Blockchain

Blockchain Summit Receives Support from Govt. to Make India Blockchain Capital

MEDICISenior Manager – Innovation

Blockchain Summit India, the largest dedicated blockchain event in India, and the first edition of the Vision Blockchain 2030 initiative concluded successfully at IIM Lucknow’s Noida campus on February 22–23, 2019. The event gathered major key international players of the blockchain ecosystem including well-known influencers, investors, government representatives, blockchain developers, and representatives from the business and startup world. The summit was inaugurated with welcome messages by Mr. Suresh Prabhu (Hon. Minister of Commerce & Industry, Government of India), Mr. Sanjay Kumar (Chief General Manager, HPCL), Mr. Nitin Seth (CEO, Incedo Inc. & Ex-COO Flipkart), Prof. Akbar Ansari (IIM Lucknow EIC), and Kumar Gaurav (Chairman – Auxesis Group). The summit has been supported by the Department of Science & Technology, the Government of India, and the State Government of Uttar Pradesh. MEDICI was thrilled to support a summit of this magnitude as its Knowledge Partner.

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Key Takeaways From the Summit

At this special occasion, the Minister of Commerce & Industry also announced the agreement signed with the Government of UAE to learn and leverage blockchain in the e-governance of India.

“We welcome your ideas at Blockchain summit. Blockchain technology offer great opportunities to think differently and bring in different strategic ideas.” - Shri Suresh Prabhu, Minister of Commerce & Industry

The two-day summit observed the presence of over 80 global blockchain influencers and speakers to address the 2,300 participants at the summit. More than 50 VC & crypto funds together with a number of premium academic institutes (including ISB, NUS, IITB, and others) participated in the summit to strengthen the Indian blockchain ecosystem. Representatives and bureaucrats from various ministries participated to take notes on empowering a blockchain ecosystem and include ideas in the current formulation of cryptocurrency regulation of India. The regulation is planned to be implemented by end of the current financial tenure.

“This is so far the biggest Blockchain conference I see where people are passionate and wanted to learn. This is remarkable that a number of people are coming together to understand what’s happening in the market.” – Mr. K C Ayyagiri, Global Programs Manager, Google Cloud.

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Another highlight of the summit was the launch of India’s first public blockchain network by Auxledger during the inaugural session. Auxledger’s public network enables business-ready functionalities including non-volatility of network fees and enabling data privacy in a public chain.

The Blockchain Summit was one of the largest summits hosted in the country and had multiple elements to offer to its mixed audience of policymakers, entrepreneurs, VCs, academicians, and students. At the main stage, the conference included a corporate presentation on blockchain by Google, IBM, Cognizant, ConsenSys, Auxesis, Tech Mahindra, Accenture, and EIL. There were 10-panel discussions on topics like e-governance, supply chain, FinTech, cryptocurrency regulations, digital frauds, money laundering, ICOs & STOs, traditional funding, and skill enhancement with regard to blockchain. Along with the stage conference, the other main attractions of the summit included the Blockchain Expo, Blockchain Startup Pitch, and Blockchain Masterclass.

As an established global knowledge network for collaborative innovation in the FinTech industry and a recognized thought leader, the MEDICI Team congratulates the organizing team for introducing a truly collaborative blockchain summit that offers an unprecedented platform for beneficial partnerships and dialogue on a truly grand scale.

Mohit Mohan

MEDICISenior Manager – Innovation

Mohit is a FinTech aficionado and is constantly scouting for the latest innovations disrupting the financial services industry. He has been actively working with prominent banks and other FIs on their innovation programs.

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