Blockchain Adoption Growing Exponentially across Industries: How to Build the Expertise?
Hi, thank you. Good evening. Thank you for joining us today. My name is Julia. I am the Senior Director for admissions at talentsprint. And I'm going to be taking you guys through this small presentation that I have. And as you can see on the screen, the agenda of it is also we're going to be joined by one of our alums. Sumit. He's the founder and CEO of zero blocks. So he's going to be joining us as a part of this session today. Now, what I'm going to talk today is not so much about the, you know, the very technological part of blockchain, so to speak, but I'm going to be talking about opportunities in blockchain because something that I've seen is that a majority of us know about blockchain, but we are not aware of the extent to which block chains can end or they are in, you know, they are they are kind of influencing businesses and how businesses
function. So I'm going to be talking a little bit about me doing research. Generally around blockchain, I got a tech guy per se, but we'll be doing research around that. And that's something that I'm going to be talking about and you know, kind of give you about the kind of opportunities that she was working professionals will game if you were to undergo this program, little bit about myself, I have spent my entire life advising professionals beat students weed working professionals, towards making better career choices, so to speak up so before this, before I joined talentsprint I was the lead for admissions for the Indian School of Business where I lead admissions for the PGP program, which is the flagship MBA program, as well as the PGP max program which is the flagship program for senior executives. Before that I have with your son bed. I used to
Brad I used to help organizations design recruitment strategies, leadership identification strategies, people, people who would lead
important functions in the future. I have had the privilege of working you know, in those six years that I spent that person with almost 30 to 40, fortune 500 companies, many of companies here in Hyderabad which are which are big recruiters, have their recruitment processes have actually been designed, me and my team over there. So, you know, so all my life, I've been helping professionals helping people make better career choices. So that and that's the polling which I am here to talk about. And this just happens to be, you know, something or to do with blockchain today. So that's what we're going to be doing great. It's a one hour long session that we have, I have some slides which will kind of talk about the opportunities and then we will have some our alumni
Joining us sometime around 6pm is what I've been given the stand, we are going to have a small interaction with him. And then we will be taking your questions. And we try and answer them together. So, again, this is a talent sprint demo program. I am part of talentsprint. So if any of you don't know about talentsprint Well, we we work with top academic institutions. And we deliver programs, deep tech programs, which help professionals
upskill themselves stay more relevant in their jobs. And this is something which is very important these days. We look at it because we are in a stage where thanks to the pandemic, everybody seems everybody is very cagey about that everybody is unsure about what is going to happen. And trust me, the biggest thing most people look at, you know, well my job be secure or not, and that's that's a very valid thing to ask. But the fact of the matter is, most people don't realize
lies that is that an investment in upskilling yourself is the best hedge against a job loss. And this is something that I have seen across the more than decades that I've spent in human capital consulting or advising organizations on this. So the best way to not become obsolete is to upskill yourselves. And and there's been enough studies it unfortunately that something that's just a very nascent thing in India right now. But if you were to look at it, when and this I remember from the last recession, the great one that came, you know, the the meltdown financial meltdown that happened in 2008. Post the Lehman Brothers crisis in the US,
there was this, all MBA schools in the US that year and the year after in 2009. They got record applications. Why was that because people in the us realize that upskilling yourself during the time of a pandemic
Make will give you new skills which will make you less redundant, which will not make you obsolete. So that's something that's very important. We are going through a similar face. It's a much worse, you know, situation right now. So we provide these kinds of programs. So today, I'm going to be talking about the triple ID program, the blockchain program that we've been running very successfully. But we also work in other deep tech areas like the IIT Kanpur, we have a cybersecurity program, again, a very contemporary topic. Thanks to the pandemic work from home right now with Indian Institute of Management, Calcutta, we have a FinTech and financial blockchain program. That's more from the management side of a program that's there. Then we have an AI and marketing program very much program doesn't a program like that doesn't exist in India at the moment. Then we are launching a global economy in digital money and then a missionary on finance etc. And that's been that has concepts of blockchain and it as well. So that's a new program that started with is he launched the first digital health and imaging program in India, Korea.
program again. So that's where we work with organizations. We work with the company's top end, global leaders in their fields, in terms of upscaling college students in their technology. So we have you know, Google as a partner, we run the WTF program for women, for future Women Engineers and tech makers, automation anywhere blue prism etc. So we we are primarily looking at upskilling people. Now, I'll come down to blockchain today, which is, which is the focus of our discussion today and my presentation today now teaches shared ledger technology. I probably not spend too much time on the definition of blockchain. If you can read it up. I'm sure most of you would be aware of it, primarily blockchain. And most people think that you know, it's just some industries where blockchain is used. The biggest one probably which people know and unfortunately fortunately and unfortunately,
The journey of blockchain in India has been tied to Bitcoin, because and cryptocurrency so to speak. And Pac blockchain is much more than cryptocurrencies that say most people think that blockchain is about cryptocurrencies mining and all of that. That's the that is the first large scale usage of blockchain. But that's not the only thing. It's anything where there's a record when you need validation, where, you know, this is why I'm showing this picture of a ledger over here. Anything that needs to be authorized, authenticated in a digital world
will require blockchain and any, it's, it's one thing that will, that will, I would say that would kind of be the core at the core of digital relationships in in the new world and the New World Order that's coming in. I'm going to be talking about a lot of the industries where, you know, you may not be knowing where how blockchain is used. I'm going to be talking about that.
