Debashish Sarkar's Blogs

Financial services sector has been mostly impervious to radical technical and business model changes. They have been able to maintain a relatively stable but profitable business models over the last few decades. Traditional business are now under siege from a whole host of innovators and technology changes that are forcing a re-think on the business models of traditional financial services sector. According to the World Economic Forum reports the impact is felt across all sectors of the financial services industry. Courtesy: WEF Report According to the findings today’s innovators are different from earlier disruptors in this sector for the following reasons:        Today’s innovators are targeting the intersection of highly profitable business and customer’s area of frustrations and pain. Case being example International Money transfers. I have personally experienced it first-hand. In UK, high street banks charged from GBP 17, if done at bank t...

Blockchain is a method of recording data - a digital ledger of transactions, agreements, contracts - anything that needs to be independently recorded and verified as having happened. The big difference is that this ledger isn't stored in one place, it's distributed across several, hundreds or even thousands of computers around the world. And everyone in the network can have access to an up-to-date version of the ledger, so it's very transparent. How it works? For a simple explanation visit this link : http://www.coindesk.com/bitcoin-explained-five-year-old/ A rough idea of what a block chain may look like, courtesy of Yevgeniy Brikman Security? Once updated, the ledger cannot be altered or tampered with, only added to, and it is updated for everyone in the network at the same time. The distributed nature of the blockchain database makes it hard for hackers to manipulate. They need to access every copy simultaneously to have a successful hack...

“The only constant is change”                 We are going through an age of unprecedented changes. Changes and disruption has always been at the forefront of human history, but the pace of change and disruption has been accelerating over the past few decades. This is mostly driven by the pervasive digital age which has impacted all aspects of our lives.                 The pace of disruption varies from industry to Industry as different forces and maturity level across industry varies. However, disruptions do not happen overnight. They have been in the making and ignored until the disruptors become the driving force themselves. In IT these have slowly moved from IBM (Mainframe), DEC (Minis), Microsoft (PC), Intel (PC) to Apple, Google, Facebook, Amazons of the internet age. The disruption has not been limited to IT industry it h...