{"id":8568,"date":"2021-03-30T07:44:05","date_gmt":"2021-03-30T05:44:05","guid":{"rendered":"https:\/\/ditech.media\/?p=8568"},"modified":"2021-03-30T07:44:05","modified_gmt":"2021-03-30T05:44:05","slug":"sanat-bhat","status":"publish","type":"post","link":"https:\/\/ditech.media\/wdw\/sanat-bhat\/","title":{"rendered":"Sanat Bhat"},"content":{"rendered":"

Blockchain SME at IBM , Thailand<\/p><\/blockquote>\n

My first venture was inspired by the idea of making medicines affordable and accessible to everyone. My friends and I built a digital platform on Blockchain technology to make the idea a reality and named it as Credible. Uganda\u2019s National Malaria Healthcare Program used Credible for providing 1 million malaria patients access to low-cost medicines at their National Medical Stores. This helped Uganda reduce the malaria deaths from 7500+ in 2017 to 3500 in 2018. I sold my venture to Ajanta Pharma for $1.2 million<\/p>\n

In January 2020, I joined IBM Thailand to kick off the Blockchain unit. Thailand taught me the art of applying \u201cknowledge of right traditions\u201d for managing a team with diverse cultures and winning deals in a complex market. Today, we are a unit delivering platforms for the Central Bank of Thailand and the National Banks to achieve financial inclusion for 7 million Thais below poverty line.<\/p>\n

I have a dream that 2+ billion low-income groups get easy on-line access to banking and social security.<\/p>\n

Session:Achieving Financial Inclusion with Blockchain transformation<\/p><\/blockquote>\n

Banks are becoming technology companies themselves and applying the huge data generated to best use cases. I believe that the data being created with each of these Banks are a jigsaw puzzle to the real value that can be created in the economy. The right understanding of the very concept shall trigger widespread application of Blockchain in fintech.<\/p>\n

The epicenter of the Banking ecosystem is the Central Bank and when they plan to build a connected digital infrastructure for the country the need for Blockchain technology will be natural. I believe Thailand had a great understanding of this idea, way early in 2016. The country is building a financial infrastructure on Blockchain technology with a three-point goal of:
\na. creating a unique trade record
\nb. creating unique retail and corporate ID in the country
\nc. provide trusted digital infrastructure for payments & trade finance<\/p>\n

These are essentially first principles of achieving financial inclusion & this is exactly what I want to communicate as part of the session.<\/p>\n

Learning outcomes:<\/h3>\n
    \n
  • Application of Blockchain technology in Fintech\/li>\n
  • Application of digital transformation to achieve Financial Inclusion<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Blockchain SME at IBM , Thailand My first venture was inspired by the idea of making medicines affordable and accessible to everyone. My friends and I built a digital platform on Blockchain technology to make the idea a reality and named it as Credible. Uganda\u2019s National Malaria Healthcare Program used Credible for providing 1 million …<\/p>\n","protected":false},"author":2,"featured_media":8614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[272,275,276],"tags":[],"_links":{"self":[{"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/posts\/8568"}],"collection":[{"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/comments?post=8568"}],"version-history":[{"count":1,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/posts\/8568\/revisions"}],"predecessor-version":[{"id":8569,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/posts\/8568\/revisions\/8569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/media\/8614"}],"wp:attachment":[{"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/media?parent=8568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/categories?post=8568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ditech.media\/wp-json\/wp\/v2\/tags?post=8568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}