So, if you want to formalize or any digital relationship, blockchain has a user that if the data is dynamic, and you need a dynamic data to be audited, you have blotching, which can help sort that out.
The data that should be controlled by a centralized authority, you would not want that to be kind of available. It should not be it should be, it should be a central secure registry. blockchain is the way for you and you want all these transactions, all of these authorizations to be done quickly. blockchain will be at the core of this and increasingly that's happening. I've been looking at opportunities, which have been coming up in blockchain. We've had and again, this isn't going back to the Bitcoin part of it since in March this year, I think just one or two days after the initial lockdown got announced the Supreme Court of India can
came up with this landmark ruling whereby they said that, you know, blockchain bitcoins, you can trade in Bitcoins. And before that there's a huge amount of interest in blockchain. If you did Google Trends and all of that, as the interest in bitcoins and cryptocurrencies were going up, blockchain was going up as well, after the DVD, the central government and the Reserve Bank of India other
kind of coming intervene, you know, banding back for some time that had gone down, but then after that, it's again gone up. And that's something which is very interesting because it actually gives you enough opportunities, it gives you a hell of a lot of opportunities, which were never available to you as, as as a professional
to kind of build expertise in this very niche area. You should also understand this that Ms is data science, ai ml is our buzzwords which is which is everybody
Once you get into that every company has data science, Ai, ml projects, they need data scientists, etc. It's the hottest technology that's around. Now the hottest technology for you to do that. If you know that great if you don't, what's happening is that with the volume of professionals that are coming in the market is getting very crowded.
From a risk mitigation perspective, from a career point, if you were to look at that
blockchain is something which is to have any niche technology in the sense that companies are still not getting the kind of trained talent that they need, who has either one they can code and we can create the blockchain from a developer perspective or two from professionals who know how to translate business requirements into
a solution to blockchain. So from from
learner from a potential learner perspective from an opportunity that's available to you, blockchain is a much more less competitive opportunity. Hence, should you look at blockchain
you will not have to fight with a much larger crowd to get through. This is just one slide in terms of you know, whatever is happening in terms of blockchain. I'll just talk about China since, you know, blockchain and we'll be talking about this relationship with
Bitcoin, Chinese. The Chinese central bank was the is the first central bank to have started DC VDC or a central bank issued digital currency. So now there's a digital Yuan that is there, which is underpinning on which is which is created on the blockchain it's it's a it's a cryptocurrency it's a it's a central bank issued digital currency, which is, which is there just come out, I guess about a month, month and a half back
United States is considering issuing a digital currency with the federal reserve of us. So is the case with Mexico, you may in the future, nobody knows you may find a digital version of the rupee coming out very soon. So that's that's something that's there. You know, you have things you have you have countries which are working on, you know, to create
investment solutions you have.
In Australia as I'm not mistaken, you have the Australian Stock Exchange working on that.
You have industries and you have companies which which which are providing solutions for across the board beat education fmcg I have a you know, a laundry list of such cases I'm going to be talking about, but if you were to look at it was again a Business Insider intelligence. This was at the end of 2018 report that came out
rightly speaking because again, with with with FinTech coming in cryptocurrencies and all financial services has been pulling ahead in terms of blockchain. But other industries, it's again a huge opportunity for professionals for IT professionals. You're in expertise. If you were to pick up something in blockchain with the fact that coupled with the fact that it is something that can be used across industries, that makes you a lot more mobile. So from your career perspective, this is great. You know, you can move to any company you don't probably need to be working in a so to speak it company only.
How does blockchain for businesses work? You know, it allows broader participation, lower cost, it increases efficiency,
shared ledger, again, everything that is that is that needs to be recorded gets recorded across the business day.
Which is a part of the shared ledger is shared between all the participants that are there. It's permission so that you know only people who who have the keys
they are able to access the record, they are able to me and they are able to modify if it's required. So that's there in terms of smart contracts, businesses will get into smart contracts where the business rules will be defined in that contract, you can't change that will be in embedded with blockchain. so that it becomes almost impossible to to change or liquidate that contract. It's verifiable cycle in codec, so security part of it is there, and everybody knows, you know what to do. So in terms of you know, you have these bond transfers, that's one example of how smart contracts are working. There are hundreds of other examples that are there.
organizations need privacy. So Peter writes a ledger. The transactions are privates. The identities are not visible.
But they're authenticated. And thanks to cryptography, DDD transactions are completely secure and private and it's even though they're private, they need to be validated. So, cryptography gives the layer of of security to the the transaction, it also allows the transaction to be validated. So, you know, you have all have you have the you have these private blockchains you have the public blockchains and you have the validation of it which can which is something that cannot be copied which cannot be broken and hence, you have a you have a system which allows you to work which allows you to authenticate transactions, which which was never possible before. And if you look at it, the world is getting connected, I mean, at this point in time, even though there are some undercurrents of organizations wanting or can't
He's looking at you know, there's a trade war going on etc, etc. These are things which will pass. So what happens here? So I'm just talking about some use cases that is there now letters of credit. Most organizations, inter, you know, countries, companies that organizations that work across geographies, they use letters of credit. Currently, it takes a lot of time to execute letters of credit. And the letters of credit are, it is possible to fake letters of credit, the biggest, you know, the most famous ones are nirav Modi and the pnb scam, that is their, he was able to issue fake letters of credit and he swindled away so many thousands of crores worth of rupees from the Punjab National Bank and other and the consortium of other banks. If If blockchain is done and there is there is enough research that's going on in terms of blockchain being implemented for issuing letters of credit, you untie it through Bob blockchain. This will not be possible
All counterparties who are being issued the letters of credit the blockchain will immediately be able to point out it will not allow any kind of, you know, any kind of false entry so to speak to to happen. So it increases trust, it reduces frauds, it also reduces cost and time. The calculators of credit, if I'm not mistaken if I remember, you know the data correctly, it takes around seven days to 14 days for letter of credit to be issued and to be validated the process to be completed. You can do that in just about a day. So that's this is kind of a finance case use case again, corporate debt bonds, companies when they issue it, blockchain will be able to provide the record it's a common ledger for recording whoever has bought corporate debt etc. And, and it is available to corporate clients, vendors, everybody something like an island.
