 And we're live on YouTube so camera should we want to broadcast that yeah live on YouTube Okay, it's one o'clock, so I'm gonna give everyone a few minutes to come in So we'll probably start for everyone watching in a couple of minutes Okay, I think I'll kick it off now. So Hello and welcome everyone to the second session of season three of the woman in blockchain series Which is organized by the vibrant and amazing in hyper ledger India chapter in partnership with the sent against group I'm Julian Gordon. I'm the VP for Asia Pacific for hyper ledger foundation And I'm delighted to be here today to kick off today's event Lastly, we had a great a wonderful session moderated by our hyper ledger foundation's executive director at Daniel Bobosa and Today we're in for a real treat It's great to see such an esteemed panel of blockchain leaders to discuss actually what is an amazingly important topic Which is block playing for special for social good? So I'm very much looking forward to hearing the panelists and I'm now going to hand over to the moderator Deepika who's going to take it over. Thank you. Deepika Thanks, Julian So we're actually hosting this event for the third consecutive year in a row And it is truly our honor to be able to host such exceptional women in this field very warm welcome to all the panelists I'm Deepika Karanji. I work as a software developer at Walmart global tech And I will be moderating the session along with Prisley Jacob from same kits Before we start the session. We'd like to introduce our amazing panelists Prisley over to you Thank you Deepika. Hello everyone. So let's start by meeting our panel members And no particular order our first panelist is Shilpa Karkera CEO of Myra technologies joining us from NYC and HQ in Singapore She's an entrepreneur in residence with entrepreneur first and the global top 20 Goldman Sachs growth fellow She's also the author of unlocking blockchains on Azure which has all the blockchain use cases She worked on since 2015 in several industries from finance to supply chain Then we have in the movie are senior director of software engineering Dell Technologies She leads supply chain transformation programs to create and support innovative seductions to enable real-time secure and accurate inventory position Across Dell Technologies with single and scalable source of growth Next we have Ritu Jane Associate program director at Zirla soft with close to 20 years in the industry Ritu is also the co-lead at hyperlature hydrochapter and has worked a blockchain project spanning supply chain feasibility insurance audit counterfeit drug detection warranty management Container tracking etc. Our next panelist is the Virginia Mohan B Blockchain practice head for Collabra Inc. It's considered to be one of the top top 30 blockchain influencers of India 2021 with 20 years 20 plus years of experience She's an Amazon best seller blockchain author and solution architect Contributing to approximately 20 blockchain and DLC projects in different verticals and protocols Then we have Srishti Asudani director of settlement blockchain trainer and a blockchain evangelist She's currently working at settlement as an emerging technology leader Focus on problem solving and enterprise grade implementation of technology as a director for settlement Srishti helps enterprises in delivering DLT applications across multi sectors and industries She has a deep functional expertise of blockchain and distributed ledger platforms like hyper ledger and Coda Looking forward to a very interesting discussion a very warm welcome to you all Thanks, Srishti. So as the audience can see our panel is highly experienced and very eminent women in blockchain So I'm really looking forward to a very fun discussion with all of you before we get started I will be directing my questions to maybe one or two of you But if anyone else has something to add feel free to just share your thoughts and speak out Let's get really chatty and have a wonderful discussion today So let's start with some kind of context setting right at some point of time Very recent until very recently a couple of years ago The word blockchain was pretty much synonymous to bitcoin right you think blockchain you think bitcoin and somewhere along the way Ethereum also came into the mix But today we see many organizations really adopting blockchain as a technology to solve real world problems Building their own private networks to actually solve internal organizational problem statements and so on And there has been a paradigm shift in the way people think of blockchain and even non developers are trying to Set their foot into the whole web 3 movement with dows and so on so The question would be where all like you know and what all fields or industries is blockchain being used today Maybe Shilpa you can help kick start the session Surely surely I think one of the most exciting fields would be healthcare because there's a need for better healthcare systems and infrastructure So the sustainable development goal 3 that we all need to achieve universal health coverage And access to quality healthcare. I think is something that technology could definitely accelerate and blockchain being a decentralized platform Could enable a lot of cross borders well in the process So I think if there is a cure I mean every person needs to have the access to that You know transparently in terms of information in terms of reach in terms of being able to Access that information. So I think that could be one Or thing that could really improve Global productivities when you know this access of healthcare is actually really open beyond just a specific location And you know quality data could accelerate better research better research to better cure And we all live more healthier happier lives. So I think that's how I see Blockchains changing the game moving forward Awesome. Aditya, I mean what do you like to add on in what other fields Including healthcare is blockchain currently being leveraged today? Sure. So like you initially talked about bitcoin. So let me tell you that bitcoin and perhaps ethereum one were two blockchains who were working on Proof of work models, but nowadays, you know, we are Looking into we are working with third generation blockchains and many of the Many of the use cases novel use cases have appeared in the market. So I'll go through some of them one by one First of all beat any business mostly for bfsi insurance domain banking domain Fraud control has been possible first time So in digital world double spending is a problem which can be totally discarded using blockchain So that is why you might have heard about gas less ecosystems coming to the play People have started talking about cbdc. So behind everything. There is blockchain You talk about Philanthropy no if a donor is donating money, but he doesn't have any Any means to know that where the money is invested but now the donor can You know Entire ecosystem is transparent Healthcare is already covered, but I have walked in some of the projects which are a covid certificate related projects I know that that has been implemented in and and currently running running in production in some of the countries already Decentralized identity bad ecosystems are in the play like Decentralized identity is helping people to share their data the pii data the personal data Without revealing it all just you know working on the basis of selective disclosure Energy trading is possible for the very first time like let's say there are countries like in australia Where people are generating their own energy like they're installing solar panels and they're Generating their own energy and if there is a surplus then they can share or trade that That energy with other people and that can be done on blockchain which is happening as of now and then comes of course inclusion like Perhaps we can talk about it later on in detail. No, so all these things are possible and maybe much more with blockchain. Thank you Okay, that's great. Like we I think you did a great context setting because these are all the topics that we want to pick up and speak about during the course of this panel discussion One of You know just to move on to kind of the next question one of the things that came about when I was having this discussion with a friend Is so basically she she's founded an NGO called by waste and she's a huge advocate of sustainability as we all should be but she's a champion in her own right and The discussion was essentially It resulted in two burning questions right one is is blockchain as a technology sustainable by itself And you did mention about proof of work being Having moved on from proof of work to different other types of validation So