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