Qatar Financial Centre advances blockchain uptake in Islamic finance
Qatar Financial Centre has rolled out a proof of concept to facilitate the uptake of blockchain technology across Islamic finance.
The Qatar-based business hub will demonstrate a blockchain-based digital receipt system to bolster transparency and regulatory compliance in Shariah-compliant asset-backed finance.
The system will operate on HashSphere, a private distributed ledger technology (DLT) built by software company Hashgraph, utilising Google Cloud infrastructure, in collaboration with QFC’s Digital Assets Lab, a statement said.
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