maybe that's something we can touch on and second thing is are there any projects that are currently leveraging blockchain to sort of champion sustainability And work towards carbon utilization, right? So maybe Srishti, could you help address These questions. Maybe the first one would be is blockchain as a technology sustainable by itself Sure. So when we try and understand the technology, it's essentially focused around three areas When we we know about the blockchain trial and the decentralization And and the security and the scalability part, but again, there's more of our sustainability angle The interoperability angle which which which are now leading to these changes where we you know have to weigh out between between the three and and that's where There is a movement towards proof of stake. Of course, we are aware of blockchains who are already Doing really good work in that like Cardano is there Polkadot is there where we are having interoperable blockchains and proof of state consensus mechanisms, but yes with ethereum Merge happening and again with the sharding which is due in 2023 That's where we would see a more sustainable ecosystem with respect to the consumption of energy And and that's something that would definitely Happen with with the merge being implemented. Of course, we're aware that there are delays in the merge happening because of the You know complexity involved because we're all aware that you know ethereum is having nearly one million transactions per day So so that's like a huge thing. So so that's one part when we talk about blockchain from a sustainability angle more from an energy consumption, which we would kind of Relate to the computation which was involved in the validation mechanisms like proof of work So that would be the first part and and I'd like to add a couple of things for the first For the use cases also. So there's also a lot of work which is being done with respect to voting, right? In in democratic countries because we are still having a lot of emerging countries where there is still a manual voting And blockchain is essentially making it very easy to you know get the results in a very transparent way That would be one and again And I think the most beneficial part of the technology is of course we've covered financial inclusion But how we are able to take care of you know, the disaster relief And we're all aware that you know Vitalik buttocks and had you know transferred around one billion dollars to covid disaster relief fund so So those are other use cases where you know, there is a transparency in the NGO spending and the expense management Yeah, and I could cover on the projects, but yeah, yeah Yeah, sure. Would anyone like to wane on current blockchain technologies which are working towards sustainability? Maybe indu or dirjani Just want to add on one more Domain like where the blockchain can be heavily used is on the crowdfunding options, right? So it's definitely big time revolutionizing on Many startups are coming in on the way and there are many organizations wanted to get more funding to try their ideas And many of the time what happens is that trust factor goes in, right? And there have been some instances that like the fraudulent event as well have happened So blockchain kind of a solution can bring in more authenticity and it can really protect the Jonas and even the consumers of those funding, right? So that can help in a larger extent So that would be one use case which I wanted to add on to what you have been asking from a context perspective Preman the other sustainability part, right? I come from del So we believe in creating technologies to drive human progress to that aspect What we are doing is like when del making the systems like laptops and servers any product what it makes we have a goal to Reuse and recycle the products what we make and by 2030 So we wanted to have 100 percentage of the packaging materials will be recyclable one And whatever the product content we are going to make 50 percentage of the content will be renewable and recyclable And not only that we wanted to ensure the partners the suppliers and hover comes into the supply chain ecosystem We want them to be part of the circular economy so that we have a mechanism Not you're not just going to produce the systems produce the product We wanted to ensure that the way to recycle them as well so that the circular economy works earlier More concentration was on the linear economy But now we have to shift our focus into the circular economy any product you make you should know How do you want to take it back right so that we can avoid the landfills? So that would be one of the most aspect right to take care of these sustainability goals The supply chain regulators have a much more policies defined so to take care of that you need to have a very robust system to manage and track and monitor and control The whole process. So for example, you were talking about carbon utilization. So how do we ensure that? Really the organizations are doing the Expected outcomes right but to bring in more trust into the factor to bring in more Best practices sharing within the ecosystem. You need to have an Asset management tool which can really track this kind of carbon emissions as well So that from a sustainability aspect, we will be having a much larger ecosystem to cater and support That's that's very true Actually, there are a lot of companies these days which are claiming to do some kind of carbon utilization Be it zara or any of those fast fashion stores Maybe even gaps. So to what extent is that actually being done? Is that transparent information or is it a marketing gimmick, right? So maybe all of this like you said Can be really tracked with blockchain Transparency trust and traceability being the three T's of blockchain and family say so I think they've Johnny You wanted to add on something. Yeah, sure So first of all, let me tell you that why we are talking suddenly started talking about sustainability Five years back ten years back. Nobody was talking about trust sustainability, right? Now why suddenly we are doing it is because of the climatic changes and the global warm-up and all these things have Actually, we have started thinking in this context So climate changes could cost even I mean a country like us it's going to cost us 2 trillion US dollars per annum by 2100. So this is a recent report. So that is why we are all environmentally conscious and every year The walls is spending around 632 billion US dollar to combat climate changes issues and To bring a green ecosystem. So that is why and also the target is not that much the target is 3 trillion As as of now we are spending 632 billion US dollar every year and How this money is getting spent is through different carbon offset program. So what is a carbon offset program? It's basically any project that helps An individual or an organization To balance their carbon footprint. So it could be something like like what the individual was telling it could be Some project which is helping reforestation Or to capture, you know, a methane from the farm so that you know, it's not harmful Or surveillance of the landfill sites or the abandoned coal mines and Every metric turn of the carbon offset is destroying and I mean it destroys We have to produce an equal metric turn up Greenhouse gases. So so offset is balancing the greenhouse gases. So that is why I will tell you about some of the projects which are going on as of now. So one of the very interesting project is Gain forest. This is a solana backed project. Solana is a public blockchain So gain forest is a company that uses a combination of multiple emerging technologies to safeguard rain forests In latin america especially. So this is a government sponsored project where they're using Drones to capture images of the rainforest and they're using artificial intelligence and machine learning to figure out that Actually at what place of the rainforest the number of the trees are On the I mean decreasing. So in that space, they find out who is the owner of who is doing that so they incentivize those people so that They do not cut down for the trees. So this is one of the examples which is backed by the government is sponsoring that Quick clarification. So, uh, so they capture the drone data. They figure out who's responsible for cutting down of trees in that particular patch Where does blockchain fit into this? Uh, how are they tracking it? Could you tell us more about how solana specifically is being used here? Yeah, I I'm not involved in this project. But what I can figure out is they blockchain is used for expressibility. That means in every Let's say that we are measuring the number of trees in a particular