Kamlesh Nagware is a TEDx speaker and CTO Blockchain at Snapper Future Tech. He is among the top 30 Influencers of Blockchain in India. He is Hyperledger India Co-Chair and a member of the Hyperledger Technical Steering Committee(TSC), drives technical directions of Hyperledger Foundation, which is The Linux Foundation enterprise blockchain project. He plays an active role across the Hyperledger community, contributing to the Climate Action & Accounting SIG, Trade Finance SIG, and Hyperledger Global Forum Committee member. He is also a Co-chair of the IEEE Blockchain initiative at the IEEE Global level. Mentor at APIARY Blockchain COE which is STPI & MEITY initiative.
How do you think the blockchain is changing the world or will transform the economy?
Blockchain, Web3, Hyperledger, CBDC, Distributed ledgers, NFT, and Metaverse are all buzzwords nowadays. Every digital transformation initiative must have the blockchain technology of choice. Touted to be in the top 3 technologies that will change the course of digital transformation, blockchain delivers value in being able to create trust amongst all stakeholders of a digital platform.
Forecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, Gartner stated that blockchain technology will create more than $176 billion dollars’ worth of business value by 2025 and $3.1 trillion by 2030.
Please explain about blockchain technology in the context of Hyperledger.
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a blockchain network. There are mainly two types of Blockchain: Public Blockchain & Private Blockchain. Bitcoin, Ethereum, and Polygon are public Blockchain, and Hyperledger, R3, and Quorum are categorized as private/Permissioned Blockchain.
Hyperledger is not just one private Blockchain, it is a family of Distributed ledgers, tools & libraries, and a bigger community that drives enterprise Blockchain for businesses. Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. Hyperledger is an open-source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments. It is a global collaboration hosted by The Linux Foundation and includes leaders in finance, banking, the Internet of Things (IoT), supply chains, manufacturing, and Technology. Built under technical governance and open collaboration, individual developers, service and solution providers, government associations, corporate members and end users are all invited to participate in the development and promotion of these game-changing technologies.
What sort of careers can be witnessed across the Hyperledger community in the next five years?
Blockchain is still in an embryonic stage and is set to evolve in the coming years. There are many job roles across Development, Engineering, Consulting & Management. Anyone, whether they are a developer, architect, project manager, sales lead, security consultant, or Infrastructure engineer, can learn blockchain and start a career in Blockchain as a Developer, Architect, Consultant, Smart contract Security engineer, etc.
There are various opportunities for people who want to get involved in the Hyperledger Community. You could become Community Architect, Contributor to Hyperledger projects, chapter lead, meetup organizer, and Special Interest group(SIG) Lead.
The implementation of blockchain technology by the new-age startups – how do you think it’s happening across the globe?
Blockchain is beyond Bitcoin & Crypto. Cryptocurrencies hog the spotlight, but blockchain’s biggest innovations are below the surface, saving billions each year for the world’s largest companies. I am a strong believer in enterprise blockchain and blockchain is playing a vital role in the digital transformation of every industry. No Body can think about digital transformation without keeping blockchain in their digital strategy.
Globally, technology is being used in digital identity, supply chain, financial services, and e-Governance. There are applications in many areas – e-governance, sustainability supply chain, digital identity, telecom, waste management, agriculture, healthcare and renewable energy.
– Sustainability – circular economy
– Digital Identity
– Renewable energy
– Banking & payments
– CBDC & Tokenizations
We (Snapper Future Tech) used Hyperledger Technologies to build our two products in Digital Identity, sustainable supply chain and traceability, and provenance use cases.
SnapCert is a blockchain-based Credential Authentication platform for universities, colleges and institutes. Offered as a SaaS platform by Snapper Future Tech, SnapCert equips education customers to issue and verify credentials on a blockchain, ensuring no fraudulent credentials can be issued in their name.
TraceChain is a blockchain-based track-and-trace platform for the supply chain that can connect growers, suppliers, manufacturers, distributors, retail locations, and, finally, the consumer seamlessly. The platform gives our customers control over module implementation and data. The data can’t be manipulated, and the supply chain can be secured. With TraceChain, you will have the fullest visibility into your inventory and all your shipments.
A wish for the young and aspiring blockchain community.
I wish the blockchain community should have a clear understanding between Cryptocurrency and Blockchain technology. Still, I think there is a lack of awareness about Blockchain technology and Crypto. Another I wish that blockchain leaders should know is that Blockchain technology is not right for every problem. There should be the right use case selection for the blockchain technology with the business outcome with ROI.
Which two superpowers do you wish you had, and how would you use them?
- Superpower to save the world – Climate Change and ESG, where even Blockchain can be applied.
- Superpower to equal education and healthcare facilities across the world.
It’s a wrap-up:
“India has a huge potential to drive digital transformation globally, leveraging blockchain technology. We at Snapper Future Tech work closely with the Government agencies and enterprises to build innovative solutions for Indian and Global customers using Hyperledger technologies. We are very excited as we work towards the vision of making India a $1 Trillion digital economy by 2025, where blockchain led digital transformation would play a significant role.”
Kamlesh Nagware, CTO, Snapper Future Tech – Hyperledger Foundation TSC member 2021-2022, Co-lead, Hyperledger India Chapter
Feel free to contact Kamlesh Nagware at
TEDx talk: https://www.youtube.com/watch?v=FUZDdIYF6bw