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2 December 2019
Pandey occupied a number of managerial positions in various domains including Customs modernization, trade facilitation, risk assessment and enforcement, as well as bi-lateral and multi-lateral cooperation. Marloes Pomp is the Initiator and Program Officer for the Blockchain and AI projects within the Dutch Government, including projects in the field of digital identities, logistics, healthcare, finance and food.
Both coalitions are a jointly developed partnership by government, industry and knowledge institutions. Together they have a leading role and joint responsibility for the success of the solving societal challenges and making a major contribution to new economic activities. Leila most recently served as an appointee for President Obama at the U. She also held senior roles in management consulting, helping clients around the world improve efficiency, increase FDI and advance economic growth.
Leila began her career at the U. She has also advised the World Economic Forum during their Annual Meetings for three consecutive years. Leila earned a Masters degree in international economics from Columbia University where she was awarded a Program Assistant Fellowship. She also earned a B. Doug is part of the growth team at komgo, responsible for sales, onboarding, client relations and customer success.
Dale Chrystie is business fellow and blockchain strategist for FedEx, based in the Memphis area. Dale's career in transportation began more than 30 years ago at Con-way, Inc. In addition to his work leading the first proof of concept at FedEx using Blockchain technology, he has extensive experience in strategy, quality, process improvement, portfolio management, human resources, operations, sales, education, risk, and standards development.
He holds a degree in education from the University of Arkansas, with an emphasis in teaching adults. Bob Gravestijn is an intrapreneur who helps organisations build and grow new business ideas, with focus on quality, efficiency and value. Recently, he participated in commodity trade blockchain projects that became successful startups; VAKT and komgo.
R project which has the goal to be a neutral innovative global trade business collaboration tool; an open, decentralised platform infrastructure reshaping supply chain management and facilitating innovations in the supply chain.
In addition to strategy, she also covers trade governance and global standards initiatives. She joined from Asian Development Bank where she was a senior economist working on digital trade, trade finance and innovation.
She has also worked in both the public and private sectors on export promotion, trade negotiations, and labor issues. Bart is founder of Seal Network, an award-winning blockchain company that set out to create a global product authenticity and services platform, founded on the belief that by building better products, we can build a better world.
Seal Network won an award at the Blockathon, a challenge to build the next-generation blockchain-based anticounterfeiting infrastructure for Europe organized by the EUIPO, and took part in a trade mission to the United States with Prince Constantijn of the Netherlands and state secretary Mona Keijzer.
His talent for innovation enabled him to work on projects in IOT, robotics and blockchain. He is a member of Mensa and holds a Master in Marketing Intelligence completing the honours leadership track at the University of Groningen. Born as the son of an artist-product designer, his family fell victim to counterfeiters, strengthening his resolve to fight for makers. Deborah Prince started her career in Standards with UL in She worked in Standards operations for approximately 6 years, starting as a standards staff person writing safety standards.
Senior Industry Research Analyst. For more than 10 years, before covering the position of pre-sales marketing manager at J. Edwards, he worked in the industry as Supply Chain and Plant Manager. Camerinelli is widely quoted by publications ranging from American Banker to the Financial Times.
He has spoken at leading trade shows and conferences in Europe, including Sibos and EuroFinance. Hanna C. She holds a Ph. Primary academic research interests are trade, trade policy, economic integration and development. Apart from her work as university lecturer and researcher, Hanna has substantial experience in applied economics doing numerous trade policy impact assessment projects for the European Commission FTAs covering major parts of the world e.
She has considerable practical experience, working on implementing FTAs, surveying exporting SMEs, and economic development thru private public partnerships. She is currently involved in projects on digital protectionism, cross border data flows, and the effects of blockchain on trade.
Khalil is an executive management advisor specialized in Strategy and Operations. He has more than 15 years of experience working with organizations to identify and develop differentiators, identify and shape opportunities, create and enhance business value, control cost and improve productivity. During his career, Khalil has successfully led and supported organization to set and achieve strategies including cost optimization, expansion and turnaround.
He has worked in several industries including oil and gas, heavy industries, retail, real estate and logistics. Khalil is the head of strategy and development division of Dubai Chamber, where he oversees projects and initiatives related economic development including competitiveness, enhancing ease and cost of doing business, business promotion and attraction, policy planning and development and sectorial development.
The objective of Louise and her competent team at GTS is to provide consulting service combined with innovative solutions to enable the optimization of the international trade, supply chain and logistical environment.
