Blockchain is one of the emerging disruptive technologies of today and to discuss the various possibilities around it, the Blockchain Conclave was held in Bengaluru on Thursday. It is an initiative of the Bengaluru Tech Summit and Government of Karnataka.
Over 200 policymakers, industry professionals, and blockchain experts attended the event and discussed, debated innovative ways of using blockchain in governance.
The Blockchain Conclave came on the back of the highly competitive, and first-of-its-kind Blockchain Hackathon, organised by the Government of Karnataka and the Bengaluru Tech Summit which saw students, young professionals, bureaucrats, academicians and many more coming together to ‘hack governance’. The hackathon was aimed at solving long-term governance problems and service delivery gaps using technology.
The conclave focussed on three main themes: Cryptocurrencies, Fintech and the rise of a new economics; Blockchain in governance and service delivery; and, the social impact of Blockchain.
The conclave began with opening remarks by Prakash Jayaram, Partner, Ernst & Young India. Jayaram set out the context for the conclave, and said, “There’s a lot of government activity surrounding blockchain and the Govt. of Karnataka is at the forefront of blockchain. The aim is to get 30 use cases within a year, and subsequently, some use cases maybe taken as fully fledged e-governance projects.”
Delivering a special address at the event, Minister of IT, BT and Tourism, Government of Karnataka, Priyank Kharge said, “Blockchain is a highly disruptive emerging technology and the goal of the event is to see how Blockchain technology can solve real-life problems. Today’s conclave is a gathering of truly exceptional minds on Blockchain from India and abroad and the idea is to see if blockchain technology can be used to help the government and its functions.”
Dilipkumar Khandelwal, MD of SAP Labs India, also spoke at the inaugural session of the conclave, and said, “The world around us is changing fast, across all industries and sectors. This change is technology driven and we want to train our youth for the future.”
Khandelwal then presented a letter of intent to Minister Priyank Kharge to train 5,000 youth from the state under the pathbreaking ‘Yuva Yuga’ scheme. The scheme is promoted by the government of Karnataka in association with SAP Labs to provide industry-relevant and employment-oriented IT skills to young people.
Panel discussions through the day saw industry leaders, experts, and policy makers come together to create a blueprint for the future.