Blockchain's impact on Islamic finance is limited. But not because the core principles are inconsistent, but because there are so many unanswered questions about the technology.
837 Views
Release time:2021-06-09
【 Font EnlargeNarrow 】
According to LiveBitcoinNews, blockchain's impact on Islamic finance has so far been limited. But not because the core principles are inconsistent, but because there are so many unanswered questions about the technology. Linking financial accessibility is one of the priorities the United Nations seeks to achieve, and significant progress is expected by 2030 at the latest.
One of the core tenets of Islamic finance is the efficient distribution of wealth. Using blockchain technology can play a key role in this. At present, the International Center for Islamic Finance Education is still building the necessary infrastructure. Another technology being explored is in the form of smart contracts, which Blossom Finance hopes to use to automatically issue bonds in the future. Other blockchain-related projects are also currently under development. This is a further indication that the future of Islamic finance may be closely tied to blockchain.
All the information provided on this website is for reference only and is not stock and securities investment advice. TYC Finance Limited does not assume any legal liability.