This paper offers real-world insights from the UAE blockchain ecosystem to provide decisionmakers with the awareness of challenges and success factors they may face during blockchain implementation. As part of its efforts to analyse the local blockchain landscape, this paper provides a detailed analysis of 7 case studies and surveys over 100 stakeholders from more than 60 various governmental and non-governmental entities across the country actively exploring or implementing blockchain. The primary purpose of the survey was to understand the maturity of the ecosystem and the relevant challenges and key success factors at hand.
The aim is not to provide a definitive or exhaustive list of answers that can be applied to each project. Rather, this paper serves to raise awareness of the common challenges and success factors encountered by others in their blockchain deployments. As decision-makers globally develop their own blockchain solutions specific to their unique pain points and business needs, it provides insights into what issues may arise and the possible solutions to maximize the value of their projects while minimizing the potential risks.