XSYS- The Systems Association of XIMB organized its annual national level IS conclave ENVISION'19 on 21st July 2019. The objective of the conclave was to offer a forum for discussion on the theme “Blockchain In Digital Economy”.
The conclave was inaugurated by Mr Sunil Nair, CTO, Spar India – Landmark Group, Mr Ravinder Pal Singh, Chief Innovation and Information Officer, Tata Singapore Airlines (Vistara), and Professor Sanjay Mohapatra with the lighting of the lamp.
The first speaker, Mr Sunil Nair, who is an eminent professional with over 23 years of experience in technology with a specific focus on emerging and disruptive technologies, dedicated to innovation with a focus on developing flexible, cost-effective & scalable solutions for the business with experience covering all verticals in retail, talked about the importance of out-of-the-box thinking capability and application of new disruptive technologies in day to day life. He also focused his discussion on the relevance of blockchain to the customers and the return on investment of application of such new technologies. He highlighted the definition of omnichannel groups on their ability to connect with customers.
The second speaker was Mr Ravinder Pal Singh - Chief Innovation and Information Officer, Tata Singapore Airlines (Vistara). Mr Ravinder Pal Singh is an award-winning Technologist, Rescue Pilot and Investor with over 50+ global recognition and 17 patents. He has been acknowledged as the world’s top 25 CIO and top 10 Robotics Designer in 2018. He sits on the advisory council of 3 global research firms where he contributes to predicting practical future automation use cases and respective technologies.
Mr Ravinder emphasized how technology like Bitcoin can bring true disruption in public services. He suggested that Bitcoin can revolutionize our experience of a political election - an individual’s mobile phone can act as a node and make conventional processes like a physical electoral booth, obsolete. Addressing the cost aspect of transactions, Mr Singh explained how Bitcoin makes business sense from a computational cost perspective. He elaborated on the importance of "Speed of Trade" which is a direct outcome of Bitcoin. Mr Singh explained how when the speed of trade increases, everyone in the economy gains - customers do well which results in markets doing well, thereby leading to countries doing well. He posited two attributes that could be the story of the potential success of Bitcoin: Memory and Storage. Mr Singh spoke about the role of Bitcoin in Digital Economy and discussed how Bitcoin might be one of the crucial pillars of Digital Economy. The students took this opportunity to interact with the panellists and got insightful cues to carve their way to be the leaders of tomorrow influencing change.
ENVISION'19 was concluded with a vote of thanks given by the esteemed professor of XIMB, Dr Sanjay Mohapatra. Professor Mohapatra thanked the speakers for providing their incredibly valuable insights on the subject of Bitcoin, and for addressing the students’ questions on the same. The winners of National Level Article Writing Competition X-ITE were awarded recognition at the conclave. In addition, X-ITE, the magazine by X-SYS was inaugurated by the honourable dignitaries at ENVISION'19.
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