The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Artificial Intelligence and Blockchain-Driven Islamic Capital Markets
Abstract
New innovative digital and advanced technologies are transforming the way we access and use existing financial products and services. Fintech is becoming disruptive more and more by latest and advanced technologies such as blockchain, cloud computing, big data analysis, Internet of Things, robo-advisors, and artificial intelligence. This chapter discusses the crucial innovation, structural and institutional development for financial technologies in Islamic Finance. The blockchain proposes a new operational design, where all actors within the capital market can work from common ledgers, with collective datasets in almost real-time, and supporting operations which are more streamlined. The system will also incorporate fraud-detection and compliance enhancements, where applicable. This conceptual chapter also assesses the key features of the AI and blockchain architecture and protocol developments. It identifies areas where AI and blockchain can bring substantial transformational change, while at the same time, identifies some of the major barriers to adoption within the capital markets.
Related Content
V. V. Devi Prasad Kotni, Sujit Kumar Patra, Sunil Kumar.
© 2024.
21 pages.
|
Adekunle Alexander Balogun, Gbenga Olorunmade.
© 2024.
15 pages.
|
Ashwani Sharma, Nitpal Singh Rathod.
© 2024.
15 pages.
|
Peterson K. Ozili.
© 2024.
11 pages.
|
Yusuf Olatunji Oyedeko, Adesola Trust Gbadebo.
© 2024.
15 pages.
|
Oladapo Fepetu, Pelumi Abdulmalik Adewumi.
© 2024.
21 pages.
|
Rifkatu Nghargbu.
© 2024.
16 pages.
|
|
|