Why I Voted for Algorand – II

In the first part of this series on why I voted for Algorand protocol for developing IBFx as the token of IBF Net, I underlined the trilemma of achieving scalability without sacrificing security or decentralization. IBFx is primarily designed as a social crypto that will capture the value created by contribution of efforts (volunteering) and of…

Why I Voted for Algorand – I

When the process of building IBFx – the digital crypto of IBF Net – began, it faced an immediate stumbling block. We had to choose our developers from a rather small community that were well-versed in Algorand protocol. I had to constantly explain to some why we should be using this protocol and not Bitcoin…

Promise of IRSHAD: The Intelligent Robo Shariah Advisor

In one of my earlier blogs, I had proposed a model on the use of artificial intelligence to undertake a valuation of waqf assets based on publicly available information. I am glad to note that IBF DigiLabs has now operationalized this model for India and plans to repeat the same for Indonesia. It is also…

IBFx: The Future Currency of Islamic DeFi

IBFx is being designed as the crypto currency of IBF Net: The Islamic Business and Finance Network. With the introduction of this currency, the network would witness a shift from an exchange of “views” to an exchange of “values” among its members. It is a landmark development for IBF Net, which is the oldest online…

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