Blockchain in Banking - Application in Conventional and Islamic Banking
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This document discusses Infinity Blockchain Ventures, a blockchain consulting and development firm with over 300 experts across multiple offices in Southeast Asia. It provides an overview of IBV's education, research and development activities as well as its products such as Blockpass for identity services and Infinito Wallet. The document then discusses how blockchain can address pain points in Islamic finance like lack of traceability and introduces examples of how tokenized economies and smart contracts could enable P2P takaful insurance and trackable halal supply chains. It positions IBV as a dedicated blockchain support partner.
Blockchain in Banking - Application in Conventional and Islamic Banking
- 1. E-TAILING IN THE TOKEN ECONOMY
- 2. Infinity Blockchain Ventures is a dynamic consulting and development firm dedicated to providing practical blockchain solutions IBV is a member of a group comprising over 300 blockchain experts with multiple offices around South East Asia. Tokyo Singapore Bangkok Kuala Lumpur Hong Kong Ho Chi Minh Tokyo Singapore Kuala Lumpur Bangkok Ho Chi Minh Hong Kong
- 3. Education and R&D activity R&D office in HCMC, Vietnam (~300 blockchain developers) Research department with Taiwan Tech University Universiti of Malaya Blockchain University Labs (HCMC) Blockchain Textbook Blockathon and Hackathons (National) Conferences (Vietnam Blockchain Week) Enigma - blockchain contests R&D Events & community Outreach Overview of Our Network 8+ Countries Presence throught Asia 50+ Partners Media, Community, Strtups 5K+ Contacts A Global Blockchain Community
- 4. Our Products Blockpass Infinito Wallet Blockpass makes Cyber Identity real by offering shared regulatory and compliance services for humans, companies, objects and devices. The first Universal wallet for Digital assets in the world. Home to all leading cryptocurrencies, blockchains and tokens.
- 5. Our Products Wowtrace is a revolutionary blockchain-based traceability solution, it provides real-time transparency and immutable product information to customers regarding all steps in the supply-chain process Media platform targeted on Asia and SEA to foster Innovation, blockchain and education.
- 6. We Advise, Innovate, Transform and Deliver Advise on market landscape in Asia and emerging opportunities Creation of new decentralized and data-based models and products for the digital world Solution Architecture and Design thinking Development Support and Compliance Technology implementation roadmap of new architecture or existed solutions Innovation Workshops Innovation Labs (internal or external) We help your enterprise build a robust digital strategy focused on how emerging and disruptive technologies will impact your business and processes.
- 9. By interface there is no major difference between a blockchain-based product vs. a mainstream product *except for payment app Here is the Myth!
- 10. The magic is taking place behind the curtain! Blockchain is a shared database empowered by cryptography and decentralized network for unprecedented: Shared Ledger Network Cryptography Transparency Security Cost efficiency
- 12. Lack of traceability. Violation of Ethics and Standards Inability to maintain the security, hence fraud taking place. Centralized system data can be modified anonymously System integration is complicated, time-consuming and expensive Pain points in Current Islamic Banking Systems (Recap)
- 13. Token, Value Points, Loyalty Points, Voucher Token & Wallet KYC Smart Contract enabled Payment Tracebility How Tokenized Economy for Islamic banking looks like?
- 14. Islamic Finance/ Banking Example – P2P Takaful
- 15. Charitable Zakat – with Challenge: inefficiency, a lack of transparency in terms of how the funds are collected, managed and distributed Solution: Blockchain made the process trackable, auditable, and immutable, all of which are essential qualities of any successful charitable raise
- 16. Traceable Halal Supply Chain with Challenge: lack of standard, information and data sharing in the completion of halal certification and process Solution: Blockchain provides reliable data and increase trust in the halal supply chains; increase seamless and efficient halal process from source to point of consumer purchase
- 17. Your dedicated blockchain support! C_T_Dragon7 Cris.tran@infinityblockchain.ventures Cris D. Tran