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Blockchain Blossom Finance Bonds, an Indonesian finance company reportedly trying to adopt blockchain technology to finance social projects that are fully compatible and compatible with Sharia.
Blossom is a commercial financing platform that wants to boost social benefits. The intention is to create or grow profitable businesses that will generate livable incomes. Microfinance institutions are community led and operated banks that provide different banking services to communities in need. source
This project, known as Smart Sukuk, will be built on the Ethereum blockchain and smart contract and focus on legality and payment of obligations It is reported that the company also plans to adopt blockchain technology in other social projects, such as green waste disposal and expansion of hospitals that are in line with Sharia.
Blossom Finance's main idea is to target the Islamic market, which is not too friendly with projects that are not in accordance with Sharia. Therefore, obtaining compliance will allow companies to work in many countries that can block it if the company is not in accordance with religious law. source
Source Refference:
https://bitcoinexchangeguide.com/blossom-finance/