QATAR: Qatar Financial Centre (QFC) has launched a blockchain-based proof of concept (POC) through its Digital Asset Lab to advance technology application in Islamic finance. The initiative, developed with AlRayan Bank, Blade Labs and Hashgraph, will test a digital receipt system to improve transparency, efficiency and regulatory compliance in Islamic finance.
The system will run on HashSphere, a private distributed ledger built on Hedera technology and deployed on Google Cloud.
Categories:
Regulations & StandardsRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
