The event showcased the latest developments in AI and Web3, and explored the intersection of these technologies with Islamic finance.
Istanbul Blockchain Week 2023 saw the convergence of Islamic finance and Web3, with the main stage hosting speeches, workshops and a hackathon focused on promoting ethical finance and sustainable development.
The event, which took place on Aug. 22 and 23 at the Hilton Istanbul Bomonti in Istanbul, was a strategic decision, according to Erhan Korhaliller, founder and CEO of EAK Digital. The sweltering Dubai summer heat makes hosting mid-year events there challenging. So the organizers targeted Istanbul as a cosmopolitan substitute conveniently near the UAE.
The event showcased the latest developments in AI and Web3, and explored the intersection of these technologies with Islamic finance.
IstanHack hackathon's focus centered on addressing Islamic finance needs. With a target market of 1.9 billion people, many in this community feel unserved by traditional banking given restrictions on interest. More than the prize money, the hackathon aimed to inspire young talent to build beyond typical DeFi offerings.
One of the key themes of the event was the potential of blockchain technology to promote ethical finance and sustainable development.
The event was attended by a diverse range of participants, including blockchain developers, investors, and representatives from Islamic communities. The event provided a platform for these stakeholders to exchange ideas and explore potential collaborations.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
