With the advent of W3C standards such as DID, VCs, and DPKI beyond 2020, the industry has reached a new level where a technological infrastructure overhaul is possible. By employing blockchain and other Decentralized Ledger Technologies, it is believed that we can eliminate the requirement for paper-based verification. Researchers are aware of the technological components we possess at present and are trying to bring forth their sets of POCs. Additionally, governments ranging from developing to developed countries are taking industrial initiatives that incorporate these technologies. This research also evaluates the latest events and cases to find the need for paperless verification. Previous development conducted in the domains of Information Systems and Public forensics has presented us with various issues at both infrastructural and user levels. It also introduced us to the presence of lots of gaps present that can be improved with a more improvised form of decentralized paperless solution. Researchers have pointed out that the modern day identity check and forensic solutions will face difficulties with blockchain compatibility, since most of those previous components will require built-in integration with a decentralized environment. As the latest researches suggest the key to this integration is now possible with the proper application of the W3C standards. In this paper, we propose an architecture that interlinks the latest decentralized W3C standards with a permissioned blockchain for implementing paperless verification and identity check.

Shariah-based banking aims to apply Islamic finance while adhering to Shariah principles. The primary distinction between conventional and Islamic finance is that Sharia law explicitly forbids several of the activities and principles applied in conventional banking. According to Sharia law, “Paying or charging an interest (Riba)” lending with interest payments as an exploitative practice that benefits the lender at the expense of the borrower, “investing in businesses engaged in banned activities" like producing and selling alcohol or pork, “speculation or gambling(Maisir)” That means financial institutions are prohibited from participating in contracts where the ownership of goods depends on an unpredictable future event, and Participation in contracts with a high level of risk or uncertainty is referred to as "uncertainty and risk (Gharar)", which are strictly prohibited. As a result, consumers must be aware of whether they are taking Riba, Gharar, Maisir or if their money is invested in a halal firm. Because of its qualities, blockchain would be useful in this situation. This research tries to determine how blockchain technology can be used to make investments and profit or loss returns more transparent, more secure, Immutable and sharia compliant. Blockchain networks can be utilized in the financial industry, such as banking, to provide safe sharia banking.