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.


Waqas Mirza

CEO, Avanza Innovations
Waqas Mirza is the CEO of Avanza Innovations. Part of Avanza Group of Companies which has almost two decades of experience in delivering solutions to over 300 customers across 45+ countries. As the CEO of Avanza Innovations, Waqas has been passionately building the company as a... Read More →
avatar for Ali Safri

Ali Safri

CTO, Avanza Innovations
An expert technologist with 18+ years of industry experience, in enabling banks, governments and private organizations to realize value using innovative technology solutions. Ali heads the technology wing of Avanza and is CTO of Avanza Innovations. Along with his team, Ali is passionate... Read More →

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