Model dinar and dirham digital currency for Islamic commercial transaction

Cryptocurrency is predicted to have a bright future as a new form of
money becomes more popular. This research analyses the
potential disruption of cryptocurrency from an Islamic perspective.
However, this promising Islamic cryptocurrency has shifted from
non-asset backed to physical asset- backed of cryptocurrencies. We
proposed design implementation the most straightforward way of the
transaction with cashless wireless payments using one device
through Distributed Ledger Technology (DLT) of blockchain
technology. We use digital currency with underlying asset Dinar and
Dirham for a commercial transaction. However, the disruption of
cryptocurrencies may adapt Dinar and Dirham tokenization in
exchanging services in the conversion of fiat money into
cryptocurrency that complies with Islamic. Except comply with
Islam, it also needs a Special Purpose Vehicle (SPV) as a party who
guarantees the existence of assets. It concludes that the
intermediation function of third parties such a bank will be disrupted
in the profound shift of digital money based on Islamic
cryptocurrency