Istanbul Blockchain Week gets a seal of approval from HAQQ (Islamic Coin), an ethics-first network committed to empowering individuals and fostering sustainable decentralized finance. As the title sponsor, HAQQ will bring to the forefront ESG-forward and Shariah-compliant advancements within Web3, celebrating a culture of inclusivity and social responsibility. Istanbul becomes the epicenter for the convergence of technology, finance, and Islamic values.
IBW and HAQQ
a globally anticipated event, has announced its collaboration with HAQQ (Islamic Coin) to promote the creation of a fair and ethical decentralized financial system. HAQQ will be the title sponsor of this year’s event, showcasing IBW’s strong commitment to technological innovation and financial inclusion while respecting principles of inclusivity and social responsibility.
The cryptocurrency industry has made its mark in Turkey, with Istanbul becoming a hub for Web3 enthusiasts. Many small businesses in the region actively engage in cryptocurrency transactions, finding cryptocurrencies a practical solution to counter inflation. By hosting the event in Istanbul, IBW symbolizes ethical practices in cryptocurrencies and investments, representing an inclusive and decentralized future, bridging the gap between Europe and the Middle East. Furthermore, the event highlights the importance of connecting global communities, facilitating the exchange of knowledge and ideas to promote sustainable development of blockchain technologies.
Alex Malkov, CEO of HAQQ, expressed the team’s excitement in being part of the event, acknowledging IBW’s dedication to promoting a community of fair, transparent, and future-oriented projects. As HAQQ seeks to promote ESG (Environmental, Social, and Governance) change and Shariah-compliant principles in Web3, they emphasize intercultural collaboration and inclusivity.
Participants in Istanbul Blockchain Week will have a special opportunity to take part in a workshop organized by HAQQ, focusing on the exploration of sustainable and ethical blockchain infrastructure. HAQQ’s participation as the title sponsor reaffirms IBW’s commitment to technological innovation, financial inclusion, and values that hold fundamental importance in Islamic and Turkish cultures on a global scale. With the support of HAQQ, the event aims to promote an ethical and inclusive decentralized financial system, empowering individuals, businesses, and communities worldwide.
About HAQQ
HAQQ is an ethics-first Layer 1 (L1) blockchain that focuses on sustainability and brings together developers, validators, open-source contributors, and Muslim innovators in sustainable finance. At the core of HAQQ’s ecosystem is its native asset, Islamic Coin. The platform is built using the Cosmos SDK, which allows for the seamless deployment of smart contracts from other EVM (Ethereum Virtual Machine) chains, making it compatible with existing Ethereum-based projects.
The primary goal of HAQQ is to create a fairer and more sustainable financial system, and it achieves this by striking a balance between Shariah-compliant principles and cutting-edge blockchain technology. One of the innovative features of HAQQ is its Shariah Oracle, which serves as an on-chain registry of Halal Certificates. These certificates assure compliance with Islamic principles, ensuring that the activities and transactions on the network align with Shariah-compliant guidelines.
To maintain ethical standards within the network, HAQQ ensures that its users can only interact with whitelisted Shariah-compliant decentralized applications (dApps). This restriction minimizes the chances of unethical or Haram (forbidden in Islam) activities taking place within the platform, promoting a more virtuous and principled blockchain ecosystem.
By combining the principles of sustainability, Shariah-compliance, and advanced blockchain technology, HAQQ aims to provide a reliable and inclusive financial infrastructure for users seeking ethical and sustainable solutions in the blockchain space.
For those interested in learning more about HAQQ, they can visit haqq.network to explore further details about the platform, its technology, and its mission to promote ethical and sustainable finance through blockchain innovation.