probably would not have heard if you are aware of that. It speeds up payments. You know, it eliminates most risks of the debt going bad, everybody's aware of what is it and everybody is aware of the risk. There's still risk that's always there, but then you can spread out the risk because you are aware of statistics,
business to business contracts, all businesses, everybody gets into contracts. Now.
Everybody all the contracts, you can actually smart contracts will provide a verifiable track record. Both buyers, sellers, financers banks, logistic partners, other shareholders they need to have that their
every thing becomes very transparent because again, like I said, you can't change what is happening in a blockchain. So it provides much more trust. It provides speed of work.
And it provides trust and it creates a lot more trust in the system. So this is again one use case. Let's talk about another use case of a smart refrigerator and kind of moving from business etc to a product based thing.
Most of our devices these days are connected you have smart air conditioners smart TVs, anyway smartphones are there.
Everything is connected these days, your smartwatch. Now
you have these smart refrigerators that are there you have smart devices that are there which can which can probably if you're running low, and that's that's how it works. If you're running low, if your milk whatever example let's say milk, you're running low on milk, the system will be smart enough
to understand, you know, the fact that you're running low on milk and it's going to be
connecting to others.
Tinder, and your milk will get replenished, somebody will come and deliver. Now the fact of the matter is, it is. Any smart device is liable to be hacked, unfortunately. So blockchain if you were to do that and sending and you know, if you have that connected device, if it gets hacked, you will probably not trust it enough to be able to execute payments on your behalf to be able to order stuff on your behalf. And for somebody to come and deliver that to your house, because if you are, if you're not sure that the credit card or the payment information that you've provided in in the system, if it's not secure, why would you do that? And that's that's natural human tendency in the developing. Now, blockchain will be able to if you were to have this on underpinning blockchain, it would be able to give you that trust because the system would not be its blockchain is virtually unhackable, so to speak. So if done
Is that which is underpinning the the orders that are going out to the interactions that are happening with the, with the with the external world and the payments that are happening, you can then be rest assured that it's a system that works. So, from an efficiency perspective, it will help from the effectiveness in terms of you know, supply chains and all of that that will also help. And from a trust perspective, it helps supply chain I mean every organization which is into production, which which, which, you know, other than service companies do have a supply chain that's there in place. Now, supply chain is one of the biggest users of users of blockchain
and and D the opportunities that are there are limitless in terms of supply in terms of what we could do. Now imagine a situation right now.
We you are
Company x is your company x orders raw materials from five countries, all these raw materials come in to India, then it's transferred to probably the heartland maybe somewhere in Maharashtra, Tamil Nadu
and then it goes to the factory services come in things are ordered over there value is added, it is then exported back to maybe 15 countries.
Now, the export the export can be in the form of raw material after value addition, which is basically it will become an input item for some other country, maybe 10 other countries, the output of this is used as an input for the next step. And five other countries probably they add for the value and we send it out as finished.
Now, all of this means there's a huge logistical nightmare that is going on. You do not
We are not able to track where is the ship, what is the quality of the item that is sent if it's a perishable item that is there, if you want to make something out of that, nobody is able to understand where it is what is going on. Now, blockchain if you underpin that on on this, it will actually give you a verifiable trail of where your raw materials are coming from what what is happening once the value add has happened and and what is where are the the various the output whatever is going on whatever has happened as a result of that, where there are things and then you know again very different industry and aircraft maintenance, very complex, very complex situation you have hundreds of thousands of parts in in aircraft, you need to ensure that parts are in top condition box
So, there is a date there are there are dates by when things should be used consumables etc. blockchain will be able to help you completely revolutionize become the current systems because nobody per se owns the entire thing it's it's the system which gives you checks and balances and which ensures that the manufacturer is has visibility on what is required the final users which in case is the aircraft maintenance companies and the F and the airlines they have visibility on what is available at what point in time at which place it as available. So, they can bank they can you know plan their aircraft maintenance should do much better. government regulators they will be aware of what is going on with you and the classic case of the the new engines which the Airbus A 388 80 or ac 30. The engine stat will be determined with new engines, new engine
That were powering Indigo lights, they had these problems, a lot of it was because of a faulty part in the engine. Now, that's a technology side as well in terms of a design side, but then there is availability, but nobody knew when stuff would be available. Not that blockchain would have been able to solve the entire thing, I'm just using that as an example. But then it can definitely add when understanding what it is games online gaming, and kind of at the end of,
you know, these these scenarios, I mean, I could keep on talking about, you know, probably around 1520 or more industries be fmcg consumer goods, retail, all of that have uses of blockchain but I see that we've also been joined by so much so I'm gonna I think this is going to be the last in terms of the the industries that we have for the day to day, everybody, you know, you can actually use blockchain based tokens
to have your game owners
The game players and infrastructure providers talk to each other. There is no intermediary, it increases trust, and it helps promote the industry as a whole. Yes, IoT healthcare. I mean, there is there is this huge scope that's that, you know, Jonathan has put that out there is huge scope because if you look at it, healthcare security, you have companies filing patents, you have drug research discovery that's going on, you have smart connected devices that are there, all of that
can be used and can be secured with blockchain.