Linking all the different trade partners in the international supply chain as well as all the various statutory organizations is a primary drive for the GTS team. The various statutory bodies include the Customs and Port Authorities as well as the Other Government Agencies who focus on the related aspects of international trade including food safety, standards and health.
The GTS team is championing a number of blockchain initiatives with various industry role players to help shape the future of the industry and to modernize the international trade and supply chain landscape. Petya joined Cargill in and after several leadership roles and international assignments in the agricultural commodities trade operations domain became the Global Trade Operations Leader for Cargill Agricultural Supply Chain. In addition to leading the Strategic Account Management team to deepen customer intimacy and cultivating new opportunities, he was responsible for creating and driving business strategies in the region.
Prior to this recent role, he was the General Manager of CrimsonLogic eTrade Services Pte Ltd a fully owned subsidiary of CrimsonLogic Pte Ltd and his team was responsible for offering innovative and secured electronic connectivity solutions to the trade and logistics industry. Eleni Androulaki has a year track record of driving communications efforts across the private and non-profit sectors.
She works closely with Board members, C-suite executives and global cross-functional teams to realize organizational goals and create lasting impact through compelling communication strategies.
Her international experience ranges from commodities, information technology and FMCGs to intellectual property, automotive and the environment.
She has lived and worked in Switzerland for the past 12 years. For example, Estonia has implemented the BitNation public notary services, including recognizing marriages recorded in the BitNation blockchain, and Ukraine is developing an election platform based on the blockchain.
Smart contracts also create an opportunity for developing countries to work more efficiently. These are automated contracts developed on the Ethereum blockchain, whereby, for example, payment is released to a certain party automatically once all of the pre-determined and agreed upon conditions are met.
Even though it could work well in the case of a deed transfer, smart contracts can be used in other industries as well. Domjan explained:. The same principle can be used for transactions ranging from financial derivatives to international trade.
Even though blockchain is so versatile, its original reason for existence can also be beneficial to these developing nations. Domjan believes that cryptocurrencies could provide a viable alternative to volatile fiat currencies in these countries:. In countries with capital controls, highly volatile currencies, and high inflation, the governance problems, payments transaction costs, and volatility of their domestic currency may seem worse than those of cryptocurrencies, or at least bad enough that cryptocurrencies represent an attractive hedge against their domestic currency.
We see this advantage across the developing world, from foreign investors in Brazil looking to move money, to brokers in Zimbabwe looking for an alternative store of value. Do you think that the blockchain adoption will grow in developing countries in ?
Let us know in the comments below! Could you be next big winner? I consent to my submitted data being collected and stored. Bitcoin has faced a strong correction over the past week. The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain.
Building a blockchain app can build trust and offer transparency while removing additional intermediaries. Before implementing blockchain technology and estimating its cost, it is essential to understand the type of blockchain app you need. Whether you need a permissioned blockchain app or a permissionless blockchain app, you need to consider which application can suit your business needs.
Also, the cost of a blockchain application varies from industry to industry. For example, you may need an app for supply chain management, healthcare, real estate, education, and many other business domains. The cost of an app will depend on the complexity of the project. The cost of blockchain app development also depends on the number of resources required to develop an application. Salaries of blockchain experts are the significant expenses you should not miss when calculating the cost to build an app.
While investing in blockchain developers, ensure you have hired the best ones and added their salaries to the total expense. Companies might use agile methodology tools such as Jira, Confluence, and Trello to manage blockchain projects. They use such tools to test an app, track timelines, and deliverables. Therefore, the price of project management tools is also added to the cost of blockchain implementation. Your blockchain app might require a subscription to third-party subscription tools such as bug tracking tools, notification services, amazon web services, software monitoring services, and data analytics tools.
The cost of subscription tools also contributes to the cost of blockchain app development. In this section, we have explained the process of building a blockchain-based application. First of all, it is essential to develop a problem statement and understand all of the issues you want to solve with a proposed solution.
Ensure that the blockchain solution will benefit your business abilities. Analyze whether you need to migrate your current solution to the blockchain, or you require a new application to be developed from scratch. For example, suppose you are a healthcare provider who wants to develop a blockchain-based health record exchange app.
In that case, you should know various use cases of the applications and what benefits it will offer to users. Once you decide that you need a blockchain solution for your business operations, the next step is to select the right blockchain platform and blockchain development tools for your project.