Square kilometer area and they find out that these many thousand trees are there. Okay, so that goes to the ledger next time let's say in 15 days or 30 days they're again doing another Surveillance and they find that number of trees has decreased So, you know, the difference can be calculated from the historical data, right? So that is how they are doing it And I can tell you a dozen of other projects like there is token nori climate trade very tree farm vc So all these projects are doing something similar. So what they're doing? They are incentivizing the people who are involved in In this greenhouse emissions In one way or the other and you know, this is all funded by the government because you know, all this Trillions of sorry millions of us dollars that has to be funded in this project So that is why every company has started being conscious about how to You know, how to be participating in such kind of projects. Yeah, that's true I'm glad that you know, there's a lot of traction that sustainability itself is getting because that's really important And blockchain will like indoo and devajani everyone mentioned rightly It's something that needs to be tracked and blockchain will be an enabler of that thing Ritu just wanted to check quickly if you are audible and available Extremely sorry for I had been dropping off and on So I'll be so I could not hear a few of those but I think the first question which you had been asking right on the on how Blockchain could be used right so I had been already I mean Since this is this is too close to my heart. I would say first of all because first it's blockchain and second I had been, you know Giving back to society right from my teenage days. So So Yeah, I just wanted to ask you about that specifically So you did mention that you had a lot of volunteering experience as well being becoming a technical volunteer as well So to kind of switch gears from sustainability Just wanted to talk a little bit more about how nfts can specifically be used for social upliftment, right because Anyone maybe myself included most folks when you say nft The first thing people visualize is a crazy-looking monkey, right a bizarre monkey boardy Pudgy penguin and so on so in this panel discussion We want to understand nfts beyond that hype So can you tell us where it's being used in any context that would benefit the society from all your experiences like you mentioned All right. All right. I think great. I think this is one of the most misunderstood concepts I would say if I talk about nfts and you know what I feel personally also It's not you know as mature a technology to you know logically question So from my perspective what I see I'll tell you in a very layman language as to you know What all we do have in our houses, right? Whether you own a car or you own a you know A piece of land or it's your home. You always have an ownership record, right? You you get it something like a you know from a authority or your government authorities You you know that now people you can show that particular paper and say that you know I am the owner of this house, right or I'm the owner of this car or whatnot However, if you look at On the digital side of it on the digital art the way the you know the artist work There's nothing of that sort. So I think Especially on the on the areas on the use cases where actually ownership is something which Which could be taken up. I think nft absolutely suits well And you know what I was just looking at a month back or so. I think a 16z It's a very big for all those who don't know A 16z is one of the big, you know vc firms They fund a lot of web three projects cryptocurrencies and all and they have, you know Showed a report where they had shown that an average revenue Which is being taken by an artist by all these platforms You know the instagrams, you know, the youtube's and all it's around Point one two three dollars on an average. Can you believe and Looking at the context as to how people are, you know, these artists are making money on nfts is around 200 dollars Approximately, right? So you can see the difference and that's where, you know, it actually makes a social impact Because we see, you know people The artists who are very rich in terms of their talent, but not, you know, monetarily So I think this is something which is Which is absolutely good. That's one thing and the royalty extension of those royalties is also something Which is very, you know, good to look at because, you know, if you if you Basically have if you have that particular You are the owner of or, you know, the creator of that art and somebody sells that art to someone else You actually start getting royalties because of the smart contracts and things like that And, you know, I'll also tell you since I do a lot of, you know, NGO work I work on the CSR initiatives on girl empowerment and, you know, social, you know, environment sustainability So I'll, you know, tell you a bit of my experience and I related back to blockchain. So when I was in one of the villages Talking to the farmers, I see that, you know, they don't have The papers of land records. So, so when I asked them, you know, what happened, you know The he they'll say, Madam G Kaga which means in English is, you know, you I don't have the papers and so you can't claim Right. If you have these as, you know, public open ledger where, you know, you can keep these ownerships or, you know, as NFTs The records think about the benefit, right? So those are the things and one more thing which I'm really looking out. I think a few couple of weeks or maybe couple of A month or so, there is a concept of soulbound NFT which has come in, right? Soulbound NFT is, you know, exactly like, you know, Until you are alive, your soul is going to be with you, right? So it's it's more like you can't transfer it to someone else So all the certificates or, you know, your birth certificates, your mark sheets or your degrees, everything is something which you can't transfer And that's where, you know, it makes NFTs have started making more sense towards, right? So those are the things I would say from a from an NFT perspective, it is going to really help us and If I may have another two, three minutes, I would like to, you know, add Some part of, you know, flavor of NFT in some of the projects that have been working Can we circle back to you towards the end? We can have a talk where everyone talks about some project that they are, you know, working So, Prisley, I think you Yeah, go on and We can just one thing I want to add on right when we are talking about NFT So the digital identity in India have revolutionized big time in the last three years, last couple of years, right? So I got to know a surprising element that one of the techie, okay, a software engineer who is in the system for so many years He didn't want it to have other on his own Just because of a reason that his data privacy gets impacted and he feels that a lot of other cards have been compromised in some of the other Scenarios, he doesn't want to have his own other card So so with the digital identity coming in digital inclusion happening at the same time Securing the data and the data protection is a vital thing. That is where blockchain can come into play and other 2.0 is going to come in So there is a big initiative happening around that It is going to get enabled with the blockchain as a technology With the blockchain and AAML solutions, it's going to get much more stronger Like other 2.0 kind of a projects are going to bring in a major difference to what we see from a social upliftment perspective That's that's great. That's something I didn't really know which is Really cool because it shows that countries like especially India is really embracing the technology and Trying to do what's best for its citizens by leveraging blockchain, which in itself is a social good. So that's really awesome. And I think In this discussion so far, we've learned a lot more about NFTs than I have learned in quite some time because It's not just about art and digital art. It's much more than that digital identity data protection Ownership of documents like of land like Ritu mentioned. So There's a lot more to it What I'd like to add for the audience, which is a very important I think NFT is being considered as like a use case kind of thing We what we need to understand from a tech perspective that NFT is a smart contract, right? Every implementation of blockchain has a token involved So when we say that if it's beyond borat, that's just a collectible that Is utilizing a smart contract say an ERC 721 or Yeah, if there is a currency exchange, there is an ERC 20 or 1155 So all implementations of blockchain are using NFT. So that's