And all of this you know, and I, you know, if you can spend the whole evening probably talking about the use cases and more use cases will come up as we go. So I will not talk so much about that. I like to throw in
Right soulmate. Hi, Samantha, how you doing today? Hi, Rachel doing good, how about you are good as well thank you so much. Thank you for joining in. I know that it was a pretty short notice for you to join us and I am really thankful that you decided to take up this offer and, you know, help us with having a very good conversation today about it. It's always a pleasure to be a part of diligence, like so. So just tell us a little bit about yourself. You know, before we I had some lady, you know, basic questions that I asked you know, why you wanted to do the program etc. will come. But just tell us a little bit about yourself, what have you been doing? You've had, I believe around 15 odd years experience in the IT industry, so just help us a bit of spoil and introduction. Certainly, thank you so much. When I am so met and got around to opinions or experiences
The it side. Somehow I managed to be a software engineer and was a developer for for the first year of my career, and then moved into business consulting, strategy consulting solutions. And all. After 13 years or so into it. Then last two years of my experience into the corporate world, I was into auditing, wherein as a part of audit and compliance, I came across GDPR and blockchain before even the GDPR was launched, right. So that got me interested into blockchain. And there I signed up for the course was a part of the batch to have to play it and talentsprint blockchain program. And postwhich. It gave me enough ideas and all like where I should be heading to. And today, I've started a startup. It's a small one yet to grow back. But yes, I mean, thanks to the course on on currently to the startup arena and the startup mode. Right. So zero blocks that's the startup right? Yeah, yeah. Okay.
So just tell us a little bit about zero blocks. What does it do? What led you to you don't move from, you know, your auditing roles and the and the other roles into into zero blocks? Well, before I could answer this maybe what I would like to also talk about is the point like blockchain is a kind of a program wherein irrespective of whichever background you are from, maybe you are a developer or a business consultant, or into advisory, each and every role would add some value to a blockchain solution. So it's not only like a developer could be a part of it, or as someone
from consulting should be a part of blockchain. A front end developer is also as much important as an architect in a blockchain field. Absolutely. So
yeah, so having said this, I always had this
inclination towards real estate and getting connected to the ground
level or I always wanted to see like whatever solution site are connected to the ground rather than the virtual solution that we given the usual IDs space, right? So they're by and in the classroom sessions and on the different kind of
examples that we had in the class the discussions we had in the class there were so many ideas floating up right from finance to
supply chain, then origin and so many things, then I thought, why not I blend both of it together and get into real estate space wherein we are working on fractional ownership, or maybe fractional investment in real estate. Okay, interesting. So any person who would like to invest into real estate space even with like couple of flags, they can be an owner in a particular property and be a part of the growth or be a part of the growth where and you get good returns in terms of capital investments. Absolutely. Okay. Interesting and
I believe between the your party second cohort, or between into the fourth cohort there being some for startups that's being launched every year I'm like, and to be very frank, even though we call it like a startup and all, most of the the beauty about this particular program that I've seen is because out of six members, three are from the same cohort that I'm into, I'm from, so even the team gets developed up there. It's like you interact with people. And then you have common goals people have like, maybe it's not like everyone has the liberty to quit their job and get into the sphere full time. So three of my batchmates on batch two, they are working with me but officially they have been tagged as advisors due to their current engagements. Right. Right. Excellent. Yes. So in terms of So You said that, you know, in the last part of it when you were in the last couple of years, when you got exposed to
When you were auditing, you looked at blockchain gaming, you got close to GDPR, and all of that. But why did you decide to take up blockchain? Because most people, you know, at that point in time to I mean, this would be what, two years back almost two years ago, two years ago. I mean, even now I know, even now many people are not aware of or, you know, the usual thing that we get when we talk to a lot of people is, you know, data science is hot, he is hot. blockchain is not that hot, so to speak. But at that point in time, what made you think of upskilling yourself in blockchain?
