The effectiveness of waqf administration is impeded by poor management of assets,opacity,and unstandardized reporting.Blockchain is expected to solve these issues due to its ability to record and trace every transacti...The effectiveness of waqf administration is impeded by poor management of assets,opacity,and unstandardized reporting.Blockchain is expected to solve these issues due to its ability to record and trace every transaction,allowing administrators to discharge their accountability to waqf stakeholders.While there have been numerous proposals for waqf blockchain,there is no explicit framework for the governance of blockchain in waqf institutions.We propose a governance of blockchain framework for waqf institutions based on IT governance dimensions and blockchain governance dimensions from the literature.The framework comprises three dimensions(formation and context,actors,and means of governance/decision making)that subsume eight sub-dimensions across three layers and three stages.We then apply the framework on a blockchain-based waqf organization to examine its usefulness.The framework is among the first to be designed for waqf institutions.展开更多
基金This research was supported by Fundamentals of Research Grant Scheme(FRGS)provided by the Ministry of Education of Malaysia with grant code:FRGS/1/2019/SS01/USIM/02/7 for the research titled“Developing A Blockchain-Based Governance Framework for Waqf Organisations:Toward a Sustainable Economic Wellbeing”.
文摘The effectiveness of waqf administration is impeded by poor management of assets,opacity,and unstandardized reporting.Blockchain is expected to solve these issues due to its ability to record and trace every transaction,allowing administrators to discharge their accountability to waqf stakeholders.While there have been numerous proposals for waqf blockchain,there is no explicit framework for the governance of blockchain in waqf institutions.We propose a governance of blockchain framework for waqf institutions based on IT governance dimensions and blockchain governance dimensions from the literature.The framework comprises three dimensions(formation and context,actors,and means of governance/decision making)that subsume eight sub-dimensions across three layers and three stages.We then apply the framework on a blockchain-based waqf organization to examine its usefulness.The framework is among the first to be designed for waqf institutions.
