This morning, we announced the certification of Tezos, open-source platform for the digitalization of assets. With recession resistant abilities to design smart contracts that allow businesses, fund managers and banks to build Sharia compliant assets – it’s now time to fill you in on what we’ve been working recently, and how we’re tackling the future of decentralized peer-to-peer networks with Sharia compliance.
Enter the Tezos protocol, a blockchain which has the ability to host digital asset class that we hope will move the Islamic industry forward. The protocol’s on-chain governance system, Proof-of-Stake (PoS) consensus algorithm, and ability to facilitate formal verification of smart contracts, makes Tezos an ideal long-term solution for high-value financial applications such as digital securities. We’ve previewed and certified all features related to the protocol so as to ensure the platform is compliant to Sharia principles.
From our earliest days of advisory, our aim has always been to build and support innovative asset classes for everyone, applying unique Sharia insights to help clients tackle big problems. That’s just as relevant in today’s decentralized digital world. We believe by providing platforms like Tezos open-ended Sharia consultation, they can innovate, and reach companies around the world and put the power of Sharia compliance in their hands—no matter what investment objectives they have, where they are based or who they are.
So here’s to the Tezos digital asset class revolution. We can’t wait to see what comes next!