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Thursday, June 20 • 9:00am - 9:25am
PRO TALK:Modernization and Transformation Using Blockchain and Emerging Technology

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Blockchain is one of the foundational digital transformation tools, especially when combined with the power of other emerging technologies including AI, ML and RPA. Such combinatorial power is transformational across all sectors, both commercial and public. - From a business perspective, Blockchain help create a frictionless (business) network of trust and transparency both internally and externally to the organization, which in return provides opportunities for real-time trusted data, streamlines efficiencies, open doors to costs cutting by removing various intermediaries, lessens the burden on users, and allows for innovations and re-engineering of antiquated business processes. Blockchain provides framework for creation of new business models. A blockchain project currently at HHS is already seeing an extraordinary impact with a total estimated ROI estimated over 800% over 5 years. - Applying it to any business begins with a full assessment to determine if the company, including the people, are ready and the appropriate blockchain use case is selected. Prioritization should be made to business value and ROI, mission, long-term impact and organizational need before implementing the technology for sake of technology. - Work and impact must be considered outside of single cryptocurrency case. We have seen industries leveraging blockchain for multiple uses cases from supply chain, identity, trade, to managing human resources including finance, transportations, energy, health, government. - Our work implementing the a blockchain project in the public sector was the first ever Federal blockchain project in any procurement function, either government or commercial, in the world. With initial built completed only 8 weeks, it resulted in a large reduction of business friction, including manual work, lowering costs, an improved vendor experience, and a shortened cycle time - from 110 to 9 days.

Speakers
avatar for Aleksandar Zelenovic

Aleksandar Zelenovic

VP, Strategy and Consulting Practice Lead, Publicis Sapient
Aleksandar focuses on creating long-lasting value at the intersection of technology, innovation and business. He holds an MBA from MIT Sloan School of Management and has over 20 years of experience in the global commercial and government sectors. He is an industry expert in business... Read More →


Thursday June 20, 2019 9:00am - 9:25am EDT
Workshop Stage 2