In simple words, blockchain is a public ledger where all committed transactions are stored in a list of blocks that is immutable and verifiable. This chain grows as the new blocks are added to it. What makes blockchain different from the other available technologies is the fact that it’s decentralized. If you think of a traditional database like a spreadsheet, running on a single computer, blockchain distributes that so the spreadsheet runs on millions and millions of computers. It also uses state of the art cryptography, so that once information goes in, it is virtually impossible to get it out again without the original passcode or key. The real disruption here is that trust is established through collaboration and code, rather than a central authority. So you no longer need a bank to make a money transfer around the world. You no longer need an escrow account to buy a home, or a real estate agent to facilitate the transaction. You no longer need a company or central authority to facilitate a transaction of any kind. That is revolutionary and has the potential to revolutionize nearly every industry.
To explore this topic more, we are focusing on the finance function and the future of finance leadership in our latest “Workshop on Fundamentals of Blockchain” in Mumbai.
CA Vinod Kashyap, B.Com.(Hons.), FCA, DISA (ICAI), is Co-Founder of NexGen Knowledge Solutions Private Ltd. He has plus 30 years of quantifiable experience in Industrial and professional working, Accounting, Internal Audit, Information Systems Audit, Digital Financial Reporting. He has hands-on experience of working on digital financial reporting (XBRL/iXBRL) in India, Singapore & U.K. He is co-author of paper titled “A Field Study Examining the Indian Ministry of Corporate Affairs XBRL Implementation” published in Journal of Information Systems. He has also provided valuable inputs on XBRL and EDIFACT in Master Thesis “Factors affecting Standard Dominance in the battle between EDIFACT versus XBRL Data Exchange Standards in India” submitted for Master of Science in Management of Technologies at DELFT University of Technology, Netherlands.
He has been involved in customization & testing of compliance software for Goods &Services of Gov Reports(Australia’s leading GST solution provider and SBR /XBRL regulatory compliance reporting platform) to suit Indian requirements. He is also Faculty at GST Trainer, which conducts regular training programs (Practical Workshops) on GST in New Delhi. He has also been a faculty at National Academy of Customs, Indirect Taxes & Narcotics, Mumbai where he has conducted training sessions on “Digital Tax Administration System for GST” and “Data Analytics in GST” for Senior GST Officials in India. He has been a regular speaker on Goods & Services Tax at various seminars/workshop organized by the Institute of Chartered Accountants of India.
He has made a presentation on “Digital Tax Administration System” in 41st World Continuous Auditing & Reporting Symposium held in Spain on Nov 9 & 10, 2017. He has also made presentation on “Digital Tax Administration System for VAT” in Kuwait VAT conference held on May 3 & 4, 2018.
Presently, he is working on research paper on “Digital Tax Administration Systems” implemented across the world.
Raghu Vamsi, Head Blockchain R&D
BITS Pilani(B. Tech),
Information technology, Database systems, Blockchain Protocols, Product
development, distributed systems, game theory, economics, computer networks,
crypto-economics, supply chains, Java, golang, algorithms, databases, User research
Raghu vamsi is a computer science engineer from BITS Pilani . Raghu’s association with
blockchain began when he was attempting to settle payment transactions over mesh networks.
He’s architectured and implemented belrium blockchain, a decentralized persistent ledger with
inbuilt identity. It helps to evangelise peer to peer business models and governance systems. Its
a public blockchain that offers privacy using Zero Knowledge Proofs and Script support for
plugging two-way pegged sidechains for interoperability between their digital assets. Belrium
also incorporates concepts of Bitcoin Lightning Network protocol to decrease load on the main
network supporting micro-payments off-blockchain using multi-signature channels.
Raghu’s contributions also include a blockchain based identity protocol which is modular and
open framework for decentralised identity, which can help individuals craft their digital identities
and enable projects of all flavours and varieties to securely access this data in a decentralised
manner. He has spent significant time building solutions within supply chain and trade finance
using blockchain based technologies. He’s m odelled business processes and defined how they
could be represented and automated in a blockchain like network.
He has built a decentralised attestation protocol and blockchain notary service which is a new
paradigm for digital attestation that leverages a mix of public and private blockchains to seal,
stamp, sign and store documents. He also built a decentralised value exchange infrastructure
which can help execute trades from users browsers without having to depend on centralised
nature of exchanges today. The order books and settlements are maintained in a trustless
manner. The nature of swaps is decentralised trustless atomic. This protocol makes it easy for
cross chain communications and settlements. And a decentralised payment protocol which
leverages the DEX infrastructure to settle digital currencies coupled with fiat settlements
between organizations in a fast and efficient manner.This protocol lets you build cutting edge
applications and start accepting payments from any part of the globe using one set of APIs.
He’s been helping various governments and multi billion dollar enterprises craft their blockchain
strategy. He’s also been part of a very fast growing multi billion dollar startup in education space
in India and also a silicon valley start-up, he understands how to scale and build products that
customers love. He truly believes in the idea of scale fast or fail fast. He’s an avid tourer. You
can see him riding his motorbike or playing volleyball when he’s not thinking about blockchains.
Who should attend
The workshop is aimed at key decision makers at any business.
The workshop should be attended by:
• CEOs, COOs, CFOs, CTOs and other C suite executives
• Heads of finance functions and finance managers
• Heads of IT, Sales & Marketing, Procurement, Legal
• Front-line staff
|Hard Copy & Soft Copy of Presentation, Certification, Break fast, Lunch, Refreshments||India Companies||15000 INR tax per delegate (10% Disc for group of 3 delegate)**|
*Additional GST of 18% is applicable.