Demystifying Blockchain!

With key expert  Shirish WADIVKAR , Managing Director Head, Payables, Receivables & Flow FX Transaction Banking Standard Chartered Bank

 Is there a real potential in the transaction space?

Blockchain as an industry is still in its infancy. Actually there are many different kinds of blockchains or “distributed ledger technologies” (DLT), and they differ in important ways. Public blockchains (e.g. cryptocurrency systems like Bitcoin) operate with shared consensus model, where the transactions are public. Just recently, “permissioned” systems have begun to emerge that add a layer of privacy based on permissions which provide differing levels of visibility of the transactions. These permissioned based DLTs can be designed to solve different business problems. A challenging development for financial services, government services, health and many other applications. Our key questions at GPS are:

How appropriate is Blockchain for payments?

  • Is Blockchain the sole solution for “trust”?
  • Should we reconsider the entire value chain of transactions?
  • Blockchain in present practices… What did we learn so far?

Join our program and be part of the discussion and deep-learning experience!

 

Shirish WADIVKAR
Managing Director Head, Payables, Receivables & Flow FX Transaction Banking Standard Chartered Bank

He has extensively worked in the last six years to deliver value added payment & collections propositions for both corporate and retail clients and currently heads product management globally for Standard Chartered’s Payables and Receivables value propositions. He is responsible additionally for the TB-FM joint program to embed and grow FX opportunities across Client propositions Shirish has 17 years’ of experience as a multi-region product management professional. He has been with Standard Chartered for over 12 years has worked in emerging markets of India, Sub-Saharan Africa and ASEAN. Creating and nurturing new franchise opportunities through Strategic Payment alliances have been areas of strength for him. A strong desire for creating the next generation of client centric payment and collections services motivates him. He leads the creation of many market leading products including the 1st debit card on a mobile wallet. He is an MBA from XLRI Jamshedpur, India and holds a bachelors degree in Industrial Engineering. He is married to an educator with a deep professional background in social work and together they are raising a 9-year-old son.

 

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