The growth of blockchain technology is changing the way people approach finance around the world. Key applications of the technology are being used to create new platforms and transform areas like commerce, art, and digital rights. Despite being created out of the requirement of establishing a safer economic system, the consensus-building aspects of the technology are proving to be instrumental across other key segments. A prime example of this phenomenon is emerging in the form of the preservation of the religious text.
This article will provide you with context on the importance of minting the Quran on the blockchain and how the process can make a major impact on faith-based communities in this new era.
For centuries, religious scholars and academics have struggled to find the right mechanism to ensure the authenticity of religious artifacts. One of the leading causes of conflict in religious communities has been alterations made in the texts leading to different interpretations.
In the Muslim community, the Quran is considered to be the sole undisputed religious artifact agreed upon by the entire community. Even though the transcript has been digitally stored across different sources, most of the management is handled by centralized authorities.
In this landscape, blockchain technology presents the optimal solution to mint an immutable version of the Quran that is accessible to billions of people around the world. The minting process also represents a monumental step forward towards peace and global union through the establishment of consensus.
The prospects of blockchain technology provide a viable solution to the challenge of having decentralized information storage. The technology ensures that immutability can be established. In simple terms, this means that the version of the digitally stored artifacts cannot be altered by anyone once the minting process is complete.
Establishing Broader Trust in the Blockchain
In its current state, blockchain technology has been mostly used as a financial tool. Most people are aware of cryptocurrencies as an alternative asset class. However, the technology has even broader potential in other segments. One of the most important elements of this change is to realize the impact blockchain technology can have on segments like religious communities.
Throughout the world, religious communities are serving as key pillars for charitable social actions. These communities are coming together to make a social impact through welfare programs, social rehabilitation centers, and spiritual learning. The usage of technology is also allowing communities to come together and explore diversity and peace through mutual engagement and shared goodwill.
Minting the Quran on the blockchain would allow millions of people around the world to know about the technology and become actively involved in using the technology. By contributing to the minting process of the Quran, the Web 3 ecosystem can expand by attracting millions of new users. The process can also pave the way for the minting of other religious texts and the creation of a broader faith-based digital ecosystem.
History of Islamic Information Storage — Importance of Consensus
For centuries, religious scholars have turned to the importance of consensus to verify the authenticity of religious teachings. Especially in Islamic history, the veracity of the Quran is directly established through the consensus of reputed figures throughout the Muslim Ummah. The Muslim approach towards the memorization of the Quran (Hifdh) has been established to ensure that immutable transmission of the transcript is ensured to newer generations in the past fourteen centuries. Blockchain technology is implementing similar principles to ensure the immutability of the Quran for the coming generations.
Using Technology to Preserve Teachings for the Future
Technology has embodied the fact that conventional methods of information storage are highly redundant in today’s modern era. Most religious communities around the world are still relying on paper-based storage methods to store critical religious teachings and share them with followers.
These legacy methods can cause significant issues for the preservation of critical information in the future. Millions of important historical documents and academic artifacts have been lost in history because they were stored using inefficient methods.
Minting the Quran on the blockchain provides context into how the technology can be used to preserve other critical religious teachings using technology. The digital nature of the storage would allow the information to be easily shared with billions of people online.
Shifting Away from Centralization
In simple terms, centralization means that access to critical information is retained by a single authority. The practice is extremely common in most religious organizations around the world. From the Vatican having complete access over the religious, historical artifacts of Christianity to other organizations that maintain control, centralization results in major challenges for people to access information. Across the global religious community, it has become extremely clear that maintaining information with a centralized organization can hinder academic research and understanding.
Shifting to decentralized storage ensures that the information is maintained in an immutable environment. This means that regardless of the circumstances, the information cannot be altered in any way by an external influence once it is initially minted. The process mitigates the risks associated with centralized storage where conflict has emerged as a result of alternations to original historical texts.
The Verdict — Opening the Doors to a New Era
Minting the Quran on the blockchain would open doors to a new era of faith-based innovation using blockchain technology. The digitalization of religious scriptures through the blockchain would allow billions of people to have access to religious teachings using model tools. The digitalization of the text would also offer future prospects to integrate the technology seamlessly on other platforms through the interoperability of the metaverse.
Minting the Quran on a decentralized blockchain would allow new applications to benefit from the teachings and spread the values of diversity, understanding, and peace to newer audiences through simple access. Platforms like Metakawn represent a transformative approach towards faith-based communities in the Web 3.0 world. With billions of people associating themselves to leading religions, it is clear that the prospects of the technology will have far-reaching impacts in changing the way critical religious artifacts are stored and shared online.
MetaKawn is focused on creating a diverse ecosystem to bring together faith-based communities and create a lasting precedent through minting the Quran.
You can contribute to minting Quran by holding a MetaKawn Huffaz Club NFT, the private minting will be announced during March 2022.