use innovative application and then distribution of a questionnaire on four different variables with activities of this technology for get more information.
1. Introduction and Background of Study:
1.1 Introduction:
Recently, a new technology has emerged in the world that will change the future it is Block chain technology. Many companies and countries they are have applied and invested Block chain technology in the economic sector, the employment sector and the financial sector such as stocks, mortgages, bonds, futures contracts and other sectors (Reiff, 2020). United Nations said in the World Economic Report, "There are ten Block chain technologies that will revolutionize the future and the new Internet revolution"(Rosic, 2016) .At present it has become a revolution in the financial sector and its services that provided the chain of auditing and auditing of accounts for financial transactions without relying on an intermediary agency between the product and consumer platforms, among others (Reiff, 2020). . Whereas, at the beginning of 2016, the virtual currency (digital) was issued and invested in the financial sectors, and they studied the feasibility of the digital currency in this sector. Block chain technology organizers said, "There are major concerns about misunderstanding the technology and
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its application and will bring about change and negative impacts for the future (Mettler, 2016). However, there is still a gap in the literature about the use Block chain technology in the financial sector in the Omani context. This gap requires further investigation form the researchers to discuss the impact of using this technology in the developing countries.
This paper examines the impact of Block chain technology that is used in the financial sector. This study created BCBT application for the financial sector that uses Block chain technology as a starting point for experimental investigations. We believe that information about the use of Block chain technology can be obtained through use innovative application and the distribution of a questionnaire on four different variables. For get more information. First, Introduction to Block chain technical, the features that make it unique to change the world of financial services in the future, the mechanism of the technology and its main aspects, and what will Block chain do after showing the goals and the results achieved from its use.
Questions of the study
The research of study attempts to answer these research questions: 1- What is the impact of using Block chain technology in Oman financial institutions??
2-To what extent the managers of Omani financial institutions are satisfied by using Block chain technology?
3-What are the benefits returns of using Block chain technology in the Oman financial sector?
5. Conclusion:
In conclusion, block chain is a relatively new technology right now with many development to increase the benefits and decrease the challenges and negatives. Many companies and industries, platforms, brokers, users and society are started using block chain and take advantages of its benefits despite the challenges it faces from negatives of block chain. For example, some companies such as Overstock.com and Tesla have already started accepting virtual currencies that are based on the block chain. On the other hand, some of companies and industries, platforms, brokers, users and society are still not start to use because its usage losses could be more than the benefits if using it. For instance, it is still not apparent what the retail leaders such as Amazon and eBay would do with the cryptocurrency acceptance.
Q:
For your respective research project, write an example each for the different types of Closed
Questions.
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