The Potential of Employing Blockchain Technologies in Enhancing Operational Transparency of Iraqi Banks

This study examines the prospective integration of blockchain technologies to enhance operational transparency in the Iraqi banking sector. Despite the absence of actual blockchain deployment, the research adopts a foresight-driven, empirical approach combining literature analysis with survey data from 82 banking professionals. Results from statistical tests (including ANOVA and t-tests) reveal a generally low level of institutional awareness but a strong perceived potential for transparency improvement—especially when paired with a phased implementation model. Moreover, technological infrastructure and management attitudes were found to significantly mediate the adoption process. The study concludes with practical recommendations tailored to Iraq’s institutional realities and proposes a scalable roadmap for gradual blockchain adoption. These insights contribute to bridging the gap between technological potential and institutional readiness in developing economies.