Discussing Blockchain, Web 3.0 & DLT with Sandeep Kaur, Director at Innova Solutions

In this episode we speak with Sandeep Kaur, Director of Web 3.0 & DLT at Innova Solutions about and discuss blockchain applications including tokenization, stablecoins, cross-border payments, and loyalty rewards, while sharing insights on how blockchain technology is revolutionizing the financial industry. We learn about Sandeep's WHY and what her view is of a possible future during Futures Thinking.

Transcript

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welcome to banking on information where

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we dive deep into the dynamic world of

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financial services and Technology

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discover the innovative solutions

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driving the industry forward explore the

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latest trends and uncover the strategies

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that are reshaping the future of Finance

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join us as we unravel the why what and H

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of solution providers in the financial

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services industry stay tuned for

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insights that will revolutionize the way

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you think about money and

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Technology hello and welcome to banking

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on information I'm your host Rin Fon we

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are digging into the why what and how of

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solutions at the intersection of

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financial services and technology today

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I'm speaking to sandep core director of

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web 3 and DT at Innova Solutions sandep

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welcome to the show thank you thanks for

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having me r g

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hopefully you are familiar with Simon

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synic uh and know about start with why

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because that's my first question for you

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why do you do what you do many many

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years ago so yes very well familiar with

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that yeah great so what what is what

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what is your why why do you do what you

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do um so first thing I like Krypto and I

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do believe in the potential of

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blockchain technology so you know I got

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into crypto like in 2014 when I was

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doing my MBA and uh um so that time you

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know just reading about Occupy Wall

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Street movement um and I came across a

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white paper like Bitcoin future of

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finance and I'm like what is this and it

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just intrigued me and ever since I have

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been just investing more and more of my

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time into this um and that's why I'm a

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very big believer blockchain technology

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is going to reshape the future of

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finance and uh if we talk about like

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information and accessing an email right

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we can access it anywhere anytime

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instantaneously but that's not uh doable

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right now when we talk about payments or

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sending money or Val so I think

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blockchain technology has that potential

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to uh move value on the internet and it

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was would be as simple as sending an

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email so so that's why I'm very very it

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you're a true crypto believer uh and

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that is what is driving you every day to

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to do this work and uh that's that's

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great and so then tell us a little bit

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about what you do at Innova Solutions

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what what use cases do you sol for for

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your customers so at Innova solution I

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am their head of and lead of uh

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blockchain uh you know and uh we have

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built four uh offerings so one is on

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tokenization of assets um then stable

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coin um also payments uh crossb payments

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using blockchain and Hyper on more on

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the hyper personalization side that is

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loyalty and rewards uh so my focus is

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really kind of building these solution

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offerings and working with our clients

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and and integrating it with them on this

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wow so tokenization stable coins

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crossborder payments and rewards for

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hyper personalization that that is a lot

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of of ways that you can leverage uh

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blockchain technology now can you tell

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us an example of how you have worked

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with a client and generated value for

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them doing one of those

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offerings so actually I can give an

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example about one of our um you know

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client and they are the one of the

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largest bank and we help them on

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tokenization of asset side um and as you

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know you know a tokenization it's kind

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of now kind of getting heated up we hear

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a lot about it um block you know there's

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always like every day there's a news

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from Black Rock um and they so far had

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you know three funds on uh you know on

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blockchain so given the interest we have

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been seeing a lot of interest from some

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of our Enterprise clients and with one

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this specific one um you know the this

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whole idea was how can we you know use

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tokenization to move value uh in their

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in you know in their internal systems

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only and so just doing that um means of

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course the their operations has improved

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significantly uh we see much faster

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transactions or settlements which is

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obvious means on blockchain you can do

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instant settlement of transaction versus

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when it comes to In traditional Finance

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it's still t plus one uh right so so

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that's you know that's that's where we

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see like faster

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also on the actually cost reduction side

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uh we have been seeing um you know they

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have saved um there's a basically saving

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of millions of dollars um you know just

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to run their operations for that

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specific you know division yeah yeah now

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that that sounds very very valuable for

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the customer so not only does it speed

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up their their settlements from from

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potentially days to instant but it also

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save them millions of dollars that that

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is quite powerful and and those are

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things that blockchain technology can do

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I know it's still new for some people

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but that is actually quite quite

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valuable and that's that's a great

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example now the the the last thing I

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want to do is think a bit about the

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future I like to do this thing called

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future thinking and future thinking is

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all about thinking about possible

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Futures no one can predict the future

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but we can always think about what

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future directions the market can go into

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so I'd love to hear from you if you

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think let's say 10 years out so let's

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say 203 before what do you think the

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market looks like for crypto for

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blockchain describe that for us what

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what a possible future could look like

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10 years out yeah so actually see I'm a

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believer of crypto I'm a Believer in

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blockchain technology and the way I see

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the future um first thing blockchain

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technology won't be this Niche emerging

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technology at all no this will be the

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backbone of our financial system um I am

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very very bullish on decentralized

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finance I think decentralized Finance

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has great potential and it will

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challenge our traditional Finance we

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will see a lot more people in the world

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will have access to uh Capital that

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right now it's still limited and you

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know it's much harder for them uh I am

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also very bullish on tokenization of

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assets that's actually one of my

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favorite use case I can s you know in

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this

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technology and I think billions and

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trillions of dollars will be tokenized

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in next 10 years um and we will see more

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liquidity and accessibility and

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especially some of these assets which

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are not tradable now um those asset

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would be tokenized and you know traded

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on on the Chain so that that that's

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something I'm very very bullish uh but I

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think the first start on tokenization

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side would be much simpler you know more

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like tokenizing tokenizing money market

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funds tokenizing mutual funds and stocks

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mean starting something like this more

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much simpler but then going into more of

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those use cases uh I am also bullish on

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U uh I because we are embracing AI more

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and more and this is just uh

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and and given that like because we we

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really going into that age where AI is

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just you know something we use on daily

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basis so uh in the future I believe uh

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blockchain technology would be something

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that's most needed for our

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security and we will see digital

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identity uh on the you know that that

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just would be on a norm yeah and last

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but not the least yes um payment will be

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as simple as sending email um and it

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will be

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borderless yeah yeah so that I that

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that's something I I totally believe

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that yeah that that sounds like a very

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interesting future I could definitely

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definitely see that but so if we think

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about this possible future what does

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that mean for today what what are you

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doing today you and what is Anova doing

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today to get ready for that possible

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future so I think for us the very first

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thing is really kind of building that

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infrastructure and uh you know really

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seeing like how can we this future that

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we see the vision we have um the

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infrastructure that we need now what can

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we do now so that's the first step and

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at Innova we are really you know uh

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invested into like the use of blockchain

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technology and how our clients you know

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can use this technology so we uh be as a

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thought leader at the Forefront of this

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technology really helping our client

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from topown approach from you know like

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literally from everything from advisory

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to analysis and kind of building the

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whole thing the implementation and then

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you know taking the product basically

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into the market so so so for us that's

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where our investment right now that's

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where our strategy is um invest into

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infrastructure and really take this

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technology um and help our clients to

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integrate it to make better products

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useful products that can you know

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improve our lives so you're really

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helping your customers make this a

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reality and be ready for that future

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that you were describing that was that

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was very good thank you very much for

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coming on the show and sharing your

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story this this was another episode of

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uh banking on information if you have

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any questions for sandep or myself you

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can reach out on LinkedIn if you enjoy

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your network until next time choose to

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be curious sure thank you thanks happy

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to be here thank you thank you sure bye

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[Music]