To be very friendly did a couple of small things that people would relate blockchain to the first being like blockchain is all about crypto, which is not okay. The second one is blockchain. If you get into blockchain, then you have to change the entire solution. Again, that is not you need not change the entire architecture. Even with a small change in an existing architecture. You could get your data on blockchain. You could go
huge savings, you could improve the process. The third one which got me into the schools was as a part of GDPR there is a rule where if a customer says like delete my entry,
then banks irrespective of the compliance of the land or the law of the lands will have to delete the entire entry of the individual. Yes. So, that was quite interesting and challenging for us, wherein I felt like if there is a data into the system of GDPR and that has to be deleted when the other side blockchain says we cannot delete the entry or we cannot change entry and how do we come up with a solution for this, right. So, that was the tipping point point for me and to get into the space. And to be very frank pose this program I had many offers from PwC and all for this particular role. But then I taken a tough decision that I will be saying goodbye to a corporate
For at least for a few years, and if I do not succeed, then let me go back. Yeah, I'm sure like auditing and blockchain is a real good thing or a bad combination. Yes, absolutely. And and I think, I mean, I don't see any reason why you wouldn't succeed. But yeah, there's always a fallback option. It's important to know blockchain. Well. Yeah. And it's not that crowded a space probably as an AI ml, or data scientists are in India, fortunately or unfortunately, that's one thing and the other thing is if you look at it, if you look at all the continents and alders,
what do you say? Just all those research papers and all these kind of thing? People are really picking it up like blockchain is like, coming up. Maybe that is bad news. Like the yesterday there was a huge cry that Indian government may stop blockchain crypto trading. But as it was, I mean, as I said, initially, crypto is just a part of it. But the real beauty
In the blockchain solutions, like how do we take the things up and there's a huge potential for it. Now, there's a huge upside. Absolutely. I mean, you just talked about PwC POV vi n Alia. Yeah, we were talking to one of the other big fours in this space in the auditing space. And that and Dave, they have a huge training on blockchain. They are really ramping up, you know, projects on blockchain advisors on blockchain people who could advise so it's it's, it's a great opportunity for people and that's, you know, we want people to kind of understand
the entire crypto bit from when they look at blockchain. So yeah, that's that's very well put. Yeah. So when you wanted to do your blockchain, when you were looking at blockchain programs, did you consider any other program other than the transparent program? Were you looking at anything else was the What were you looking at?
What what I'll be very frank with you
I do check a few other Institute's as well, right or I could zero on it. Because practically speaking for any individual, it's a huge investment, whatever we are talking about when we add one for a course, that's from a human tendency that I'm talking about it. The second thing I looked at is like I come from a business consulting background, so I did not want it to get my hands very dirty in coding, right, but eventually, I had to as a part of training and talentsprint. So that was really good for me.
Right. And the third thing is, when I had a look at the program, and every the cost structure and on it's a perfect blend between the business the use cases, the kind of discussions we had in a team there were like virtual team. So those were created people used to work together. And then the roles were defined and we used to work on like different kind of concepts where and maybe I was more concentrating on the business aspect of it, the team members were working on the technical part of it. So it was end to end solution
Another thing that I would like to add for the benefit of everyone is See, I mean, this course, if you look at it, because it's a complete blend of the technology, business and end to end understanding, it's very good for the person of each and every level of his career. For example, a person with 10 plus years of experience, can look at it like a complete end to end architecture on end to end product that he would be designing in his carrier. Whereas a person with couple of years of experience can think like, okay, I'll just work on a small module of it. Maybe I'll understand the end to end feature, but again, the scope of business would limit to a particular segment operate very and as I said earlier, it also depends on the kind of industry like for example, ASAP now they are getting into blockchain. If you look at Oracle, they are getting into the databases side. Microsoft is already Facebook already. So you name up a company, a large organization they're already doing. Absolutely.
Yes, and it's just growing I mean use cases for blockchain, there are probably we haven't even figured out all the use cases of blockchains in the market that will come up. So I do not have the time and flexibility for currently, I can just think about five different use cases that I can start working on what I do not have a flexibility of the team and funding and also,
of course, I mean, that's, that's the great part about this right now. It's It's such a great inner, I mean, it's such a technology that that allows you to you know, you know, use it anywhere and we have not even probably scratched the the peak, you just probably at the top of it. Just at the beginning of it, I would say not even any Oh, absolutely. So yeah, I mean most cases I wish people looked at this as an opportunity. That's that's one beautiful advice that I always have because we have our viewers only advise people so they finally have to take this call and I was just talking about this.
At the start of this webinar also about opportunities that people have and why we should look at blockchain, just coming down to, you know, how the program is structured. I know that this time, you know, we've had a change in terms of the curriculum we have, we've added a couple of more modules around that which is, which is a standard, you know, lifecycle meet lifecycle refresh across the programs. But when you were there, what was what how was probably a typical class held you had, you know, I know that you had, it was a mix of management, the, the theory side of it, and and the practical decoding side of it. It's just run us through a little bit about, you know, in terms of how classes are structured, the kind of interactions that we had with the faculty, and, you know, triple ID as an institution, the faculty who are teaching.
Yeah, one point I would also like to add was like, when I signed up for this course, there was also about the triple it branding that we get so even that was a unsaid word
leverage on data. Sorry if I put you in a spot. No, absolutely. I mean, I mean you, it helps you.
Okay, you update your LinkedIn profile and all it really helps you even when you connect with people, Okay, excellent. So, so, that was also a positive. I mean, that was also a point when you when that was a differentiating factor, I would say, right when I signed up for this course, like coming back to whatever we had in the class earlier then they were like, I just keep it short and brief.
The program started with the various kind of theory sessions from the reply the professor's talking about the various technology and the kind of
technology or the understanding that's behind the block.
