Iraq is a country that has been plagued by political and economic instability for decades and is currently facing a wave of protests against corruption, poor public services and foreign interference. In this context, some activists and entrepreneurs are looking for ways to leverage blockchain technology as a tool for social change and innovation.
Blockchain is a distributed ledger system that records transactions in a secure, transparent and immutable way, without the need for intermediaries or central authorities. Blockchain can enable various applications, such as cryptocurrencies, smart contracts, digital identity, supply chain management and more.
However, blockchain adoption in Iraq faces many challenges both technical and legal. On the technical side, Iraq suffers from frequent power outages, low internet penetration and poor infrastructure, which limit the access and usability of blockchain platforms. On the legal side, Iraq lacks a clear and comprehensive regulatory framework for blockchain and cryptocurrencies, which creates uncertainty and risks for users and…