Uttaranchal Institute of Management, Uttaranchal University, organized a Panel Discussion on Blockchain technology in financial market - Future Trending Technology on July 9, 2022, for the students and faculty members. The inspiring academician from a top university joins a panel discussion and was discussed and depicted under the direction of Prof. (Dr.) Pradeep Suri, Dean, UIM.Uttaranchal Institute of Management's Finance Club brought together this successful event.
The event was addressed by well renowned following industry experts:
- Dr.Afzallur Rahman ; Professor &HOD Department of Commerce , B S Abdur Rahman Crescent , Institute of Science & Technology
- Prof. (Dr) HanumatSastrtG, Professor In Charge Research School of Computer Science, University of Petroleum & Energy Studies
- Dr. Aman Dua , Assistant Professor , NIFTEM ( Central Government Institute Sonipat)
- Dr. Vinayak A Drave, Assistant professor Ph.D from IIT Kanpur , O.P Jindal University , Sonipat .
- Dr. Abhishek KumarPathak , Assistant Professor, Uttaranchal University, Dehradun.
- Dr. T. Joji Rao, Professor Finance, Director JGBS Ph.D program , O. P Jindal University , Sonipat .
- Dr. Joanna Rosak – Szyrocka, Assistant Professor, Faculty of Management, Czestochowa University of Technology Poland
- CA Rubneet Anand Manager, Corporate Planning M/s SML Isuzu Ltd
The event commenced with the felicitation of Hon’ble Chancellor Shri Jitender Joshi and panel experts. The event was graced by the presence of Prof. (Dr.) Pradeep Suri (Dean-UIM), and Dr. Sonal Sharma (Dean - USCS). Master of Ceremony, Ms.Neeti Misra Assistant Professor-UIM along with Dr. Rajeev Ranjan Assistant Professor UIM, facilitated the event and started the discussion with a warm welcome to all the expert panellist and briefed about their profile.
Prof. (Dr.) Pradeep Suri delivered the Inaugural Address and explain what blockchain is, he also talks about the usages of blockchain to secure data. He covered concept related to bitcoin. He also threw light on that this technology can be used in many ways and its long way to go in stock market. He emphasizedthat session will be fruitful so he suggested all the participants totake the most out of it. Complete focus of panel discussion was based on scalability, privacy concern and cost efficiency involved in blockchain technology and how to overcome with particular limitation.
- Dr.Afzallur Rahman– He briefly explained the blockchain technology concept from the very scratch with the PPT in simple and easy way. Which was even understood by non – technical audience. He concluded on the question that was asked by the convenor whether it is feasible to adopt blockchain in financial market, the answer to which was due to enormous number of limitations in security and privacy issues, being it a costlier affair for companies it is not that easy to be adopted as seems.
- Prof. (Dr) Hanumat Sastry G- Talks about the benefits of blockchain and how it provides the security to the data. He emphasized on scalability issues can be overcome with blockchain technology.
- Dr. Aman Dua– He also addon in the discussion that in order to maintain security there is key aspect of privacy in blockchains is the use of private and public keys.
- Dr. Vinayak A – He thoroughly put a light on smart contract, digital leader,centralized and decentralized blockchain and security of hard earn money, cloud computing proper governance by various regulatory authorities Reserve Bank of India financial institution of India and other countries.
- Abhishek Kumar Pathak – He explained with the help of an case study held in September 2019 London UK, a food processing app as Swiggy and Zomato in India ,There was a repetition of order and payment suffered by customer due to this technology so , privacy and security of data is must need in order to have a proper implementation of this technology.
- Dr. T. Joji Rao- He considered himself to be a technocrat and was very much in favour of this technology to be taken for future generation. Those currently its coupled with so many limitations.
- CA Rubneet Anand- She assented with the other panelist on the question of whether blockchain technology is futurist or not. Being from CA she was able to highlight the tax regime on blockchain and bitcoin transaction, which the government of India is going to include in their regulatory policies, which will favorably influence the people to adopt more and more technology.
The event successfully concluded with a Vote of Thanks which was proposed by Ms. Neeti Misra and Dr. Rajeev Ranjan.
