Basel, Switzerland
December 12-15
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Wednesday, December 12 • 12:20 - 12:30
Reconciliation & Settlement of Government Funds using Blockchain - Waqas Mirza & Ali Safri, Avanza Innovations

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Reconciliation & settlement of financial transactions has been a generational challenge in a multi-entity landscape. Dubai’s department of finance was taking 45 days to reconcile & settle their books with 40+ other government entities & 15+ banks within UAE. Avanza implemented Dubai’s 1st production grade blockchain implementation addressing above issue using Hyperledger Fabric 1.1. Currently, blockchain has already posted 2+ million business transactions since go-live in Q1-2018. Waqas Mirza, CEO Avanza Innovations along with Ali Safri, CTO Avanza Innovations will showcase audience real-time demo of how the application solves one of the biggest financial problems of the world by simulating ecosystem of Dubai in the event. The audience will take away how the application was designed, developed and runs today in the actual world with underline challenges faced and solved by blockchain.

avatar for Waqas Mirza

Waqas Mirza

CEO, Avanza Innovations
Waqas Mirza is the founding CEO of Avanza Innovations - the latest venture of Avanza Group of Companies. Avanza Group has more than two decades of experience in delivering cutting edge software solutions to over 300 customers across 45+ countries. During the past 3 years Waqas has... Read More →
avatar for Ali Safri

Ali Safri

CTO, Avanza Innovations
Ali Safri is an expert technologist with 20+ years of industry experience in enabling financial, oil and gas, governments and private sector to realize value using innovative technology solutions including blockchain and Artificial intelligence. Ali heads the technology wing of Avanza... Read More →

Wednesday December 12, 2018 12:20 - 12:30 CET
  Demo Theater 1