Blockchain technology opportunities in Kurdistan, applications and challenges

Abstract

Recently, the blockchain technology has received a vast popularity because it brought revolutionary changes to some industries due to the fact that this technology enables the implementation of secure, decentralized and trustworthy applications. Moreover, this technology has many advantages over centralized systems such as immutability and transparency. The most common application of the blockchain technology is the Bitcoin cryptocurrency, which provides a method of transferring money in a secure way without the involvement of a central authority. In addition to the Bitcoin, there are other applications based on the blockchain technology in a variety of sectors and industries such as governance, healthcare and supply chain. In this paper, we discuss blockchain applications that can be implemented in Kurdistan and we highlight their opportunities and challenges.