Tag 'fintech explained'
Finance is a broad term it describes activities associated with banking credit Capital markets Investments leveraging all these different areas finding the word Finance covers and to make it even simpler you could say that Finance is all about managing money in the proces
Crypto assets can be used for currency it can be used for tokenizing assets, it can be used to record data they're completely valid for me it doesn't really make much sense if we say it doesn't exist because we're
The kind of understanding that we've had previously is money currency has to have physical nature. Many assume that gold is the currency of Islam which is not true gold is not the currency of Islam but
We can now begin to see more and more deployment of blockchain more and more use of blockchain so for example uh in the Islamic fintech space there is a company which is using blockchain to launch work projects so the work process end-to-end work is being managed on the blockchain the assets you know the traceability the recording the governance the distribution
What's really creating the Buzz in the industry and sector is these principles because blockchain as a concept is not the word blockchain it's what it stands for it's what it represents it's a difference you can make in businesses that's what is really appealing to people but how and what are the differences it's going to make it's through these...
blockchain is simply that it's some kind of software you can think of and it's running in the back end and it's helping something being performed and being executed and that's really what blockchain simply is and it's very simplistic form. Blockchains are not something physical it's not something you can touch but they are purely software they exist in strings of codes.