one thing that the audience needs to understand It's not a use case per se. It has a utility but It's being used in all all the implementations All right, definitely. Thanks, Shristi for calling that out So Pristhi, I think you had a question for Shilpa, right? You can take it So Shilpa, you had mentioned that you worked on a project on open finance infrastructure for health as an investment So can you tell us more about this project? Sure. So there are two ways to look at open infra for financing infra for healthcare So one we were just talking about NFTs, right? So as Shristi has well mentioned, it's just a smart contract Which is over a you know, non-fungible token Our health data is actually a form of it could be an NFT able Information that could be used You know for improvement of research Now if there is a way that we could all Demand what kind of cures what kind of initiators what kind of improvements that require to be done in healthcare system We could have an investment opportunity to invest in the kind of cure. So right now there are 7 000 diseases That are classified and the cure cures are very few compared to the number of diseases that are there And we all see that there are many incurable diseases that don't have many answers Even when you go to the best of the healthcare treatments Now the conversion of clinical trials is barely 10 to 20 percent And we as the people Demand could demand more and there should be a way that we could invest Pre-invest in getting better coverages Now if there's something like a blockchain where where you could tokenize and incentivize your own data Then every time your data is used during healthcare research You should be a part of the research process You should be tokenized and incentivized So that you have the access to that information of the research that is going on Second if you want better treatments, you should be able to demand that as as an investor as a person as a consumer as well So this kind of an open finance platform would actually enable people to demand better and also invest better Lastly, I think all of you all mentioned about where grants and charities are going right now There's not much transparency sometimes out of empathy We do see a lot of on social media and we want to help people But is the money really going to that person is always a concern right about what's happening to your Harder money in the process So if there's a transparent shared ledger that literally shows you how a grant a fund is actually utilized from the point of bank statements Maybe you know the smart contract could check a particular bank statement of the person that is reaching You know how it is being used where it is being used at the same time you would be you know a lot more stress We you know giving contributing to these kind of charities So that's where you know blockchain and this open financing infrastructure comes into place where you could transparently trace every penny every amount every Data that is flowing in the ledger and the incentivization and the tokenization of that Would enable the demand supply of better healthcare treatments and research to come closer So that's what I'm very passionate and yeah look hopefully everybody gets the healthcare that they deserve Thank you for sharing about your project. It was super insightful and definitely a thought provoking project Now coming to Indra Madheem We have now spoken about a couple of projects which are being used for social good So what do you think is the role of open source in such initiatives? You know with perhaps hyper ledger context Yeah, open source has been evolving drastically in the couple of years right I come from gel where we have been using more of enterprise products And now we have really revolutionized on the open source project as well So we have been experimenting prototyping and then we have been productionizing as well So in that world like open source projects like we have a great community to Really get various solutions with the ever-changing needs with the challenges what comes on our way from a security and multiple friends It's very important to have that ecosystem in place And I'm really happy that hyper ledger is one of that forum where we could actively get a lot of support From an addressing the vulnerabilities picking care of the threat modeling. So many other support. It's happening and And it gets it has more flexibility as well, right? You don't need to If you go to any paid Enterprise products, you need to have that investment in place Blockchain is one area where we have been experimenting in some of those Places before you get to understand how you can effectively use those tools You need to experiment and feel confident about what you are doing for that Definitely hyper ledger is one of the platform where it is helping and we have been seeing that it has both options of permission Blockchain and and even you you can have an enterprise blockchains as well with the with the permission and with the permission list and You can create a large ecosystem on its own for example Say that from a carbon management perspective, right? You can create a strategic tool To really measure and track the low carbon management within the supply chain. So to do that The big companies can come back and create a kind of a platform And they can allow some of those pluggable architectures to partner with the various supply chains stakeholder so that it becomes easy for them to Try the new technologies at the same time. They can feel confident about it and over the time They will reap all the benefits of the blockchain the flexibility part the agility part the real-time transactions The traceability part all can be achieved once you have this ecosystem in place. So definitely it's a huge Area and we would welcome everybody to be part of it. It's not going to be earlier It was much in finance domain now we see more in more in supply chain and even healthcare industry Many other industries are leveraging the technology. So open source would be one great way to start on the blockchain journey So just to ask a clarification here, right? You did mention that we want to use blockchain to sort of track for carbon Neutralization of settings sort of a thing. So if we're looking at it in the supply chain context, let's say a company like Walmart where I work if we want to Sort of be able to measure what is the current carbon footprint that our company is currently producing not the company as a whole Maybe even some small subdivisions as such. How do we go about measuring that before we actually put it into the blockchain? Is that something that you want to talk about? Yeah, definitely if you take up the supply chain as an ecosystem, right? You start from a designing the product perspective, right? You start designing the product and then you start procuring those raw materials needed to make that product And then you go into maintaining that right inventory levels Then you start doing that Logistics management, right? Shipping the 10 product and distributing those products to really see the whole ecosystem Say for an example, when you design a product, what you should be doing is To measure the carbon levels when you interact with your suppliers and partners, you need to have your own regulatory mechanism Okay, whom you should be buying those raw materials from or for example, you are making the product Okay, maybe in a factory when you're making it You should have a mechanism to start tracking how much carbon you're omitting out of the fact Please work your owning up, right? The whole ecosystem like even procurement is a big strategic process When you deal with the suppliers, do they even have a similar kind of strategy like how you are dealing on the carbon management? Right and similar to that the low carbon management is a big Initiative across supply chain now many other bigger organizations have started adopting it and the suppliers and whomever they can influence Right from a stakeholder management perspective They can share those best practices how they are able to manage it so that it can really improve When you come back to distribution and logistics part, right the material what you make For the packaging that's one aspect other one the bigger aspect is the transportation You really see from an overall supply chain management Where the waste goes is like 80% it goes in the transport management and logistics piece Right if you can have a better control over there You can reap really lot of benefits and you can start Moving towards a green revolutionary world and moreover when you design all this blockchain solution You should think about green computing green coding, right? I know blockchain would need a lot