Blockchain Technology Developments for Sharia Banking
Arif Budiraharja; Nizar Alam Hamdani; Ratih Hurriyati
Universitas Pendidikan Indonesia; Universitas Garut; Universitas Pendidikan Indonesia
Abstract
The Blockchain system is a widely distributed database on the network, this technology has a significant impact on the business industry and financial services. The purpose of this research is to design a blockchain for sharia banks. The study was conducted on several Islamic banks in Indonesia. Based on the results of the study it was found that the blockchain design must be adjusted to the needs of banking users first and adjusted to the capabilities of the technology infrastructure. The existence of a blockchain can cause disruptive to human elements in the presence of distributed ledgers, therefore the transition of blockchain technology must be carefully planned.
Keywords: Blockchain System; Financial Technology, Sharia Bank.
Topic: Management Science