Article Per Year (5 Year)
p-Index From 2019 - 2024
0.408
P-Index
This Author published in this journals
All Journal International Journal of Islamic Economics (IJIE)
Hazik Mohamed
PUTRA BUSINESS SCHOOL MALAYSIA
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Decentralizing Finance via Cryptocurrencies and Tokenization of Assets and Peer-to-Peer Platforms Hazik Mohamed
Jurnal Internasional Ekonomi Islam Vol 3 No 01 (2021): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v3i1.3128

Abstract

The rationale behind this research is to demonstrate the tokenization effects of the blockchain on all types of assets, and how blockchain technology might improve the way we view digital exchange and use digital money. The finance industry is progressing towards innovative solutions, capable of dealing with traditional problems and of increasing efficiency, sustainability and accountability. This progression may also address market failures within the economy. In our conceptual chapter, we provide a short discussion of the decentralization of finance and where we are today. We begin with the fundamentals of money and the evolution of cryptocurrency issuance from ICOs to STOs then to stablecoins like CBDCs. We then examine the concept of tokenizing various types of assets and deliberate on a conceptualization of a tokenized capital markets trading platform. To clarify tokenization and its benefits, we provide an example on the tokenization concept for agriculture and livestock in raising capital for small farms. Finally, we conclude discussions on concerns for privacy and security which emphasizes on self-governance, self-regulation and cybersecurity measures.
Co-Authors