hrf

Banking on blockchain


FUTURE PLANNING:
Speakers, including
Dinesh Patnaik, Lord
Jitesh Gadhia and
Alex Shelkovnikov,
attended the event
FUTURE PLANNING: Speakers, including Dinesh Patnaik, Lord Jitesh Gadhia and Alex Shelkovnikov, attended the event

EXPERTS DEBATE TECHNOLOGY AT INDIA HOUSE LONDON EVENT

LEADING Indian bankers led a panel discussion on blockchain technology at an event in London last week. 

India’s deputy high commissioner to the UK, Dinesh Patnaik, chaired the event, titled Blockchain 101: Crypto and other Applications. 

Speakers included Lord Jitesh Gadhia, Ved Sen of Tata Consultancy Services, Alex Shelkovnikov, who formerly led eloitte’s UK Blockchain business, and Jeremy Millar, chief of staff at ConsenSys. 

The discussion was organised by the Indian Young Professionals Network at the High Commission in London.  

Deputy high commissioner Patnaik provided an overview of the sector and said the Indian government has built a task force to apply blockchain to different industries. 

Lord Gadhia detailed the characteristics of money and stressed how crypto currencies were at the crossroads of mathematics, technology and economics. 

Sen, digital evangelist at TCS, gave an overview of how blockchain works, drawing a parallel with the double entry book keeping system that originated in 16th century as a means to record transactions. 

Shelkovnikov formerly led Deloitte’s UK Blockchain business and is recently an investor at Semantic Ventures, an early stage venture capital firm focused on decentralised technologies. He now advises the Ukraine government on the applicability of blockchain/ cryptocurrencies. 

Millar is a founding board member of the Enterprise Ethereum Alliance described blockchain as a global revolution spanning across industries, and said it was a huge disruptor to old business models. 

Manav Gupta, managing director, Goldman Sachs and co-founder of IYPN, introduced the event. He urged members to be a part of India’s growth and said the organisation aimed to discuss new technologies, among other things.