Mohanad Alsadoun
Research Subjects
Mohanad Alsadoun has a total of 1 co-authors. Here are the top co-authors by number of shared publications:
- Bechir Fridhi
Department of Financial Management, College of Business Administration, Majmaah University, Al-Majmaah, 11952, Saudi Arabia
1 shared publication
Latest Publications
- Open Access
- 15 July 2025
- Published by UK Zhende Publishing Limited Company in Lex localis - Journal of Local Self-Government
- Vol. 23 (10) , 1539-1554
ASSESSING THE INFLUENCE OF BLOCKCHAIN TECHNOLOGY AND EMERGING DIGITAL INNOVATIONS ON SAUDI ARABIA'S FINANCIAL SECTOR: CHALLENGES, OPPORTUNITIES, AND FUTURE PERSPECTIVES
The integration of blockchain technology and emerging digital innovations is reshaping the financial landscape in Saudi Arabia, offering both opportunities and challenges in the context of Vision 2030. This study aimed to assess the adoption readiness, regulatory environment, and stakeholder perceptions regarding blockchain in the Saudi financial sector. A mixed-methods approach was employed, combining stakeholder interviews, SWOT and regulatory framework analyses, and international benchmarking. The findings reveal a significant disparity in adoption between fintech startups more agile and innovation-driven and traditional banks, constrained by regulatory ambiguity and infrastructural limitations. Notable opportunities include enhancing financial inclusion, improving cross-border transactions, and reducing fraud through transparency. Quantitative analysis indicated that fintech startups show a 75% readiness rate, compared to 45% among traditional banks. The study also modeled scalability constraints and identified a legal gap in blockchain regulation. The research underscores the need for clear policies, technological investment, and institutional collaboration to enable large-scale blockchain deployment. These insights contribute to policy recommendations for financial transformation in Saudi Arabia and provide a comparative outlook to guide similar economies.
- 15 July 2025
- Published by UK Zhende Publishing Limited Company in Lex localis - Journal of Local Self-Government
- Vol. 23 (10) , 1539-1554
Open AccessASSESSING THE INFLUENCE OF BLOCKCHAIN TECHNOLOGY AND EMERGING DIGITAL INNOVATIONS ON SAUDI ARABIA'S FINANCIAL SECTOR: CHALLENGES, OPPORTUNITIES, AND FUTURE PERSPECTIVES
The integration of blockchain technology and emerging digital innovations is reshaping the financial landscape in Saudi Arabia, offering both opportunities and challenges in the context of Vision 2030. This study aimed to assess the adoption readiness, regulatory environment, and stakeholder perceptions regarding blockchain in the Saudi financial sector. A mixed-methods approach was employed, combining stakeholder interviews, SWOT and regulatory framework analyses, and international benchmarking. The findings reveal a significant disparity in adoption between fintech startups more agile and innovation-driven and traditional banks, constrained by regulatory ambiguity and infrastructural limitations. Notable opportunities include enhancing financial inclusion, improving cross-border transactions, and reducing fraud through transparency. Quantitative analysis indicated that fintech startups show a 75% readiness rate, compared to 45% among traditional banks. The study also modeled scalability constraints and identified a legal gap in blockchain regulation. The research underscores the need for clear policies, technological investment, and institutional collaboration to enable large-scale blockchain deployment. These insights contribute to policy recommendations for financial transformation in Saudi Arabia and provide a comparative outlook to guide similar economies.