Although the global Islamic economy industry has the potential of serving the world's muslim population and beyond, it's still in infancy stage coming up with a variety of challenges and development concerns.
Moreover, the intrinsic and supportive ecosystem is not established to relate Islamic economy in all its spheres, which should be in place to create a virtuous circle and to initiate a solid foundation for a prosperous, sharing, decentralized and dynamic industry
.In particular, from the perspective of halal food, an industry that matters to every Muslim consumer is long suffered with poor regulation for raw material, centralized monitoring system, inaccurate and non-authenticate halal products data, and lack of a globally reorganized Halal certification system, which limits the industry to realize its full potential.
There is no manual intervention during the automatic collection and uploading of product information in the supply chain that ensures accuracy of the data.
Based on the blockchain and smart contract technology, the product information data on the chain is unique and resistant to modification.
The platform data is ensured safely and reliably through the optimization of the PBFT protocol and separate deployment of the central node and enterprise node.
The cross chain data exchange and transmission between blockchain and consortium chain is realized through the adoption of cross chain multi-chain protocol.
The blockchain platform based on fabric and HalalChain could realize classified storage of the data collected by the IOT devices,
of which the consensus data would be stored in the blockchain, while the image data and product data would be
stored in the IPFS distributed storage system via the adoption of Meckel tree technology from Ethereum.
The core value of the IOT system is that the production information would be automatically collected and uploaded by the IOT device
to the blockchain platform without any manual involvement, which could safeguard the uniqueness and credibility of the data.
Could provide tracing and verifying services, as well as token
Sultan Al Howywel
Sultan Al Howymel is an entrepreneur, researcher and a professional financial consultant who have well managed several researches and projects in the field of banking, finance, technology, telecom and media.
Abdulla Han Guangyu
Graduated from Minzu University of China, Islamic finance and block integration researcher. Has 10 years of international business, investment and financing, and business entity operation experience.
Dr. Farrukh Habib
Dr. Farrukh Habib is a Sharia (Islamic jurisprudence) and Islamic finance expert. He is Researcher at International Shari’ah Research Academy for Islamic Finance (ISRA)
Saad Nottingham has a MBA degree from Trent University. He has multiple block chain project development experience.Major in blockchain technology development, artificial intelligence and Internet of Things
Prof. Abdu salam is expert in Islamic Economics and finance. He has great experience in both practical and Academic research in Islamic economics and finance.
Dr. Sulaiman Liu
Dr. Sulaiman is the Co-founder of Alsadiq Consulting Sdn. Bhd., the first Islamic Economy and Finance consultancy firm in Malaysia dedicated to the Belt & Road Initiative. He is also a frequent invited speaker of various International forums and events.
Founder of Qtum.
An experienced entrepreneurial professional bridging the gap between business and IT
Founder of Ethis Ventures, CEO at EthisCrowd.com, CEO at NusaKapital.com, and Chairman at Islamic Fintech Alliance
Founder of Australia's Silver Capital, Co-Founder of Hcash, and investor
Founder of My Outlets
Founder of SpaceChain, Partner of HQ Capital, and Founder of Jidian Information & Technology Co.
Founder Ink Labs Foundation
Non-executive Director of YMM (Mal) SDN. BHD.