Institutional-level adoption cases for Blockchain technology are cropping up everywhere. The most recent announcement comes from Saudi Arabia, where the Islamic Development Bank will use Blockchain-based financial platforms to reach out to Muslim customers.
The Islamic Research and Training Institute is seeking to create platforms that are sharia-compliant via partnerships with Ateon and Belgium-based SettleMint. According to the announcement:
Global adoption growing
Recent announcements from other governments have indicated that Blockchain technology is making inroads into a variety of national and institutional arenas. The recent release of MasterCard’s B2B Blockchain technology-based payment platform indicates a widespread beginning for the adoption of Blockchain technology into various aspects of the financial sector.