of power and resources So we need to have more mechanisms around the open source technology as well to minimize those Computation power and wherever the resources we would need from a system perspective right in proper perspective Or we can optimize those resources so that we can contribute to the green coding as well Just like to add When we just do for an example what you're saying for the carbon You know offset printing what would essentially happen is of course We've understood the dynamics behind that and the need for it But what how blockchain would be implemented as such would be if the different partners are actually, you know Able to contribute. What is the offsets carbon footprint offsets? They are contributing and there is a unified platform which records the data On the blockchain technology and which is shared transparently between the ecosystem partners And in a sense if there is any excess that can enable trading for others And this is something which is being done and this is how it's actually done for you know carbon Where where there are projects where are actually working on carbon secretation in multiple forms The offsets are available and those offsets Contributors like so for example, the different participants in walmart would be able to contribute that that would give a visibility to walmart within the local subsidiaries And that would give a bigger picture to what is the carbon footprint offset that walmart is doing Is it an alignment with what you want to do or you don't want to do and in a sense that it's a product And you feel that there could be excess you could enable trading where there could be a governance associated to it You could have a token Uh, and you could mention projects and this is something that is being done globally like I wanted to add previously also When you have these carbon footprints or you have projects available people can come in There would be governance tokens where you can invest in those projects and you can buy the carbon offsets And the carbon and offsets so so that is essentially how we need to understand that the blockchain would not be a part of the ecosystem Or the nuances of the ecosystem It would be a technology which would be able to record all this transparently that would be wine part and the other part definitely would be that Uh, you know all this sequituration and and the carbon footprint is being recorded in a database So there's a registry which Stores all this if that can be done on blockchain it becomes more transparent So that comes from the ups sourcing part of it where you have a insight into the traceability of how the footprint is coming Whether it's coming from a forest which forest which location and the other bud would be a trading part Where you can have an insight into the whole contribution as well in exchange enablement can be done using the platform Sure, Shilpa you want to add anything? Yes Having worked in supply chain and manufacturing one more thing that you know practically is done is binding the iot devices in different stages So that that data directly comes into the ledger in a tempo proof manner Now why this is important is when when a large logistic company or a large manufacturing company is working They work with multiple third party contractors and a lot of wastage happens when it's not fully in control of the So, you know host company as well So when everything is under governance through these iot sensors actively Sometimes the process that is manual is a little more conscious. That's also adding a huge Deal when it's you know on a immutable ledger So if your third party contractors are aware that it's going on to a ledger that is going to govern it actively Then practices are a little, you know, definitely much more in control as well and that behavioral change automatically makes a huge value Yeah, yeah, definitely. Thanks, Shilpa If the one more thing I would like to add here is like quickly that we also have to Consider that how much electricity a particular organization is You know consuming that also adds to the card one of things so And also while choosing a particular blockchain, let's say that we are using blockchain for this technology, which blockchain we are We are selecting like let's say, I'll tell you example like bitcoin In its proof of work model consumes around 1.25 into 10 to power Eight joules per transaction ethereum is pretty much similar When it comes to polka dot it's one six six three joules per transaction transaction and koda is 24.6 joules per Transaction, so I believe that hyper ledger fabric and koda are equivalent So while selecting the blockchain that you are going to use in your project You also have to keep this in consideration that whether it's Something that is environment friendly or not. Yeah, definitely You know continuing along what you said if anyone has any Knows any projects which is currently leveraging any of the hyper ledger projects for social good, not necessarily Sustainability anything education Diversity, you can probably shed some light on that shrishti Unfortunately, it's not on hyper ledger, but I can share about a project if that's okay. Yeah, go ahead Yeah, so what we've done is this is again, you can say from a social it's it's it's project for token for social good Essentially, this is for an education university Where they want Mentors to give train and and provide Research lectures to the students. So how is that happening is that we've enabled a token for this? Like a token for social good And So the mentors would be rewarded with the tokens for you know doing the lecture So it what so instead of just being completely open source So if I'm I'm a blockchain trainer and I'm going to provide training session on say Fundamentals blockchain to work society I own certain tokens and with that token you I can There are service providers available on the platform which are providing different services with regard to utility These can be utilized on that So these these are some of the projects which which are being done Where you know you can enable social good and also incentivize in a way which would be Helping the contributors to it So one more project Deepika that I'll tell you about two different projects that I I haven't been part of but Just sorry to interrupt but would it be okay if we circle back to you because we are running a bit tight on the time? Is that all right? I will come back to everyone sharing their personal projects But in the audience we see that there is a question about them wanting to know a bit more about good fintech blockchain solutions So I think Shristi Ritu had you know, you folks wanted to speak a bit about that. So we recently hosted a discussion on cvdc's prissy. Would you like to take this question? Hi, yes. So Shristi We recently hosted a discussion on cvdc's as part of our women in blockchain series And there was a discussion on how blockchain is being used in the banking sector So can you shed some light on what is financial inclusion and how blockchain is helping that cause? Yeah, definitely. So so in a broader context, uh, what I'd like to Why what I'd like the audience to understand is that we're already having a traditional banking system What we are trying to innovate and implement with the technology per se whether the blockchain or dlp Is is kind of enabling and open finance Where we could get one accessibility so that we could serve the people who are unbanned to uh, a transparency Uh, and and three more of efficiencies with regard to the removal of the Intermediaries. So that's that's more from like a perspective of open Finance you can say or a decentralized finance or d5 how we put it and we talk about fintech Solutions here, of course all the solutions across the banking whether be lending whether we borrowing whether it's a prediction market whether it's a derivative trading or or different Use cases alone tokenization all all those have impact and beneficiaries if if those are implemented on a blockchain or technology. So for example, uh, if you're working on One in the one in the client with one of the leading banks in Uh, globally is is on a use case of loan tokenization. So what that essentially means that your securities and bonds Would be tokenized and the dividend payouts would be done Transparency through the platform which which of course we have built Uh, what are the benefits as compared to an open banking? Of course, uh, one is again that it ensures 24 by 7 liquidity. You are not limited by time zones You're not limited by hours And of course the transparency and then also a fragmented approach so that no barrier, right? You you can have assets and then you can and take it In in small fractions or the procure the