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Global Blockchain Colloquium 2021 organized by MIT Centre for Future Skills Excellence
India is inching closer to regulating cryptocurrencies within its borders. And soon the phased implementation strategy for central bank digital currency (CBDC) will be rolled out. MIT Centre for Future Skills Excellence, a flagship initiative of MIT Art, Design and Technology University, Pune, concluded its 3-day Global Blockchain Colloquium on August 9, 2021. This is the largest blockchain colloquium ever held in an online mode addressed by 22+ international blockchain experts, and industry leaders to discuss the latest hot spots, use cases, tips, trends, insights and technological frontiers of blockchain technology.
The Valedictory keynote sessions were graced by Mr. Anthony Day – Blockchain Leader, Global Business Services, IBM Ireland, Mr. Andrea Frosinini- Senior Enterprise Analyst & Trade Finance Evangelist, Italy, Mr. Prasanna Lohar– Head Digital Innovation & Architecture, DCB Bank, Dr. Mohit Dubey -CEO, AIC-MITADT Incubator Forum, Prof. Dr. Atul Patil – Director, MIT School of Holistic Development and Prof. Suraj Bhoyar – Project Director, MIT Centre for Future Skills Excellence, MIT ADT University, Pune, India.
MIT Centre for Future Skills Excellence had organised the Global Blockchain Colloquium in association with India Blockchain Forum, Global Blockchain Business Council, & AIC-MITADT Incubator Forum from August 7 to 9, 2021. The Global Blockchain Colloquium was co-hosted by Blockchain ThinkLab of University at Buffalo, DCB Bank, Association for Emerging Technologies, IDEALABS Future Tech Ventures, EarthID, Stezy.io, SettleMint, Snapper FutureTech, Future Money WALLET and Aurigraph.io. The Global Blockchain Colloquium was an exemplary 3-day conclave on the most quintessential concepts related to Blockchain, Crypto, Tokens and Cybersecurity. Over a period of three days, the colloquium captivated the participants from over 21+ countries around the world. The colloquium is among the first of many efforts to transform India into a global blockchain powerhouse. The international event, one of its own kind, witnessed around 500+ blockchain enthusiasts including UG & PG Students, research scholars, faculty members, startup owners, and industry professionals.
The Global Blockchain Colloquium was aimed at bringing thought-provoking conversations on blockchain for enterprises, next generation financial services, developing blockchain applications, decentralized applications, and decentralized finance (DeFi), digital identity, sustainability & blockchain technologies for Central Bank Digital Currency, blockchain for trade finance, and blockchain platforms.
“MIT Art, Design & Technology University, Pune, India has always been a flag-bearer of engineering and technology in the country and has been at the forefront of offering innovative & industry relevant programmes including disruptive technologies,” said Prof. Dr. Mangesh Karad, Executive President & Vice Chancellor. “Continuing this tradition, we have also been deeply involved in blockchain, AI & ML, Cloud Computing, Cybersecurity, Robotic Process Automation development & have been fostering a powerful support ecosystem across India“, he said.
Global Blockchain Leader & Digital Strategist, Mr. Anthony Day congratulated & appreciated the endeavours by the MIT Centre for Future Skills Excellence for organising this one of its own kind Global Blockchain Colloquium during the valedictory address. He shared his insights on use cases for accelerating post-pandemic transformation in supply chain, identity & sustainability. He also expressed his best wishes to MIT-ADT University that had taken up the mammoth task of promoting future skills for today’s and future generation.
Mr. Andrea Frosinini from Hyperledger TF-SIG deliberately answered how blockchain can be applied in an effective and cost-efficient way within trade finance. He said, “Blockchain technology holds the potential to change business processes by redefining value chain interactions, reducing operational complexity, and reducing transaction costs.”
Mr. Prasanna Lohar, Head Digital Innovation &Architecture, DCB Bank pointed out that the journey of emerging technologies is going really at a very fast pace in India. He reiterated, “Along with educational giants like MIT-ADT University, we are looking forward to taking the first step, i.e. creating a superior curriculum for a better ecosystem for emerging technologies and specifically in blockchain technology. He complimented the team MIT Centre for Future Skills Excellence (MIT-FuSE) for bringing the Global Blockchain Colloquium 2021 with more synergy & relevant keynote sessions for the common benefit of global workplaces, as well as challenges in emerging technology for generation Z.
Dr. Mohit Dubey, CEO-AIC MITADT Incubator Forum stated, “Thanks to Fintech, technologies speak for finances, and innovations are only the beginning. Fintech is disrupting nearly every area of startups & businesses. A future where AI-boosted investment and advising platforms, blockchain-technology-enabled cryptocurrencies, are prevalent in every area of commerce and finance might be a way off.” He pointed out that the time was right for sessions like these to create awareness in these emerging technologies and congratulated MIT-FuSE on its 3-day exclusive deliberations. This would shape up the future generation and economy.
Blockchain is not new to India. It is being highlighted more with the introduction of e-RUPI & CBDC. India has a lot to gain from embracing blockchain technology and exploring it further. The first pre-requisite is creation of new career opportunities. Considerable job growth has been seen for positions like Blockchain Developers & Blockchain Architects in government agencies and other sectors such as retail, eCommerce, supply chain management, healthcare, education, agriculture, banking, etc. Blockchain developers can earn more than 50% than the other jobs in the IT market today. It means that there are innumerable high-paying jobs from all over the world now available to Indian developers in blockchain technology.
Prof. Suraj Bhoyar, Project Director summarised the gist of the sessions which were conducted over the period of three days. He specified that MIT Centre for Future Skills Excellence is connecting and aligning with leading industries with the sole purpose of providing students and working professionals from all walks of the life, access to quality education and industry-relevant curriculum to ensure that they succeed in their careers. As the first step towards this, MIT Centre for Future Skills Excellence will be commencing with its Post Graduate Programme in Blockchain Technology soon. He said, “We are so humbled and overwhelmed by the huge response to this GBC 2021. And we had a great time interacting with the participants from countries like USA, England, Singapore, Switzerland, Nigeria, Morocco, Cyprus, Brazil, Italy, Ireland, Belgium, Netherlands, New Zealand, South Africa, Germany, United Arab Emirates, Vietnam, Sri Lanka, Israel, etc.”
The colloquium highlighted the latest& upcoming trends in the blockchain industry, provided an opportunity to meet industry leaders, helped to network with like-minded people & observed collaboration opportunities. The participants had a great fortune to listen to the distinguished keynote speakers across the globe on topics like viz. Blockchain Technology -Implementation & Governance, Blockchain Platforms, Digital Identity with KYC-Use Cases, Sustainability with Blockchain, Blockchain & Decentralized Applications, Crypto Metrics, Indexes & Stacks, Central Bank Digital Currency (CBDC), Blockchain Platforms as a Service, Global View of blockchain use-cases, Blockchain Reality vs Hype, Blockchain and Security, Decentralized Finance (DeFi),How Blockchain and Trade Finance delivering Global Solutions, Enterprise Blockchain for use cases in Supply Chain, Identity and Sustainability.
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China’s AIMA brand electric motorbike is now in Bangladesh
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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China Telecom Gulf Officially Launches in Saudi Arabia for Business
HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.
In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.
Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.
China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.
During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.
The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.
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Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore
SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.
Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.
Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”
The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.
Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.
The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.
For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.
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