Islamic Research and Training Institute Partners with Samsung-backed Blocko's E24P to Launch Blockchain-based Smart Credit Management Platform to Boost Islamic Finance Sector
The Smart Credit Management System will be based on smart contracts on the Aergo blockchain.
- The Smart Credit Management System will be based on smart contracts on the Aergo blockchain.
- Allow creditors to reduce credit default rate to improve overall business performance and accelerate efforts in areas of financial inclusion.
- Integrate siloed functions in the financing process including credit reporting, credit rating, credit history, and credit insurance to reduce costs and improve efficiency.
- The Islamic Research and Training Institute (IRTI) is a Member of the Islamic Development Bank (IsDB) Group dedicated to knowledge creation and dissemination in Islamic Economics and Finance.