Calcutta,
India - 9th Edition of Business IT conclave ‘Fintech-Riding
on BLOCKCHAIN’ being held at Hyatt Regency, Calcutta dated on 10-05-2018
organized by The IT Committee of Bengal Chamber of Commerce during one day
Conclave.
Speaking
on the occasion, Mr. Arnab Basu, Chairperson, IT committee, The Bengal Chamber
of Commerce said, ‘Block chain is the key focus of most fin-tech companies and
has the potential to make the financial services more efficient, quicker and
transparent. This technology provides a decentralized network for its companies
and users where information is secured and data transfer can be facilitated with
no alterations. As smart contracts come into vogue, this technology can
guarantee that individual obligations of both sides are met with prior to a
transaction and once agreement is complete”.
Fin-tech
is a combination of financial and digital technology that provides financial
and banking services. There has been substantial scaling up of day to day
banking, online investing and trading, mobile payment modes in e-commerce
platforms, online money exchange, equity funding and personal finance
applications that permits users to access all financial options with mere
internet access that earlier was reserved for a selected range of people of a
specific economic statics. The block chain technology is very pertinent and the
need of the hour as it creates complete records makes copies that is stored in
many computers and prevents records from being tampered or altered. In case of
money remittance the block chain system has speeded up payment processing.
The
GOVT. of India has been quick to understand the benefits of using block chain
technology in good governance. Andhra Pradesh has set-up a block chain center
for excellence. The West Bengal Govt. has a major focus on developing the
Fin-TECH and block chain in both public and private sectors.
The
inaugural session on the conclave will have key speakers viz. Shri Debashis
Sen, IAS, Additional Chief Secretary, Department of Information Technology
& Electronics, Govt. of West Bengal & Chairman and Managing Director ,
Housing Infrastructure Development Corporation LTD. and Chairman Nabadiganta
Industrial Township Authority, Mr. Bhaskar Pramanik, Ex- Chairman , Microsoft
India and Member of the Board, SBI, Mr. Ambarish Dasgupta, Former President,
The Bengal Chamber of Commerce and Industry and Advisor to IT& E
Department, Govt. OF West Bengal, Mr. CS Ghosh, Preseident , The Bengal Chamber
of commerce and Industry, MD of Bandhan Bank.
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