ISSN: 2222-6990
Open access
Dubai has witnessed a great development in its economic sector and a massive volume in its financial services, so simple operations become more complex. Therefore, Blockchain Technology (BCT) has been implemented in the department of Finance (DOF) in Dubai government. Based on this, the objective of this research is to evaluate the internal control system (ICS) under the use of BCT. In order to achieve this objective, the data in this research was collected by using qualitative approach thorough conducting the interviews with focus group consists of heads of departments, accountants, and auditors. The collected data was analyzed by using the Analytical Hierarchy Process (AHP) and Analytical Network Process (ANP) (Hamdan, 2013). The following are the most important findings of this research. First, designing an effective and strong model to evaluate the effectiveness of ICS. Second, the Blockchain implementing strategies has a significant role on evaluating the effectiveness of ICS. Third, obtaining a standard percentage of the effectiveness of ICS under the use of BCT which is 72% to be used in the future research.
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In-Text Citation: (Hamdan & Al-Mahasneh, 2022)
To Cite this Article: Hamdan, M. N. M., & Al-Mahasneh, N. M. (2022). Evaluating the Effectiveness of Internal Control System under Using Blockchain Technology: Evidence from Dubai Government. International Journal of Academic Research in Business and Social Sciences, 12(9), 1258 – 1280.
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