Blockchain Technology and Halal Certification: Issues and Developments
Nasir Mehmood (),
Muslim Shah and
Hamid Faisal
Additional contact information
Nasir Mehmood: Government Postgraduate College
Muslim Shah: Government Postgraduate College
Hamid Faisal: Government Postgraduate College
Chapter Chapter 1 in Emerging Technology and Crisis Management in The Halal Industry, 2024, pp 3-14 from Springer
Abstract:
Abstract Blockchain technology has emerged as a transformative force across various industries, offering unprecedented transparency, security, and efficiency. This chapter explores the application of blockchain in the context of halal certifications, addressing the challenges and opportunities associated with the intersection of blockchain and the halal industry. The halal certification process, which ensures products adhere to Islamic dietary laws, is a critical aspect of the global halal market. However, the current system faces issues related to transparency, traceability, and fraud prevention. Blockchain technology presents a promising solution to these challenges by providing an immutable and decentralized ledger that can securely record and verify halal certification information. The chapter delves into the specific issues within the halal certification process, such as fraudulent certifications, lack of real-time verification, and complex supply chain management. It then examines how blockchain technology can address these issues by creating a transparent and tamper-resistant system, enabling consumers and stakeholders to trace the entire halal supply chain from source to end product. Furthermore, the chapter discusses the development of blockchain-based halal certification platforms, exploring existing initiatives and their impact on enhancing the integrity of halal products. It also analyzes potential challenges in the adoption of blockchain, such as regulatory frameworks and technological barriers, and proposes strategies to overcome these obstacles.
Keywords: Blockchain; Halal certifications; Transparency; Halal industry; Technology adoption; Issues and development (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-1375-2_1
Ordering information: This item can be ordered from
http://www.springer.com/9789819713752
DOI: 10.1007/978-981-97-1375-2_1
Access Statistics for this chapter
More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().