Project summary
We worked to introduce a specific sukuk deployment running within the Ethereum consensus environment with a shariah compliant mechanism. The fundamental framework of Sukuk is represented by using four basic components which will support sukuk structuring fundamentals. In addition to that, distributed ledger technology will empower the deployment of sukuk to obtain the common criteria between the nature of sukuk and smart contract, such as, security, flexibility, scalability, and decentralized nature of transactions.
Implementation
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“Smart contract, a tamper-proof and self-executing protocol on blockchain, instantly controls the transfer of digital currencies or digital assets between different parties, under definite circumstances.”
Alexander Greenwood
Company owner
Results
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