Blockchain and Smart Contracts in UAE Oil & Gas Construction Supply Chain

Abstract

A fragmented workflow, infrequent payment milestones, and unclear supply chains are some of the continuing problems, which complicate the contract administration in the UAE oil-and-gas construction sector. To examine blockchain and smart contract usage as a way to solve these issues, this paper reviews the literature on the topic, concentrating on the Technology Acceptance Model (TAM) as a framework that can be used to examine its use.The past research indicates that the perceived usefulness (PU) and the perceived ease of use (PEOU) play a significant role in predicting the intention of users to use new technology. They emphasize the need to be transparent and automated. Other barriers that are identified in the literature include regulatory uncertainty, system integration issues, and organizational inertia. Based on these results, we describe the prerequisites and the preconditions of successful adoption. These are regulatory clarity, clear policy frameworks, specific technical training and implementation roadmaps. This paper can provide practical advice to policy-makers in the supply-chain digitization sector and industry executives in the UAE oil-and-gas sector of construction by combining scattered studies.