Yagnesh Pota (Singapore Computer Society, Blockchain SIG), The Evolution of Blockchain from Bitcoin to an Industries Transforming Phenomenon
Yagnesh Pota (Singapore Computer Society, Blockchain SIG), The Evolution of Blockchain from Bitcoin to an Industries Transforming Phenomenon
Abstract
This presentation explores the journey of blockchain technology, from its inception as the backbone of Bitcoin to its transformation into a versatile tool revolutionizing industries worldwide. Beginning with Bitcoin’s role in introducing decentralized digital currency, the talk traces blockchain’s evolution and diversification into areas such as government, manufacturing, logistics, ESG (Environmental, Social, and Governance), healthcare, and finance.
We delve into the transformative power of blockchain in creating transparency, security, and efficiency across sectors. Key advancements include tokenization of real-world assets, the use of IoT for real-time data integration, and the emergence of Central Bank Digital Currencies (CBDCs). The presentation also examines competing technologies like Hashgraph, which offer alternative solutions to blockchain’s inherent challenges.
Highlighting case studies and practical examples, the discussion emphasizes how blockchain has transitioned from rudimentary use cases to sophisticated applications, such as carbon credit tokenization, supply chain traceability, and fraud prevention in insurance. The talk also addresses challenges, including scalability, energy consumption, and regulatory uncertainties, while exploring emerging solutions that drive blockchain’s adoption.
Concluding with insights into the future of blockchain, the presentation envisions its role in fostering innovation, enabling interoperability between networks, and supporting sustainable and inclusive digital ecosystems. This session aims to inspire students to see blockchain as not just a technology but a cornerstone of the evolving digital landscape.
This seminar is open for students who are taking 50.037 Blockchain Technology course only.
Speaker’s Profile
Yagnesh Pota
IT Executive
Singapore Computer Society, Blockchain SIG
Yagnesh Pota is a seasoned IT Executive with over two decades of experience in investment banking technology. As the former Head of Operations and Settlements Technology for ANZ Markets, he led large-scale strategic transformation projects, including the implementation of Murex 3.1. Yagnesh is passionate about leveraging innovative technologies to digitize financial processes and has successfully run hackathons in collaboration with regulatory bodies to showcase implementations of Central Bank Digital Currencies (CBDCs). Yagnesh has recently published the book- The Flow Of Money 2030.
His areas of expertise are as follow:
- Investment Banking Technology
- Strategic Transformation Projects
- Operations and Settlements Technology
- Blockchain and Distributed Ledger Technology
- Tokenization and Web 3
- Central Bank Digital Currencies (CBDCs)
- Financial Process Digitization
- Technology Leadership and Innovation