assets and the payouts of course happens through smart contracts Which makes it more fast. Uh, and and that leads to the efficiency. So that's one example I could move further if if the time permits Yeah, we'll again circle back to that because that yeah, yeah, sure A lot of uh topics that we still want to kind of come Yeah, uh, but it was uh, great to know that, you know, um, blockchain does promote financial inclusion to a large extent Um, so one of the other questions that we had is uh, perhaps, you know, indumati. You can take this so, you know So senior director at del you bring in a perspective of how corporates are run like you mentioned initiatives that run parallel to your day-to-day business, right? So, um, how can we create for-profit organizations which actually leverage blockchain for social good While also having a practical business model Yeah, uh, definitely. I can just connect to one of the use case what we are working on now So blockchain as a technology have been evolving for some time. So what we should be doing here is As an organization, if you get an opportunity to work on a certain domain, you should create some solutions Kind of a pluggable and reusable components, which you can create so that any partners can leverage that with a very minimal Cost with a very minimal time and effort like they should be able to start those solutions Like that we are doing one thing on the supply chain material Uh, movement process material management process what we are doing where what we are doing is like from factory We receive materials and from the factories like the rest of players There will be some logistic partners who will be interacting with us They may not have the whole ecosystem like what we have in del instead what we are giving them is like a small Pluggable solution so that they can just plug it in their own IT ecosystem and do it even in some cases We give them some kind of an Good tools and platforms so that they can with just a browser clicks, right? You should be able to connect with us and they should be able to do the transaction Likewise, the focal companies should be able to create such a platform So that anybody should be able to come and leverage this kind of technology and it's going to transform big time So we should be really giving those provisions so that even in your companies startups if they want to experiment Certain things we should be flexible enough to partner with them and create the larger ecosystem Fair enough. Uh, Shilpa, would you like to add on to this perhaps? Charlie so I think uh in terms of right now like in uh, you know like, uh, sorry Yeah, so in terms of like the current uh situation There are like, uh, you know mechanisms that are required for e-consent mechanisms as well So e-consent mechanisms by that I mean that every time anything is used our data There should be a way that you know monetization happens for it and with this facility There is a lot of financial inclusion that comes in because every time your data is being used You get rewarded for it now That's very important even in terms of healthcare and like there are e-consent mechanisms initiated by a linux foundation public health along with hyper ledger indy and This actually helps us to give us a base that allows this, you know to on different industries And that's where I see, you know, like the sustainable model for, you know Such businesses to run on and it makes a win-win for participants that are getting on the blockchain As well as companies that are leveraging this as well So that's what I see as as a financial model that could sustain in leveraging such infrastructure That's awesome. Thanks I think one more thing, you know, leading on from healthcare is pharma pharma is a big industry So we just maybe you can take this right covid kind of disrupted life as we know it So how did and there were a lot of new processes that came into the picture vaccinations covid certificates and so on so what are some ways in the pharma industry where blockchain is leveraged And maybe specifically how did it have during covid that jhani and maybe ritu can Okay, this ritu would you like to start? Yeah. Hi. Hi. Thank you so much. Um, can you guys hear me? Okay Yes, okay. Okay. So, um, one of the projects, I mean, I'll just quickly You know talk about it because I think time is short. So one is which is about, you know, counterfeiting So I was going through an article it actually talked about how counterfeiting drugs are, you know, entering the Our own system It's around 30% of the drugs which are there in developing countries. They are, you know, counterfeit So that's where, you know, blockchain could help. I was looking at why there's so much counterfeit is happening So one two one or two specific reasons which I could find out was Since the data is, you know, in silos, people are not able to, you know, look at this entire Visibility or traceability of the drug, right? So they don't know if they are consuming a Fake one or not and there's an entire process which goes the the pill which you are taking today It's actually being conceived at so many years back and all that drug discovery and, you know, clinical trials and all those things, you know Happen. So the kind of visibility which blockchain could give, I think that's something which is to be, you know, seen at and Lot many people are working on this The other part which, you know, is is quite quite a case for blockchain, I would say is, you know, clinical trials So clinical trials Basically most of the time what happens is, you know, the consents are not being taken So clinical trials, I mean for those of who you do not know, these are, you know, when the drug is being made They are being tried on patients of history or maybe not of history Right. So those those drugs have to be tested before they enter the market. That's what the clinical trial all talks about And the people who participate in these trials, they are either, you know, when the drug changes, they don't get a consent Or, you know, they sign on a expired forms or, you know The the the actual investigator does not sign it or maybe signs as a last page and, you know, There are parental permissions which have to be taken, authority approval and so on so forth So where this actually goes into good is what I'm getting at So if there are any, you know, drug adverse drug reactions which happen or, you know, God forbid if the person, you know Doesn't, you know, survive for some reasons, then there is no way to, you know, their families to claim for any insurance at all Right. Because on papers, I mean, there was no, you know, that is something where, you know, blockchain and, you know, pharma could really help Right. So to add my experience, I did a very interesting project. I believe that most of you would be interested This is a project for seamless travel in airports where we had to use corporate certificates So this is for an Asian country, a huge airport where the number of travelers is very high So, uh, using some, you know, decentralized identity platform and by metrics The traveler is sharing all the data before even, I mean, 24 hours before the traveling happens And when the traveler is actually, you know, traveling and entering the airport From a distance, the camp airport cameras will be able to know that who the person is and match the records And if all goes well, then all the check gates would automatically open for the traveler So this is a wonderful use case, which is still in pilot mode and may go live pretty soon In some parts of the world, similar use cases have gone live like in London airports I have heard that they have implemented this Okay, that's actually really interesting. That's super cool. Thanks for sharing Prisley, would you like to ask any further questions? So Dabhajani, your books have been translated to Chinese and German And could you like, you know, say more about those? Yeah, I mean, I started writing about blockchain from 2017 when the industry was not that much conscious And like some of the projects that I participated in initially because, you know, most of the organizations had got very little funding into it So I worked independent for a couple of years to gain understanding and be part of many of the projects Which are one of the first in their area, like, you know, I worked in a money market project Instant settlement in the money market, instant settlement in capital market in Switzerland So those are one of the first and they have been awarded for their groundbreaking Innovations and I always wanted to Convert that message to others. So that's why I started writing books I believe that many of Many of what the projects I did, they are Set as an example, you can find