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Moral and ethical foundations of BC and IE
In this blog post “Blockchains through the Lens of Islamic Economics” the author asserts that “the conceptual foundations of blockchain technology have a strong ethical dimension. It is usually associated with terms, such as, transparency, verifiability, traceability, immutability, all of which are bracketed with economically and socially ethical behavior. It is trust-inducing and involves consensus-building, that further underline its ethical roots. And its emergence in recent years is a response to the failure of many traditional institutions that are supposed to guard against fraud and unethical behavior. As such, it has strong merits when seen through the lens of Islamic economics, a discipline rooted in ethics and morality.”
Are you familiar with available literature on the this subject? You are invited to comment on the various examples in the blog to underline the common foundations of blockchain and Islamic economics.
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2 Replies
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These are beautiful points worthy of expanding upon inshaAllah.
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good explanation of islamic block chain
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This reply was modified 6 months, 1 week ago by
chilmy.
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This reply was modified 6 months, 1 week ago by