As mentioned above in the article, building a blockchain from scratch requires thorough research and takes months to years to develop it successfully. Therefore, you should build a blockchain app on top of a blockchain platform that meets your business requirements. You should identify the right blockchain platform for your application based on the factors like consensus mechanism and problems you want to solve.
For example, you can build an Ethereum-based application to develop a decentralized public application with smart contracts.
When the blockchain platform is identified, you must do brainstorming and understand the exact business needs. Once you identify the blockchain platform for developing a blockchain application, you should focus on drafting business requirements and brainstorming ideas.
Find what technology components should be added as off-chain or on-chain entities on the blockchain ecosystem. Create a roadmap of the product that will help you to build an application within a decided deadline. You should come up with a blockchain model and conceptual workflow of the blockchain application. Also, decide if the application needs to be developed on a permissioned or permissionless blockchain network.
It would help if you also decided on front-end programming languages to be used, servers, and external databases in this stage. A proof of concept is done to represent the practical applicability of a blockchain project. It can be either a design prototype or a theoretical build-up. In Theoretical Build-up, each project requires theoretical cases so that users could understand the applicability and viability of the product.
After creating theoretical build-up and receiving feedback, a prototype is designed, which includes:. When the client approves the PoC, the next step is to prepare technical and visual designs for the application. Since you have planned an entire application at this stage, start creating UIs for each software component. Designs APIs that will be integrated with user interfaces to run an application at the back-end. Once the admin consoles and user interfaces are designed, the application gets ready for development.
Development is the significant phase of the blockchain development process, where you should be ready to build the blockchain app. In this specific stage, you either have to develop or integrate APIs for particular use cases of the application. The application is built under multiple versions. Once the client approves it, the application moves to the next stage, i. But, the software might not comprise all the features at this stage. After the alpha version is released, the app is prepared for the beta version.
During Beta Phase, the software application has the complete feature set but with some unknown bugs. Developers share the beta version with a particular group of people outside the organization to test its functionality. Once the beta version is approved and tested, the application moves to the Release Candidate version, which is an advanced beta version that is ready to be a final application and can be launched.
After thorough testing, the application moves to the production phase and gets ready for delivery. Before an app goes live, you should deploy it on the test network to carefully test its functionalities.
When deploying an application, administrators can also manage which versions of the app need to be deployed to various resources with provisioning. Once an application is provisioned, it needs to be hosted on the main chain. If your blockchain app is a hybrid solution, i.
The application should be able to upgrade according to any new business needs and prioritization. For instance, if you need to upgrade the smart contract, later on, you should be able to deploy the new contracts without any difficulty. Developing and deploying an app does not mean you are done. Instead, a software application needs to be maintained post-development to ensure that it works with all types of upgrades in the future.
An Ethereum client, Geth, is used to run Ethereum nodes in the Go programming language. Using Geth, users can mine Ethers, create smart contracts and run them on EVM, explore the block history and send tokens between addresses.
Geth can be downloaded and installed on Linux, Windows and Mac. It supports two types of installations, Scripted and Binary. Once you start using the Geth, you either have an option to create your own blockchain based on the provided settings or connect to the existing blockchain.
Remix IDE is a compiler used for small contracts. It is a browser-based tool used to create and deploy smart contracts. You can use Remix IDE to write, debug, test and deploy smart contracts using the Solidity programming language. Remix can connect to the Ethereum blockchain via Metamask.
Before using Ethereum, you should have a place to store Ether tokens and execute smart contracts. Mist is the Ethereum wallet used for smart contract deployment and is available for Mac, Windows and Linux. While installing Mist, remember once you set up the password, you cannot update it again. Create a strong password and never forget it. It allows users to make calls to the blockchain without the need to run an Ethereum node.
GanacheCLI is used for the instant mining of transactions. It is an easy-to-use API that provides you with an overview of test chain events. Security plays a prominent role when it comes to building a blockchain application. You need to ensure that the Solidity code does not have security holes.
Solium tool is specifically designed to format solidity code and fix security issues in the code. EtherScripter has an easy-to-use interface used for coding basic smart contracts. With a simple drag and drop interface, developers can connect different components as jigsaw puzzle pieces for developing a contract.
It only supports the Serpent programming language.