t nanoil. Then they started with crypto. Now when we talk about the learning from the AAA professors, I mean, I cannot forget Dr. Canon or professor pendant talking about zero knowledge proof. I mean, no
As explaining so well about it, and I'm sure 95% of the people in the class, I mean, what vote for it. So I mean, that's absolutely something out of the world. And then we come up to the different sessions like the crypto understanding why crypto is necessary and all because that is where it all began the blockchain journey itself. And then, when we used to talk about various use cases, hyper ledger aetherium, we had industry experts talking to us. And then we had white writing white papers, then we had the real time business use cases. I remember there were like, six or seven use cases that were distributed, then one for hyper ledger, one point aetherium. So we had in total 12 or 13, real time use cases. Then again, if you look at it, there were white papers that we had to talk we had to talk about various presentations or something. And there was also very interesting sessions where when, when we were talking about something that we would have
If you're 2025, or you're 20 2030, where and we had to foresee what could blockchain actually transform the world into? So that was quite interesting when we are talking about things that are not really in place. And that helped us to think big, rather than whatever the technological limitations we had
an order. Yes, that was really good. The major thing that I would talk about or how this program would help us is fine well and good that we have triple it professors, we have experts like Sony Charlie helping us in the class we have
the main from, take care of would be taking the classes plus we had people who are in the lab to help us everything else said, but the differentiating point I would talk about is the audience or the blend of participants that we have in the class. True because we have it right through a person who is like one to two years of experience to someone who is at the rank of CEO and who is managing three
goes into 4000 employees. So our batch at least had that liberty, the I mean, our batch had that blend of people. And then we had guys from pharma industry who had never into coding then we had people from the law side, again, who are never into coding. So that was my point when I talked to initially like blockchain is the space that open for everyone. It's not only that it's limited to a particular person or particular industry, or a developer or tester or anyone that's open for each and every person. Whatever be your technology, there's something for you. Absolutely. And I hit so this this question I think it makes sense to I'll take a couple of questions from the audience. ashati is asking how about people with zero knowledge in development who are totally new to development and coding, but have 10 years of business experience?
How will this program help them? I think that's that's the, is there something in the program for them?
Absolutely, as I was talking about all this while c four
For example the person who was from the law side or the farmer sides so if your person from the industry from your business industry maybe I just like to take an example wherein you are from Bank let's not even get into the banking side which is very much into it. Let's go to someone who is from Parma or let's go to someone who is from
the aircraft the example that you talked about the Boeing spare parts and all that the maintenance of air aircraft let's get into that. There are people who are into the spare parts of Electra, the aeroplane so there is an industry that's into Okay, as a part of the research we understood like 90% of the invoices are still manual in in the industry. And that's huge and that's the industry is like so huge that and when we talk about computers and all but 90% of the invoices happened to people, right now we are talking about hardcore industry wherein a mechanical plant where and they don't even use
computers to date. That is the industry where now you are an expert in invoicing, you understand how the invoicing happens. So you can input your knowledge as a business expert into finding a solution. And how do you get the invoice done? Like typical invoice lifecycle, or for example, a settlement or trade settlement for real for a stock exchange investor. So initially in us it was t plus seven days now, it's been a plus three days, right? And now they have reduced it to two t plus two, but still they're not able to get it to t plus one or t plus zero that is near real time. So real time can never happen even with any of the technologies. So it's always near real time that we talk about your knowledge of finances or maybe with your knowledge and stock broking and as a advisor over there, you can put your knowledge and try and see if we can get it to near real time solution. True and promote it cite us. I mean maybe the reason that I am talking about that your expertise will add more
value is a person who is from the IT side would say that yes, we are here we are in a position to implement this solution. But as a domain expert, you could say like, even if you're going to implement this
plus zero settlement, but you know that all the big brokerage houses cannot arrange for that much capital on T plus zero day, because they have to get the capital through. So that is the differentiating factor you can put from your side. So, you being a part of complete business, you are an asset to a blockchain solution. That would, that is the way I could summarize it. Yes, absolutely. I mean, you know, that is the two sets of people one is the people being in the business knowledge, and the other set are the ones who will be actually translating that into the coding part of it. I think you would have covered this already. You You know, realize this is again, a question from Ana and realize business scenario, and they were anywhere being covered, right. business cases, use cases you guys were doing that as a part of the
Yeah, so as he talked about, it's like, really cool to put in real time use cases that we worked on. I believe I mean, the part of what one there was a slow medicine that's come up. Now they're tracking the source of the entire medicines and all they were another team that was talking about. They were working on Srikanth. Team. I'm I mean, they're working on white paper for the governance of blockchain. Yes, that is one team that are working on the paper so that that's purely non technical later working on formulating the policies for
a person, I would think a person, much into the higher side of experience would add a holistic picture into a solution. So yeah, he understands the end to end picture. He understands the business. He understands the finances, he understands whether this particular solution needs to be implemented or not, are based on his experience. Absolutely. I think this is one place where your experience does not go against you. So
To speak in the sense that, you know, if you want to move into something new, your old experience always goes against you. You're possibly tagged as you know, a salesperson or somebody from this industry. This is one technology that actually allows you to use that and build on that as very.
So you had mentorship and all of that, that you mentioned. So So how are these sessions? This is again, a question that I'm kind of picking up from mangkhut, a soldier near us who wants to understand a little bit more about the mentorship that that was that you were exposed to as a part of the program?
Well, when we talk about mentorship, and all there are various kinds of mentors that we had in this particular program. So Neil comes from a business background. We had six to seven guest lectures. I mean, the guest
CEOs or the people who are already into industry like chipmunks. Guy Arvind was a woman that walked in for one of the cohorts. Then we also had another person
there's a movie platform odd platform that they're building in blockchain. So there was another guy who had come in. So and then in terms of mentoring people are quite open in terms of guiding you explaining you what's to be done. The T handhold. You even when you talk to
determine from Take care, he is very much connected like he respect I mean, I'm sure he is part of like last four or five cohorts. And I'm sure he must have been connected with each and every one of the participants even though he's working in a working in couple of high value projects are taken, but still he is very much connected to people and all the alumni,
triple it blockchain program are also kind of connected with each other in terms of coming up with solutions. Now when we talk about the two in house stars that you have, you have suneel, who's an expert in talking in terms of explaining
The people and of how do you blend or get the technology in business together? Or how would you like to take the things forward in terms of starting getting into a startup mode? How would you think about a solution? And he's kind of a magician in that because people at the start of the program were like, what do we do about crypto? And at the end of the program, they understood, okay, this is blockchain. From a diverse, like, initially, the people were like, 5050, why did we join this course? And at the end of the program, there was like, 98% of the people were like, okay, it's good that we join one or 2% you will always find people here and there, so that's okay. Of course.
