I.T.S School of Management, Mohan Nagar, Ghaziabad organised a virtual summit on the focal theme “Emerging Technologies:Shaping the uture of Business with Blockchain and Fintech” for management students on Friday,8th January 2021.

Month Of Events: 
Jan
Date Of Events: 
08
Year Of Events: 
2021
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Full Date Of Event: 
Friday, January 8, 2021
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The virtual summit was graced by the presence of three guests of honour:

·            Mr. Amanjot Malhotra, Director of Product Management at LCX, Gurgaon

·            Mr. Atul Tripathi, Data Scientist Ex-National Security Council Secretariat (Prime Minister’s Office) Advisor IISER, Mohali, Delhi, India

·            Dr. Sindhu Bhaskar, Chairman and CEO of EST Group EST Global Inc(Cambridge Innovation Center, MIT, USA) (Cambridge, Massachusetts, United States).

The session commenced with the welcome address by Prof.(Dr.) Vidya Sekhri, Director (Management).

The first speaker Mr.Amanjot Malhotra started the session by giving a brief presentation on Introduction of Blockchain and Its Use Cases.He explained how  blockchain has evolved over the years and why blockchain technology is the future.He mentioned that blockchain was introduced after the financial crisis of 2008 and since then,it is experiencing exponential growth.

He then explained the working of blockchain in a simplified way and highlighted that it is basically a network in which a millions of nodes are present to validate the transaction and depends on a decentralised entity making it a safe,transparent and tamper proof  technology.He described some of the services provided by the blockchain like money services,payroll and insurance, and many more, and also explained how the blockchain concept can be implemented for a liquid democracy, what advantages blockchain technology can bring to supply chains,how problems of document manipulation can be fixed with blockchain technology and how the blockchain is related with IoT(The Internet of Things).

The next speaker, Mr. Atul Tripathi (Data Scientist Ex-National Security Council Secretariat (Prime Minister’s Office) Advisor IISER, Mohali) carried forward the blockchain discussion towards the Career Path and Opportunities in Block Chain and Data Analytics for management students.He emphasised the importance of  maths, statistics, programming and communication skills for a data scientist. He motivated the students to get certifications for technical and non-technical courses in Blockchain. Before ending he effectively answered the queries of the students regarding the opportunities in the field of data analytics and Blockchain.

Dr. Sindhu Bhaskar (Chairman and CEO of EST Group , EST Global Inc.( Cambridge Innovation Center , MIT , USA) (Cambridge, Massachusetts, United States)enlightened the students on “Contemporary Issues and Challenges in Fintech Application in India” and also talked about emerging Fintech (Finance + Technology) & different faces of Indian Fintech where he spoke about payment and settlements, lending, supply chain & higher technology. He also talked about trends in Indian fintech where he explained Box Banking, P2P Lending, Financial Inclusion, AI and IOT based Security.

Towards the end of each session, Q/A round was held in which the guest speakers answered all the questions of the students and cleared all their doubts regarding blockchain technologies.

The summit was attended by around 400 management students of I.T.S School of Management,Ghaziabad. It was truly an enlightening session for all the participants.At the end of each session,Dr.Vidya Sekhri, Director (Management) ITS presented a virtual plaque as a token of gratitude and remembrance to the guest speakers and thanked them for sharing such valuable insights on the blockchain technology and fintech.