Blockchain Forum of Pakistan

The Blockchain Forum of Pakistan is set up to promote the adoption of blockchain technology
across the public and private sectors in the Pakistan. In an increasingly digital and globalized
world, the need for and ability to collaborate between individuals, organizations, and countries
remains as high as ever. Numerous industries have already undergone significant change and
many more are expected to follow this disruptive trajectory over the coming years. Blockchain
technology potentially finding use in areas as diverse as economy, cultural development,
education and within our democratic structures. The exact values and applications of block
chain technology are endless. Mr. Javed Yousuf Edhi, Group head technology and digital
innovations- Silk Bank spoke about decentralizing innovation at Blockchain Summit ITCN Asia
2018.
Mr. Javed believes that there always has been a need of innovation which has result in the
current technology. Every invention has been a need of the time. He elaborates further with an
example of automobiles and vehicles. HE explains that when there was a need of ease in
commuting, motors were invented. Currently, automobiles can produce electricity, provide us
mobility and is one of the largest industry. Javed Ahmed believes that the people who can take
advantage of the need and get on the bandwagon and they can only create history.
There was a need of connectivity and internet. People invented internet which currently does
not look like a wonder. It is being used at every household. Pakistan is also on its way to take
the maximum use of internet too. Need gave us inter-connectivity, network, and loads of
information.
The dire need of 21st century is the security. There is a wide gap between production and
distribution. Our industry might take 10 years to develop the trust of customers over e-
commerce or even in retail. This gap will be bridges by technological innovation and trust will
take over all other aspects. With the help of blockchain, the retailer will explain the product
with complete authenticity and transparency and the any transaction will be completed within
10 minutes.
People in Pakistan do not even have the trust on pharmaceutical or food market. The medicine
sold to households is replicated in so many cases. It is necessary that we start using blockchain
to resolve this basic issue in our industry. Many developed countries like Dubai are leveraging
with the help of blockchain. It is essential that we make use of this opportunity before t is too
late.