them on our recorder website and all so yeah That's absolutely wonderful. That's really cool. I think Shristi, I mean, leading on from what Dabhajani said, right? It's a global movement right now any new initiative that you're trying to bring in We'll have to work across countries and the way things are currently they'll have to work across blockchain networks as well. So Can you kind of help us understand some projects you mentioned polkadot, right? So how is blockchain interrupt really important for social initiatives any project ideas Potential projects are existing projects which leverage interrupt to achieve any particular use case socially Yeah So In the first place, we need to understand what is interoperability, right? Because we're having a large network And different networks and and you know, there are evolving blockchains coming. So there is We are having layers zeros like polkadot layer one and then the ever evolving and increasing layer twos Which is happening because of the need of it, of course, because we want to scale it So it's very important that we have a platform or a solution where it's interoperable, right? Because so that there are no gaps and and people are not fixed and not You know, and there's not waiting time. So so so that That's one part when we say that about interoperability and where it is important, of course in multiple use cases. So like globally we are working on A solution with the European Commission Where we are trying to establish an interoperability between different networks of telecom operators, right? Between and and this is different consortium blockchain smart contract capable chains Like we are having public blockchains like avalanche teasers and how the movement would happen We when we say that it's real time, of course, it's not real time It's near real time because you know, even the transactions which are happening Through the validations and consensus needs time But in a sense, it's more much more effective with regard to any other solution Another interesting solution that we are working which leverages This interoperability is of course With one of the leading central banks in the country Where we are trying to establish a platform where we can do the letter of credit letter of credit is LC, right? The issuance across the different banks and subsidiaries So when you talk about a central bank, it has many hubs, right? And the issuance is moving through the CBS and the core banking system And there are many challenges which have happened So if an interoperable issuance and can be done, that's another interesting project we are doing Of course, there are latter parts involved where we would also want to get the trade in settlement part So lots of things actually and interoperability is inevitable Like we say that it's indispensable for layer two solutions for the scalability part But of course, to remove the fragmentation and challenges bridges Of course, will be one part where we talk about transfers between the two solutions Where again, we are looking for interoperable solutions And second would be an interaction between the networks And Polkadot is one great example where it's interoperable web-free internet How they position it Yeah, definitely. I think Polkadot also has this spin-off called Kusama Which is kind of doing the same thing So yeah, that's great to get some insights Folks, we're in the last 10 minutes I know all of you have worked on some fantastic projects And I'd like to hear them as well Sorry if I've been pushing it till the last minute Indu, I see that you want to go ahead Let's do a round table kind of a thing We'll go around and everyone can speak for a couple of minutes About anything that they want to talk about Cool, yeah Just one thing when we were talking about so many projects I just wanted to bring to a notice that Gomanthapindia Is doing a lot of blockchain projects To build the trusted digital platforms I would urge all of the enthusiasts here To be part of some of those initiatives To bring in a difference to our country And the next thing would be like There are two different projects That Gomanthapindia have implemented One for the drug tracking logistics solution Where the free drugs for the people It can be tracked online That was implemented with the blockchain technology You can just go to the platform and see It's there in the Gomanthapindia website Similarly, there is another project called Academic Certificate Document Which is implemented based on the blockchain technology For the CBSC students Like for 10th and 12th grade people Any time they can just go on And refine their marks and credentials in the website So that's also implemented using the blockchain Where many times our certificates get validated Now that it's becoming one place Where without having much of a dependency They should be able to go and check Anybody and anyone can go and do that So there are some good Gomanthapindia projects Which is really going to help us From the social uplift standpoint And I would urge the industry engineers To contribute there So that we can have a secured better society Thanks Secured future pun intended So yeah, I actually went through the document For the CBSC leverage The results leveraging blockchain And just to bring up a cool point here The Hyperledger India chapter Is something that is very prominently mentioned there Because I believe at some level They are utilizing the fabric capabilities I may be wrong about this But I know for a fact that Hyperledger India chapter is mentioned in that document So that's like a cool thing for all our Hyperledger evangelists here So yeah, I just wanted to point that out Maybe Shilpa, would you like to go next? Charlie, I think the power of community Is the best part with respect to blockchains Because open source building in the open and everything So I think when I speak about healthcare I think it's not about one organization Doing something, you know It's going to be a collective effort To make sure that the broken systems in healthcare Are going to join, you know, in different forms And I'm sure we are all working in different sectors But I think it all comes into one common picture When we are building it in the open So that life is better The work, I mean the experiences And the processes that are getting blockchain Get better and better governed So let's all make sure that we are contributing Through these communities and add to it In this open source environment So yeah, I think look forward to that Thanks Shilpa, your passion towards healthcare Free and fair healthcare to all is shining through In this panel discussion It's really lovely to hear that Niritu, would you like to go next? Yeah, I just want to add to what Indu told I think an year back also Modi Ji also launched kind of a blockchain-based Digital degrees in IITs I don't remember I guess in IIT Kanpur But it was one of the IITs So I think it's still paving the way To a lot of, you know, that kind of work Yeah, definitely You did mention during our discussion That there is a specific project That you want to talk about Is that correct? Oh yeah, I think a few I had two projects But I think a few of the ARCO panelists Already talked about it So I'll just quickly share upon Two different projects One is of course The way I look at People are quite hesitant When I go to them for any NGO Or girl empowerment kind of a scenario So they are quite hesitant In giving or supporting And the reason is that The trust is not there They don't know where their money is going And that's what me and one of my childhood friends We are, you know, building up this platform Where you could see entirely where your money goes So that's one And number two is on the education part Where, you know, I have actually been This is under ideation So it's more like When you start, you know, contributing to society In a way where, you know, all our discord channels WhatsApp channels People are, you know, just building up communities Right For, you know, learning Right So for example, you have a hyperledger discord channel Right So what what we have done is In a very early, you know, alpha stages That we have a bot Where if you answer a question Right You get some tokens or rewards Those are, you know, consider them ERC 20 tokens And if you accumulate those tokens to a level Say, for example, 20 tokens, right You will be given Or you will give an option Or a chance to buy an NFT Which and which will you can, of course, buy it from the tokens Which you have accumulated And those NFTs are something like, you know, to You a ticket to a token gated community itself Like, you know, if if Linux foundation is hosting an event You can get, you know, 65% off or, you