NS Solutions Private Limited, a leading blockchain software development firm based in Pakistan, Korea, and Singapore, recently announced a partnership with Trustedchain, a Saudi-based firm, to develop a financial literacy (FinLit) platform for the Islamic Development Bank based on artificial intelligence (AI) and blockchain technology (ICD).
An interactive financial learning management system with AI-capable chatbot help systems will be available on the platform. Users will be able to participate in a range of discussions utilising the AI-based chatbot on the new platform. In theory, the chatbot will provide context, answers, and related information to help students learn more effectively.
The FinLit platform is an all-in-one package that helps grasp difficult financial and investment words and related information. It is based on the idea of “offering financial education and knowledge to younger generations.”
Dr. Shakil Muhammad, Chairman of RNS Solutions, described the platform as “providing numerous modules from financial learning through hackathons, webinars, and tracking, to project exhibition.” For companies, each project will have tokenized equity, allowing investors to make safe and profitable project funding decisions.
Similarly, the new platform “has a sophisticated learning monitoring system that will guide the user through setting up goals, enrolling in courses, and developing in their own financial literacy,” according to Dr. Mohammad Alqarni, CEO of Trustedchain.
The much-desired FinLit platform is expected to transform how people throughout the world should demonstrate resilience in the face of financial adversity in the future.
For what it’s worth, the new platform promises to teach the next generation about financial decision-making, personal savings, and being adaptable in the face of historic economic downturns.