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How Central Banks in Asia are Adopting Blockchain

Central Banks in SAARC and ASEAN countries are being more and more receptive to the idea of using blockchain and cryptocurrency. There is an increased interest shown by Central Banks in the region to implement some form of blockchain related solution and we have seen multiple initiatives and pilot projects starting in 2019 and 2020.

- Why are Central Banks in Asia focusing on enabling blockchain-based services and cryptocurrencies?
- Interesting uses cases for blockchain-based applications for Central Banks
- Some of the completed and on-going Central Bank blockchain projects
- What to expect in 2021 relating to Central Banks and Blockchain?
Recorded Oct 20 2020 58 mins
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Presented by
Lakshan Abeyawardena, Head of Strategic Business, Hitachi Digital Payment Solutions
Presentation preview: How Central Banks in Asia are Adopting Blockchain

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    Ranjan Dhar, Group General Manager, Ingram Micro
    Digital currency is gaining propensity as we move to the new era of commerce. Digital payments are already a way of life. Both calls for even greater security to prevent fraud and anti-money laundering.

    Adopting blockchain technology to track and trace the money trail could help detect frauds and sanitize the whole transaction chain as we increasingly adopt the new “buy-pay” paradigm.

    Blockchain is the distributed, public ledger that will be the record-keeping technology behind the digital currency. This webinar aims to give a view of secure transactions as digital currency evolves, using blockchain technology.

    The presenter brings over three decades of experience in the information technology industry. He has worked as a Director Sales in IBM, SAP, Oracle & Symantec. The views expressed are the presenter’s own views.
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    Paul R Griffin, Associate Professor of Information Systems, SIS, Singapore Management University
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    Money is more than just a medium of exchange for people. They have an emotional connection with money. This makes them more risk-averse about it and hence this translates into a high degree of inertia for the newest technology to be adopted at the pace we expect it to.

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    - Blockchain, which serves as a building block for a decentralized economy, is the next and newest form of currency via cryptocurrency. With Change in the form of money, it is now important to understand the change in the payment system.

    - Among different types to cryptocurrency, when blockchain is used for the operability of cryptocurrency, it is crucial to understand how it will be a perfect piece of the puzzle for it to be used in tomorrow's decentralized economy. Therefore, it is important to understand the evolving technology and how crucial it is to adopt it in a more scalable way.

    - Understand the reason and logic behind adopting and absorbing cryptocurrency as a new form of money. Else, in this race for getting hands on the newest technology, the whole purpose of it might get lost.

    - Money is more than just a medium of exchange for people. Hence this translates into a high degree of inertia for the newest technology to be adopted at the pace we expect it to.
  • How Central Banks in Asia are Adopting Blockchain Recorded: Oct 20 2020 58 mins
    Lakshan Abeyawardena, Head of Strategic Business, Hitachi Digital Payment Solutions
    Central Banks in SAARC and ASEAN countries are being more and more receptive to the idea of using blockchain and cryptocurrency. There is an increased interest shown by Central Banks in the region to implement some form of blockchain related solution and we have seen multiple initiatives and pilot projects starting in 2019 and 2020.

    - Why are Central Banks in Asia focusing on enabling blockchain-based services and cryptocurrencies?
    - Interesting uses cases for blockchain-based applications for Central Banks
    - Some of the completed and on-going Central Bank blockchain projects
    - What to expect in 2021 relating to Central Banks and Blockchain?
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    Global Biz Dev Director - (BoAT - Blockchain of AI Things)
    aitos.io 摩联科技

    Karl J. Weaver is a bilingual-Mandarin speaking, senior wireless industry, mobile payments & device security executive in the smart card/semiconductor sectors. He joined aitos.io in February, 2020 as Global Business Development Director, based in Shanghai. Aitos.io supplies an SDK embedded into cellular IoT modules to allow Apps & services to directly run on the Blockchain with trusted identity and data privacy.
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    1) What the Data Protection Legislation and ICO Guidance says about AI.
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    - The strategies involved in safeguarding PII
    - Staying compliant with financial services regulations

    Dror Shapira:

    David Fleck:

    Ian Mitchell:

    Adam Martin:
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  • Title: How Central Banks in Asia are Adopting Blockchain
  • Live at: Oct 20 2020 3:00 am
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