APPLICATION OF BLOCKCHAIN AND SMART-CONTRACT ON WAQF ASSET MANAGEMENT: IS IT NECESSARY?

Waqf assets are that can be utilized for the benefit of people. Currently, there many waqf asset management using internet-based Information Systems. However, database used by system is generally centralized, so it prone to data manipulation. Each entity has its data, causing differences between entities. This study aims provide concept Blockchain technology and Smart Contracts. The method a qualitative analysis with secondary from various kinds literature, journals, reports published government related agencies. concludes based on contracts facilitate assets, both movable immovable assets. In addition, increase transparency nadzhir, wakif, regulators minimize role such as Ministry Religion, BWI, BI needed create regulations support implementation Contract.