Policy Research Institute (PRI) and Brac Bank Limited organised a workshop titled 'Application of Blockchain as a Technology for SME Financing and Mortgage/Lien' today at Brac Bank Head Office in Dhaka.
Dr Lawrence Ma, president of Hong Kong Blockchain, and co-founder, CEO and chief scientist of eMALI.IO Limited, conducted the workshop.
Academicians, researchers, economists, senior officials of Bangladesh Bank, civil society members and professionals from banking, telecom, ICT and development sectors participated in the workshop.
Blockchain is a new technological innovation with immense potential in the banking and financial sector. It holds promise in data management with utmost security and authenticity, especially for SME Financing and Mortgage/Lien.
Blockchain draws the world's attention as the Internet is entering a second era. The first was based on information being available anywhere and anytime – Internet of Information.
The second, powered by an intelligent combination of cryptography, mathematics, software engineering and behavioural economics - blockchain technology, is bringing us the Internet of Value: a new, distributed platform that will help us re-shape business and transform the world.
The workshop focused on the technical, business and legal aspects of blockchain, along with a few promising enterprise usages, emphasizing on small and medium traders, of blockchain/distributed ledger technology.
The participant has been able to delve deep into the very foundation of yet nascent but promising blockchain technology. The participants were given a virtual tour at the root of the evolving technology and its potential application of the technology in their respective businesses.
Dr Ahsan H Mansur, chairman of Brac Bank and executive director of Policy Research Institute of Bangladesh, moderated a panel discussion on blockchain.
Dr Lawrence Ma, Habibullah N Karim, founder & CEO of Techno Haven Company Limited, and Ifty Islam, chairman of Asian Tiger Capital Partners, Dr Zaidi Sattar, chairman of Policy Research Institute and Sabbir Hossain, deputy managing director & chief operating officer of Brac Bank, participated in the panel discussion.
Chowdhury Akhtar Asif, deputy managing director & CRO, Mohammod Masud Rana FCA, deputy managing director & CFO, Ahmed Rashid Joy, head of credit risk management, Wasi Noman, chief technology officer of Brac Bank, were also present at the workshop.