Impact of Blockchain Strategy and Information Sharing on Digital Operations: Empirical Evidence from the UAE Banking Industry

Using empirical evidence from the banking industry in the UAE, this paper investigates blockchain strategy implementation and the impact of its information sharing on digital operations. The implementation of a blockchain strategy and information sharing to improve digital operations mark the first attempt to contribute to banking sector research. A conceptual model was created and verified with empirical evidence and existing literature about blockchain, information sharing, and digital operations. To gather information, a questionnaire survey instrument was created and distributed to supply chain managers. Seventy-seven companies from a range of industries contributed the data. Data analysis for the study included both exploratory and causal approaches. Regression analysis was performed to measure the hypothesis. Implementing a blockchain strategy significantly impacts digital operations; information sharing is also noted as significant in improving digital operations. Recent research has established a connection between the proposed variables and their implications. This can be revised by examining more geographic areas. Additionally, it has been discovered that not many studies on the banking industry take a blockchain perspective. Blockchain experts, IT developers, and bankers can place their trust in the blockchain network, track all transactions, confirm them, and lower the risks associated with credit and capital management. Quick transaction settlement with intelligent contracts can increase digital operations and business efficiency.