No information gathered on this site is sold or otherwise made available to third parties, for commercial marketing purposes. Providing insights and tools for energy leaders to make effective strategic, policy and business decisions blockchain the world transition. Seal Network won an award blockchain the Blockathon, a challenge to build the next-generation blockchain-based anticounterfeiting infrastructure for Europe organized by the EUIPO, blockchain developing world, and took part in a trade mission to the United States developing Prince Constantijn of the Netherlands and state secretary Mona World. Fast-tracking changes in the education system cannot stand on two feet, or many pairs of feet, but multiple hands and feet of developing who think and talk blockchain. List of top blockchain development companies. Blockchain News.
How blockchain can be a force for good in the developing world
Domjan feels blockchain may have a similar effect in countries with emerging economies. The specialist investment bank had this to say:. Today, frontier markets may be positioned to leapfrog developed economies once again, but this time the key technology is blockchain and cryptocurrencies.
Even though blockchain was originally created to support cryptocurrencies, it offers huge benefits to basically any industry relying on record keeping, especially in the financial sector. This is more evident in developed countries than in certain developing counterparts. Due its distributed nature, recording new assets on a blockchain can be quite slow, with transaction times measured in hours or even days rather than the seconds that are typical of e-commerce.
As such, blockchain technology is a poor substitute for existing ownership records in developed or even emerging economies. However, some developing countries do not have any, or perhaps only have poor, structures or processes in place.
In this case, blockchain technology could revolutionize certain sectors, specifically the property industry. Domjan elaborated:. Whereas some emerging markets, such as Russia and China, have property registration systems on par with those in the high-income OECD countries, frontier markets in Latin America, Sub-Saharan Africa, and South Asia lag far behind, with average performance less than half that of the best performing economies. Indeed, blockchain technology can be used to maintain a clear, reliable record of anything.
For example, Estonia has implemented the BitNation public notary services, including recognizing marriages recorded in the BitNation blockchain, and Ukraine is developing an election platform based on the blockchain. Smart contracts also create an opportunity for developing countries to work more efficiently.
These are automated contracts developed on the Ethereum blockchain, whereby, for example, payment is released to a certain party automatically once all of the pre-determined and agreed upon conditions are met.
Even though it could work well in the case of a deed transfer, smart contracts can be used in other industries as well. Domjan explained:. The same principle can be used for transactions ranging from financial derivatives to international trade.
Even though blockchain is so versatile, its original reason for existence can also be beneficial to these developing nations. In countries with capital controls, highly volatile currencies, and high inflation, the governance problems, payments transaction costs, and volatility of their domestic currency may seem worse than those of cryptocurrencies, or at least bad enough that cryptocurrencies represent an attractive hedge against their domestic currency. We see this advantage across the developing world, from foreign investors in Brazil looking to move money, to brokers in Zimbabwe looking for an alternative store of value.
February 22, January 23, Today, frontier markets may be positioned to leapfrog developed economies once again, but this time the key technology is blockchain and cryptocurrencies.
Even though blockchain was originally created to support cryptocurrencies, it offers huge benefits to basically any industry relying on record keeping, especially in the financial sector. However, even though blockchain is a viable option for many businesses and groups, even the United Nations , it is by no means a blanket solution, especially if efficient processes are already in place.
This is more evident in developed countries than in certain developing counterparts. Due its distributed nature, recording new assets on a blockchain can be quite slow, with transaction times measured in hours or even days rather than the seconds that are typical of e-commerce. As such, blockchain technology is a poor substitute for existing ownership records in developed or even emerging economies.
However, some developing countries do not have any, or perhaps only have poor, structures or processes in place. In this case, blockchain technology could revolutionize certain sectors, specifically the property industry. Domjan elaborated:.
Whereas some emerging markets, such as Russia and China, have property registration systems on par with those in the high-income OECD countries, frontier markets in Latin America, Sub-Saharan Africa, and South Asia lag far behind, with average performance less than half that of the best performing economies.
Indeed, blockchain technology can be used to maintain a clear, reliable record of anything. For example, Estonia has implemented the BitNation public notary services, including recognizing marriages recorded in the BitNation blockchain, and Ukraine is developing an election platform based on the blockchain. Smart contracts also create an opportunity for developing countries to work more efficiently.
These are automated contracts developed on the Ethereum blockchain, whereby, for example, payment is released to a certain party automatically once all of the pre-determined and agreed upon conditions are met. Even though it could work well in the case of a deed transfer, smart contracts can be used in other industries as well. Domjan explained:. The same principle can be used for transactions ranging from financial derivatives to international trade.