know, even free Of course, which might be paid for the rest of the public But then because you have helped so many people To, you know, learn and, you know, expand And that's where, you know, that that comes into play So you have ERC 20, you have 721 The tokenization part The incentivization part and then learning And, you know, developing the community Come to a level where, you know, they can They can do better Yeah Yeah, those are some really fantastic Very, very innovative ideas Thanks for sharing I'm sure the audience have taken away Quite a bit from that Thank you Okay, Devajani, would you like to share your thoughts? Oh, God, so I got certain dreams about blockchain So three, four dreams that I'll quickly Now update So first one is like, these are the dreams Which would resolve some of the biggest problems In the world First is food So we know that 30 to 40% of the food Is wasted across the globe Even in a country like US So we need good supply system Supply chain system in food So that is number one for blockchain Number two is water We know that 3% of the world's water is freshwater And 1.1 billion people across the world lack access to water Directly Even right now in Wall Street People have started trading water as a community So that is why I want that in future We have to keep, you know, all the All the utilization of water that Be it an organization doing An individual doing A country is doing A state is doing Everything should be on blockchain So that is my future dream The third dream is A digital identity for all So that is the biggest project regarding this Is ID4D This is a World Bank project Which has got a vision to provide Identity to everyone on earth By 2030 So currently more than 1 billion people Do not have any type of identity So any digital identity So that is what is also one vision That we have by 2030 on blockchain And this would also lead to responsible social media Like, you know, Twitter, Facebook You know, we won't be able to see any Fake identity And people can interact in a more responsible way So and also research Many different new use cases would be possible If we have a proper digital identity Back to ecosystem So those are my dreams Thank you That was very well articulated They say never give up on your dreams Doesn't mean you go back to sleep It means you actually act on it And being blockchain evangelists, engineers and developers I think we need to really brainstorm On how blockchain as a technology can be used To solve these real world problems And I think the 4-5 dreams that you mentioned Give us a very good structure or framework To ideate on So yeah, thanks for that Sisti, would you like to go next? I'd like to highlight few of the good works Which is happening So World Economic Forum is one of the organizations Which is actually leading emerging tech And we're initiating a project with them On the smart city perspective Where, you know, the data sets Between the different entities involved In a smart city could be monetized And an exchange in a marketplace could be enabled So that's another interesting use case And a project that we are essentially working In India with nearly 40 to 50 smart cities And that, you know, the impact is evident Where we know the data is the new oil So why not, you know, use it to make something So that's one thing Which I'd like to share with the audience Which they could also look into Which is like an interesting angle Another like, I think that Viani mentioned Regarding social media So essentially what's happening And we are in discussions with a lot of the clients And delivering some of the solutions Could not take the names But digital rights management Is another interesting use case Where, you know, the patents can be protected one And more from an open source point of view There are platforms being enabled in progress Where you and me as creators would While we are already contributed to the big organizations We can also have ownership to the content And also get some incentives beyond that And there would be definitely a loyalty mechanism associated So these are two interesting projects I would like to mention, apart from another one Which we are currently delivered in Dubai Where it's a DAO which we have enabled And again, a non-profit When we talked about like a business model An inherent business model with impact So what it does is that you can have your projects You can put in your proposals, right For different projects So it can be a house that you want to prepare And you need a fund for that It can be maybe a shelter that you need to provide Or something like that And grants are allocated through the platform Through a token which they have enabled And in a sense, currently it's of course a non-profit But if you see it in the longer vision When there would be a large number of consumers An adoption of the platform That would lead to a value creation of the token Which essentially right now is a smart contract And essentially it would have an inherent value with that And that's where the business model impact would come Maybe in a time period of three to five months And that's how the non-profit organizations Would actually be able to benefit from these initiatives While also contributing towards the ESG frameworks Or their sustainability goals Right, yeah definitely And you know speaking of DAOs Come together to achieve some kind of a goal Right, and I think one of the few DAOs That became very popular was the constitution DAO Because people wanted to buy the US constitution But you know that aside, a DAO That has been really super helpful in the recent past Has been the Ukraine DAO And they managed to actually raise $3 million in Ethereum To be able to fund the Ukraine army So that clearly is a really good example Of how social society can benefit through blockchain And yeah, I mean I think there are a lot of resources online Also how to get involved with DAOs Even if you're not a developer Be it HR person, finance person Anyone can really get involved with DAOs You know purchase some tokens And actually work towards the upliftment of Not specifically upliftment But work towards the cause that the DAO has been formed for And if philanthropy and social work Is something that you're into Find an appropriate DAO There's so many related to sustainability Women empowerment, education and healthcare also So you know that's something That you can definitely get involved with So I think we have completely run out of time now So it's been a wonderful discussion with all of you I think we learned so much more about blockchain today Many real world use cases went beyond NFTs Went beyond the hype words And really understood how it affects the people You know at the grassroots level Including farmers and how blockchain can really help Solve very very real world problems You know I've had a wonderful time with all of you And I hope you don't mind the puns and jokes That I have trapped in the middle But yeah, thank you so much for taking the time out To be here with us today And at Hyperledger Foundation We're always towards open sourcing Helping everyone in the community So if anyone's out there who really wishes to contribute Towards social upliftment A great way to do that would also be To start contributing towards Hyperledger itself So yeah, Prishti Would you like to give the closing thanks Before we hand it off to Kamalish So as we are winding up our session We would like to thank all our panelists Shilpa, Indumazhi, Ritu, Davejani and Prishti For taking time out of their busy schedule To be with us today And for sharing your valuable insights into this topic Also we'd like to thank Hyperledger India Chapter And saying this group For providing opportunities for our communities To speak more about these upcoming technologies And to learn from one another Also thank you to everybody else who supported In organising this session And putting it all together And a big thank you to all our lovely audience members For joining us today Thank you all and have a great day Thanks Thank you everyone Thank you for having us Thank you Thank you Have this panel Yeah, see you all Kamalish, would you like to take over? I believe we have a networking session now Yeah Yeah So thank you Deepika and Prishti I think it's really, really nice, interesting And thank you Shishri, Shilpa, Davejani And Indu, Ritu joining with us And I think you all talk about the sustainability Social goods So maybe you can check out The Hyperledger Social Impact Group We have their interesting project in the social impact And there's another SIG like climate action and accounting You can then also look into that That kind So thank you for all joining So I think Julian We can stop the recording