The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to receive a positive evaluation from the World Intellectual Property Organization (WIPO) regarding the patentability of its groundbreaking Smart Stabilization System.
WIPO has acknowledged the Stabilization System as a novel, inventive, and industrially applicable solution, signaling its significant potential for international patent recognition. This favorable evaluation underscores the distinctive and innovative nature of IsDBI's knowledge solutions.
The primary objective of the Smart Stabilization System is to enhance the stability of organized asset markets without compromising efficiency. This is achieved by effectively managing the gap between supply and demand to mitigate price volatility while upholding the market-equilibrating role of this gap.
Notably, the System is forward-looking, distinguishing it from most other stabilization systems that typically adopt a backward-looking approach.
Dr. Sami Al-Suwailem, Acting Director General of IsDBI, expressed his appreciation towards the team's dedication and hard work, stating, "This recognition from WIPO not only validates our commitment to innovation but also positions IsDBI at the forefront of bolstering the financial stability of the digital and crypto-based economy."
The Smart Stabilization System holds significant potential for maintaining the stability of both financial assets and digital currencies, including Central Bank Digital Currency (CBDC), while making the best use of blockchain technology. Notably, the System is self-financed, with no need for substantial capital to achieve its objectives.
IsDBI has already taken a significant step towards realizing the potential of the System by signing an agreement with Settlement to develop a prototype. This collaboration marks a crucial milestone in introducing this innovative solution and emphasizes IsDBI's commitment to advancing financial stability through applying cutting-edge technologies.
For more information about the project, please contact Dr. Hilal Houssain at hhoussain@isdb.org
Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).
Social media handles:
Twitter (X): https://apo-opa.co/3G7Y7vR
Facebook: https://apo-opa.co/40OTYq0
LinkedIn: https://apo-opa.co/40LPb8T
About the Islamic Development Bank Institute:
The Islamic Development Bank Institute is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research and original economic analysis, human capital development, and knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on https://IsDBInstitute.org
Latest Stories
-
About 95% of PWDs in Obuasi have source of livelihood – MCE
6 mins -
Immigration Service intercepts 54 gallons of fuel
8 mins -
Election 2024: Roman Fada selected as flagbearer for Ghana Freedom Party
17 mins -
Bawumia to launch Ghana’s credit scoring system on Nov. 7
20 mins -
Alan to combat galamsey with strategic youth-centred business model
24 mins -
Agona Swedru chiefs commit to ending child marriage within their jurisdiction
37 mins -
Sunyani Traditional Council endorses Bawumia – NAPO government
40 mins -
Adutwum defends double track in Free SHS, citing research and positive outcomes
45 mins -
‘Prevent and condemn illegal pressure on Judiciary’ – AG to GBA
49 mins -
Mahama alleges biased development allocation by NPP
51 mins -
Do not rely solely on foreign investments for your operations, business told
55 mins -
Boeing strike ends as workers accept new contract
2 hours -
GAF will not relent in its quest to counter external threats – GOC Southern Command
2 hours -
Election 2024: Bawumia reiterates commitment to promote sustainable mining practices
2 hours -
Ensign Global College promotes health and community well-being at Ngmayem Festival 2024
2 hours