Industrial Automation Magazine India

Blockchain Technology - Game-changer for Ease of Doing the Business

Published on : Saturday 18-07-2020

The objective of the conclave was to get an overview of Blockchain technology, its tools, open-source, platforms, and ecosystems that will help in practical application.

July 2020 – PHD Chamber of Commerce and Industry hosted a virtual conclave on Blockchain Technology Leveraging Business Innovation and Application with Mr. Arun Kumar Jha, Director General, National Productivity Council, Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India along with an august gathering of industry stalwarts. The objective of the conclave was to get an overview of Blockchain technology, its tools, open-source, platforms, and ecosystems that will help in practical application and use cases of Blockchain. It was to understand the legal and regulatory framework including Bitcoin and its implications. The conclave focused on getting institutional perspective on Blockchain-Enabled Platforms and its adoption in terms of Blue Print for adoption, implementation, and running Blockchain-based systems and to evaluate its integration with Emerging Technologies like IoT, AI, ML, Cloud, Edge, Fog Computing, Big Data, and Data Analytics.

Mr Arun Kumar Jha deliberated about the blockchain, the subject which needs an understanding by the industry. An industry 4.0 revolution that is taking place is a golden opportunity for the industry that needs to be adopted at the earliest. We have got low-cost automation techniques available that include machine measuring data that can be connected by all MSMEs to grow their businesses, said Mr Jha.

The conclave witnessed the deliberation of august industry stalwarts including Dr S D Sivakumar, Director, Agribusiness Development, Tamil Nadu Agricultural University; Mr Ryan Soh, Founder and CEO, Edufied; Mrs Shanthini Raja, Founder, Chairperson and CEO, Rsquare Technologies W.L.L; Mr. Surinder Kalra, Blockchain Expert, and Mr Rahul Kumar, CEO, EGW Capital.

The session was moderated by and Mr Ashish Aggarwal and Dr Jatinder Singh, Director, PHD Chamber. The virtual conclave witnessed participation of more than 290 industry stalwarts around the country. The session was supported by Master IoT.