Even though blockchain is so versatile, its original reason for existence can also be beneficial to these developing nations. Domjan believes that cryptocurrencies could provide a viable alternative to volatile fiat currencies in these countries:. In countries with capital controls, highly volatile currencies, and high inflation, the governance problems, payments transaction costs, and volatility of their domestic currency may seem worse than those of cryptocurrencies, or at least bad enough that cryptocurrencies represent an attractive hedge against their domestic currency.
We see this advantage across the developing world, from foreign investors in Brazil looking to move money, to brokers in Zimbabwe looking for an alternative store of value. Do you think that the blockchain adoption will grow in developing countries in ? Let us know in the comments below! Could you be next big winner?
How the World Bank Can Lead Blockchain Innovation in Developing Countries
Still, many of these claims may be overblown. As the market warms and the technology gains traction, blockchain-based services are becoming increasingly accessible to individuals in remote and technologically strained environments. Consider that multiple blockchain-backed currency exchanges can already be operated by SMS alone.
With a little instruction, someone in sub-Saharan Africa equipped with nothing more than a pre-paid Nokia cellphone can benefit from blockchain. While the jury is still out on whether or not blockchain will prove to be a game-changing technology for the development sector, there are still plenty of reasons to be excited.
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Domjan feels blockchain may have a similar effect in countries with emerging economies. The specialist investment bank had this to say:. Today, frontier markets may be positioned to leapfrog developed economies once again, but this time the key technology is blockchain and cryptocurrencies.
Even though blockchain was originally created to support cryptocurrencies, it offers huge benefits to basically any industry relying on record keeping, especially in the financial sector.
This is more evident in developed countries than in certain developing counterparts. Due its distributed nature, recording new assets on a blockchain can be quite slow, with transaction times measured in hours or even days rather than the seconds that are typical of e-commerce. As such, blockchain technology is a poor substitute for existing ownership records in developed or even emerging economies.
However, some developing countries do not have any, or perhaps only have poor, structures or processes in place. In this case, blockchain technology could revolutionize certain sectors, specifically the property industry. Domjan elaborated:. Whereas some emerging markets, such as Russia and China, have property registration systems on par with those in the high-income OECD countries, frontier markets in Latin America, Sub-Saharan Africa, and South Asia lag far behind, with average performance less than half that of the best performing economies.
Indeed, blockchain technology can be used to maintain a clear, reliable record of anything. For example, Estonia has implemented the BitNation public notary services, including recognizing marriages recorded in the BitNation blockchain, and Ukraine is developing an election platform based on the blockchain.
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Please login to interact with the World Energy Transition Radar. If you don't have a customer login, please register for a customer login below. I have read the Privacy Policy and agree that the World Energy Council can use my personal data in accordance with this policy. The developing role of blockchain. Although blockchain is gaining wide-spread acknowledgement and use in the sector, there are still a number of uncertainties surrounding the technology and a combination of technological, regulatory and other practical challenges could stall its growth.
Key questions addressed in the paper include:. What are the regulatory obstacles associated with the implementation of blockchain applications and what are the issues to be addressed?
How will blockchain impact company and state value chain infrastructure related to the energy sector? The paper draws from interviews with companies and organisations actively involved in blockchain projects in the energy industry from the US, Europe, China, Japan and New Zealand.
It is designed to start a dialogue on potential obstacles to the uptake of blockchain and where the technology might be headed. Latest Publications. Latest News. Transition Toolkit. Join the World Energy Council Engage in strategic dialogue with the energy leaders of today and the future, build capabilities and help shape the energy future.
How to develop blockchain from scratch?
Developing Posts. By allowing users to conduct secure transactions with one another directly, blockchain eliminates the need for regulatory middlemen, blockchain developing world. Any blockchain can hack world and get away with potentially millions and millions of dollars. LeewayHertz is one of the first companies which has developed a signing platform on the blockchain. International blockchain remains labour and paper-intensive. Anyone can look at the code and check for bugs and vulnerabilities. Join the World Energy Council Engage world strategic dialogue with the energy leaders of today and the future, developing capabilities and help shape the energy future.
The project is initiated with PoC, which typically takes weeks. We have the opportunity and blockchain technology developing blockchain to world the power of millions of studentsallowing us to accelerate education and catapult world forward with their help. Gallen HSG. No information gathered on this site is sold or otherwise made available to third parties, developing commercial marketing purposes. If your company manages products which are traded via a complicated supply chain, blockchain developing world, you blockchain understand how difficult it can be to track an item from its origin.