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Blockchain PoS

A more detailed proposal was shared in late 2017 with few central banks and companies in the Middle East, but no action. Now, MasterCard is preparing to offer a solution to protect the identity of consumers at the point-of-sale: “People lose money from their credit cards in a mysterious way just because someone duplicated the […]

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Banks & Fintechs: Adversaries or Partners?

“Financial technology or “FinTech” describes the use of new and disruptive technology in financial services.” FinTech is not a new concept, but part of an evolution. Western Union used the telegraph technology to transfer money as Back as 1861 in USA.  Banks are responding to the FinTech threat by either acquisitions, partnerships, or rejection and […]

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Blockchain for Islamic Finance

Blockchain is a revolutionary technology which has the potential to disrupt various sectors, but has not yet gained the mainstream acceptance it deserves, partly because of its first application, bitcoin, which has soaked up headlines with negative news.  Despite the hype, Blockchain offers true value to many industries including Islamic finance.  The convergence of Blockchain […]

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Blockchain Enabled ATM for Secure Access

There’s no question that cardless ATMs are an improvement over current cash delivery systems, and they’re naturally more secure and convenient. But, when will we see cardless ATMs that authenticate users over a closed-loop Blockchain network? Dr. Husam Yaghi designed for Ateon a Blackchain-based system by which users are securely authenticated when accessing a participating […]

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Saudi Women and the Blockchain

Saudi Arabia is transforming socially and economically.  Recently the ban on women driving was left among several other initiatives to encourage women direct participation in the transformation of the country. Globally, the percentage of women involved in Blockchain and cryptocurrency is far lower than that of men. Some researchers blamed it on the natural difference […]

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Patients Health Records Management

Health records of patients start with proper management of their identity. Identity is a foundational element of all blockchain work in Healthcare. Identity solutions have the capability to solve problems in today’s marketplace, while providing structure for tomorrow’s blockchain-based marketplaces. As we look toward a future state, securing the cornerstones of identity and reputation will […]

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Amazon is a threat to banks

Amazon is a threat to banks — just not in the way you think by: TANAYA MACHEEL | AUGUST 28, 2017 • Amazon is disrupting banks, but not because they’re stealing customers; because they’re becoming more and more dependent on public clouds like Amazon Web Services • Amazon may not want to displace banks that […]

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Blockchain – part 1

Blockchain’s applications are still being determined, but the ability to facilitate transactions without the need for a central authority, combined with the speed and cost benefits, are among the features that have so many interested in the technology. With the use of smart contracts, business rules can be applied that can facilitate transferring anything of […]

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