Blockchain, Cryptocurrency and Ethical projects
An Ethical Finance, Accountability & Governance Seminar.
Blockchain has huge potential to improve the accountability and auditability of transactions as well as improving the governance of organisations. Blockchain is a peer-to-peer network with a decentralised distributed database that provides an ever-expanding and an immutable ledger of transactions. The primary attribute that has resulted in the growing popularity and potential prediction of complete overhauling of the financial ecosystem through its employment is the dissolution of the need of an intermediary to transfer assets.
The efficacy of this revolutionary technology transcends beyond the financial sector heralding the dawn of a new social and economic order. The differentiating factor between blockchain and other decentralised peer-to-peer systems that were in use before is that it runs on the principles of cryptoeconomics. This talk will focus on the meaning of cryptoeconomics and give an explanation of blockchain, cryptocurrency and ICO’s from that perspective. An ethical outlook will be given wherever available. The discussion will conclude with the case study of a decentralised application for donation-based crowdfunding of ethical projects.
Nida Khan is the developer of two pioneering technological tools for the Islamic finance industry. She is currently pursuing an industrial PhD in blockchain and data analytics for traceability in finance from the Interdisciplinary Centre for Security, Reliability and Trust (SnT), University of Luxembourg. The PhD was initiated by ConexCap, as a part of an ongoing process to contribute to creating a digital Islamic finance platform that utilises emerging technologies, especially blockchain to provide low-cost and traceable Shariah-compliant solutions to all segments of the consumer base. The research proposal by her won the prestigious FNR grant for the entire duration of her PhD. This grant is given by the government of Luxembourg for innovative industrial projects. She is contributing as a team member of Masdin, an associate team between the University of Luxembourg and Inria, France for management of software-defined infrastructure. She is currently a team associate in FintechLab, Canada headed by Dr. Richard Marc Lacasse.
She is also an advisory committee member of HydraLab, a Quebec- based innovative venture providing services related to enterprise-grade blockchain. She is also contributing as a technology consultant to an upcoming Fintech initiative in Mauritius. She writes regularly on topics related to blockchain with a special focus on the technology’s contribution to the Islamic finance industry. She holds dual master’s degree in Computer Science and Islamic Finance. Her work appears in diverse news magazines and international journals. She has spoken on emerging technologies at various events. Her recent achievements include developing a blockchain-based decentralised app for Zakaat and developing a management plane for data-filtering and monitoring of Ethereum smart contracts.
Lunch will be served from MHL 427 for those who sign up in advance.