Pakistani IT industry is rising at a rapid pace and making its presence felt on a global scale. Recently, one of the leading blockchain software development companies RNS solutions from Pakistan, Korea, and Singapore, announced to collaborate with a Saudi-based firm, Trustedchain. The main purpose of this partnership is to develop financial literacy (FinLit) platform, which will be based on artificial intelligence (AI) and blockchain technology, for the Islamic Development Bank (IsDB).
A Pakistani Firm ‘RNS Solutions’ to Develop Block-Chain Based Platform For IsDB
The FinLit platform can be considered as an all-in-one package that assists in understanding complex financial and investment terms and related stuff. Furthermore, the platform is based on the idea of “providing financial education and information to younger generations.”
The FinLit platform will come with an interactive financial learning management system with AI-capable chatbot support systems. Under this new platform, users will be able to take part in a number of discussions, using the AI-based chatbot. More precisely, the chatbot will render context, answers, and other similar information for an efficient learning experience.
On this behalf, the Chairman of RNS Solutions, Dr. Shakil Muhammad said,
The platform will provide various modules from financial learning by hackathons, webinars, and tracking, to project exhibition. Each project will have tokenized equity for startups and enable investors to make secure and profitable decisions regarding project funding.
Simultaneously, the CEO of Trustedchain, Dr. Mohammad Alqarni elaborated that the new platform “includes a detailed learning tracking system that will guide the user through setting up goals, enrolling in courses, and advancing in their own financial literacy”.