The next Dhwani talk will be by Prof. N. Viswanadham, on bitcoin and blockchain, on the 12th of April 2018. Bitcoin, the most popular of the many crypto-currencies available today, has been in recent news a lot. The viability of a decentralised currency may be questionable, but the technology makes bitcoin possible is revolutionary and can be put to many other uses. Please join us for Prof. Viswanadham’s talk. Time TBD.
New technologies such as mobile Internet, IOT, Cloud, Big Data Analytics, 3D printing, Blockchain, Digital Valets, Drones, and Driverless Cars are creating new industry giants at the cost of old businesses. Use of machine learning and AI is becoming the new norm for decision making both in Government and Industry. Start-ups in every area such as Edtech, Fintech, healthcare and entertainment are disrupting well-established institutions such as Banks, Hospitals, Movies, Universities, etc.
In this lecture, we first introduce the concept of cryptocurrency and compare with other currencies such as Fiat currency like the Dollar or INR. Bitcoin, a digital currency, was launched in 2009 by a mysterious person (or persons) known only by the pseudonym Satoshi Nakamoto. Any digital currency has what is called double spending problem. Blockchain provides the means to record and store bitcoin transactions in a secure way. Blockchain has many applications beyond bitcoin in healthcare, Finance, Government, Traceability in food chains, etc
Blockchain which is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible — a house, a car, cash, land — or intangible like intellectual property, such as patents. Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved. In the food business, Consumers are always concerned with the origination of products, the authenticity of goods and the transparency of their transactions. For example, Consumers want to know that the food they buy comes from reputable sources and not contaminated. We discuss the application of Blockchain for creating food transparency.
The lecture should be of interest to industry folks, researchers and startup owners
About the speaker:
N. Viswanadham is INSA Senior Scientist in the Computer Science and Automation at the Indian Institute of Science. He was Professor and Executive Director for The Center of Excellence Global logistics and Manufacturing strategies in the Indian School of Business, during 2006-2011. He was Deputy Executive Director of The Logistics Institute-Asia Pacific and Professor in Department of Mechanical Engineering at the National University of Singapore during 1998-2005; before 1998, he was Tata Chemicals Chair Professor at the Indian Institute of Science (IISc), Bangalore.
He is the recipient of the 1996 IISc Alumni award for excellence in research, and the IISc Distinguished Alumni Award in 2009. He was awarded the 2012 Prof S K Mitra Memorial Award by INAE.
N. Viswanadham is a Fellow of the IEEE, a Fellow of Indian National Science Academy, Indian Academy of Sciences, Indian National Academy of Engineering, and Third World Academy of Sciences.
Professor Viswanadham has made significant contributions to the areas of manufacturing, logistics and global supply chain networks. He is the author of Four textbooks, Ten edited volumes, over two hundred forty journal and top tier conference papers. He has written several thought-leadership papers on logistics, manufacturing, services in India, some of them are sponsored by CII and FICCI and most of them are published by industry magazines. His book on Performance Modeling of Automated Manufacturing Systems is followed worldwide and has been reprinted six times. His new book Ecosystem Aware Global Supply Chain Management addresses path breaking methodologies for redesign of global supply chains integrating performance, risk, innovation and coordination and execution.
His current research efforts are on Food Security, Supply chain transparency using smart contracts and design of competitive business models. He mentors several startups in the logistics and supply chain areas