And yeah, I think the the NPS score speak for themselves. This is one of the highest NPS scores, the Net Promoter scores, you know, that we have amongst all of our programs that we do. So in terms of you mentioned about, you know, learnings and the peer group, are you in touch with the peer group? Do you guys
You know, meet up or are you do exchange ideas? How does that work?
Initially during the talk, I just talk about it like three of them by copart. I mean now from the cohort are with me and my company, in terms of developing the solution and platform. The other teams, we have a whatsapp group, we are connected initially we used to connect with through the COVID. It's all good.
one thing that I would love to talk about here is like in the classroom, we were working on a white paper, it will be plus zero T. And we had a group of say, like, seven people, and we are still working together on it, and we plan to publish a white paper on it sometime soon. The only reason is due to COVID. We're not able to find it quite often, but we have plans to publish a white paper on it. Oh, that's that's interesting, but when when do you think that's gonna come out?
I think we should be in next couple of months for sure. Okay, that's very interesting. Middle, all the best for that.
And in terms of Okay, and again, just take another question that's coming in we probably coming towards the end of it if you guys have questions, please feel free to write them down over here. Um, it's a question from Nikki what should be what would be the outcomes of a course? Will a person be able to develop smart contracts? Or will he become an advisor? I think you go could go both ways, right?
Yeah, as well making the electronic data when they kill, it all depends on how what your area of interest is or what your background is. I will not be surprised even if you're not a developer, but at the end of the program, you would be expert writer in smart contracts and all Because see, basically a smart contract is nothing but a business logic. So understand otherwise, we are
understand all the business logic or functionality a for or these kind of different use cases into the particular business. So first you understand once we understand that then we can write a smart contract. So both of them go hand in hand an advisory will always have a role into a blockchain, I mean in a smart contract writing.
There's one more question that I just take it up that's from MJ, a human resource person. Well, as a part of auditing, I was really very close working with human resource in terms of looking at the background checks and everything for the compliance perspective,
and maybe even the KYC So, when a person with 30 to 40 years of experience, I believe, you would be completely understanding
the recruitment process or the amount of money that gets spent when or resources hired in terms of background check. Yes, or the compliance that we do. Maybe the compliance level in India is less particular
Other countries like Ireland and all, when we do a background check, even the photo of a person standing in front of the house needs to be claimed, or the certificates need to be taken from universities. So that's a huge amount of investment that a company does in terms of background check.
So talk about a person with human resource background, you could you could come up with various solutions as such, when you get all this data onto the blockchain, you see, you would start a startup, you could get all the data onto the blockchain. And your company would actually help other companies at a fraction of the cost and give them okay, this is the background check to this date, which is already completed. Let's do only the beta. Let's not do the complete background check, because that's already done and onto the system and that's on to the public system for anyone to verify for the church. Absolutely. And the same would happen for KYC in a bank.
Yeah, sorry. Good.
You know, I was just by Jenna, NJ you were talking about me.
opportunities. I kind of bit, a bit of a Google query here, you know, HR itself. There are some 1012 Puno, blockchain startups that are formed beat from like this table streamlining, workplace communication, validating workplace safety protocols. There's a startup on that there's a startup on enabling instant payroll, disrupting employee rewards and recognition. Human resource. HR is human resource information systems, recruitment, business data. I mean, there's so much that's going on and that's, that's what we are trying to kind of talk about this is the is the opportunities over here are literally, you know, the sooner discovered what we could do. Most cases across industries, you will have blockchain being able to provide opportunities.
So, you know, again, experience of two to three years, you know, you could you could become a developer, you could go there, the
I don't know what your background is. But it's, it's something that you can always use. Well around, I mean, to answer your questions two to three years, I believe, like you form in a very sweet spot when you could easily crack offer and most of the corporates Recently, there could be a lot of flexibility from a corporate to look at you have I mean, you could be a business analyst, or you could be a developer based on your interests. So what I would suggest is use you fall in a very sweet spot of getting a good hike and getting into a company. Absolutely. I mean, most companies, you know, look at two to three years is very reasonable, you know, not very rigid in terms of you know, already having a lot of experience in terms of being fit. I would, I would like to correct you from companies look up to six to seven years, I believe. Oh, yeah, you six to seven years, even two to three, when when you're looking from a management to six to seven, zero to six to seven, I would say. Absolutely. So, you know, they are trainable, so to speak.
You have and they fit into the culture, they blend into the culture much better than people with more than eight plus 10 plus years of experience can be more. And one more point for the benefit of everyone. Sorry.
