Entrepreneurial Ecosystems under Digital Disruption: Evidence from AI, Block-chain, and IoT Adoption in the GCC

The present study, therefore, aims to explore the major factors driving the adoption and implications of blockchain technology in the GCC economic block, highlighting the huge potential scope for the successful digitalization of the finance sector as well as the broader public sector. Using a panel data on the considered time range from 2015 to 2023, the analysis accounts for the extent to which factors such as the regularity aspects, dependency on oil, and the maturity level of Fintech ecosystems could influence the adoption of blockchain technology in the GCC countries, using the dynamic generalized method of moments approach, highlighting that higher-quality regularity is a major determinant driving the adoption of blockchain technology, while a greater dependence on oil negatively influences its adoption, offering the broader expectations for the GCC block emerging as a global innovation hub for Islamic finance, smart cities, offering valuable lessons for emerging economies. JEL Classifications: O38 ; G28 ; E42 ; Q55