And when you talk about job opportunities, there are many people who have been picked up by taken there are many people who have been picked up by I was talking about SEO in our batch, he has picked up a couple of people in his company. So then we as a group, there were four of us working together on zero blocks as a startup. So there are many opportunities in the market. Maybe it's like the startup space are an organized sector. And I believe Tim is doing a real good job in terms of solutions and all they are working on some Google Platform they are working on
a project with try. Yes, then Reliance's called elands. us coming up with payments in blockchain. Yes, I happen to meet to the head of reliance geo payments in Mumbai.
So they are working. Then in terms of media and all there are many companies who are really looking forward, how do we monetize using blockchain as a solution?
Absolutely. So any you name a domain? And I think I could think about some some opportunity to it. Yeah, I mean, it's all there. It's just that, you know, people need to understand that these are the opportunities that are there and they kind of, you don't need to look at this as as something that they could build their careers on. Another input would be like, in this today's world, because everything is kind of remote if any person just goes on LinkedIn and so just like remote job flow blockchain everyday he will find like 50 to 60 Remote Jobs in blockchain across the globe. Absolutely. And, and, you know, tell me something when when, what would be your advice we've been talking about this, you know, in terms of your advice for people who are looking at a blockchain program right now, when you had done it.
You know, there weren't too many programs around. But
what would be your advice to people who want to or looking at, you know, coming into a blockchain or looking at a blockchain program?
Well, it's again, a personal individual choice.
person. However, I would say the differentiating point of this particular program would be like the mentorship that we're talking about the kind of teams that are formed as a part of this cohort, the way people work together, the way you have various real time examples, and startups have come out of those examples itself for white papers itself. And people at the end of the program are like, even though they may not be a part of the developer community, but still, they learned so much that they can independently code and come up with something or at least they understand the flow of the cord.
And seam happens with the people from business side or the developer side.
Right, absolutely. So there's this question from about, you know, triple it Bangalore and triple IIT Hyderabad. It's at Bangalore, I believe
in Bangalore as far as I go. Yeah. I may be wrong, but at Bangalore, I know that it's a good fit by
so triple it has about the has some, it is probably the it's one of the ripple net. What 17 I think institutions chosen by ripple, if I'm not mistaken. Yeah.
Again, just talk a little bit about that in terms of why should somebody look at triple it hydropower and, and, and, you know, its core area of expertise. Again, I mean, all institutions are good, but yeah, what is
it algebra? Yeah, I was about to tell that like, I will not talk about it later. But I realize you're a robot as such. When people at Hyderabad when we look at
That's like one of the premier Institute's when where it goes with triple it branding as well.
There's lots of funding even in terms of the various companies that are into it or the amount of funding that it gets from various organizations. That's from a business perspective. But let's get into blockchain arena blockchain space, thinner exports mF triple IIT Hyderabad is among the experts in terms of cryptography, which again is core for blockchain, cryptography and security and all. So, the professor's up there understand end to end picture or end to end solutions whenever we talk about the algorithms that are behind blockchain or the solutions behind it. So, this this is about academia now talking about ripple I circum. So, ripple has invested and ripple also has given its expertise and has it dead done a tie up a triple it hydrabad as such and if I'm not wrong, repeat
What didn't tie up with IIT Bombay and triple IIT Hyderabad? Yes. And doing all over the world only here. And during a cohort, there was also person who had come down from ripple. And he had talked about open opportunities and also they were open to hire people who had passed on this particular program. Right.
Yeah, I think that still Yeah. I mean, the opportunities keep coming up. You know, once you are a part of these kinds of programs, there's the, you know, talentsprint also we get a lot of questions. I was incidentally talking to the head of, again, the blockchain practice, the practice leader, he's both the blockchain practice leader and the cyber security leader. And he was asking me about you know, I need this this this, these profiles are the Trove send me something if you have it, so we constantly keep getting these questions. largish. Absolutely yes, that is Oh,
Just one way.
Exactly. So, yes, so we looked at 37 Okay, so we've crossed the time
there's a poll that's open if the audience were who are there if you can water that will help us understand and change our our, you know DVD webinar contents for the future that we do. The classes the enrollments are open for the the sixth cohort of the blockchain program for the with the triple it blockchain and the cancelled blockchain program. classes will start at the end of September you and so we've almost given up 90% of the seats have been offered out we have some seats that are available. If you are interested before number is given over there you can visit the webpage, it's there on the slide.
And you if you have questions, we are more than happy to help you understand that. We keep having these
webinars where we invite our alumni or other industry experts, we'd be more than happy to answer your questions. If you have them. please reach out to us.
Thank you so much so much for coming down. It's been wonderful talking to you. I know it's it's been a busy day, and we gave you probably 2025 minutes notice. I apologize for that. But it's up in a great spot to come down. Hey, it's all good. I just take a copy from you sometime whenever we meet. Absolutely. It would.
It would be my pleasure, let let this get that this pandemic become normalized, hopefully.
But thank you, everybody. You know if any of you have not yet voted, I still see around 18 you know, around 1011 people would can vote. Please vote for it. So my thank you so much for joining us. We are going to be you know, catching up sometime soon. Thank you so much. It was pleasure. Absolutely. My pleasure.
I would be happy and if anyone wants to connect with me offline as well. So maybe if someone connects with talentsprint, they could feel free to share my number or when they they would like to watch it that helps people sign up to check your LinkedIn details. Thank you so much for for the offer, but it's really kind of you. Thank you, everybody for joining us today. You know, in case you have questions, reach out to us. We'd love to hear from you. Have a good day. Good evening and stay safe. Thanks, guys.
Watch the entire interview here https://youtu.be/Ze1MlHvQbhg