||| 21 Desember 2018 |||
One Day Seminar On –
Advances in Digital Technology and Their Impact on Business and Trade Finance
01/11/2018 09.00 to 16.00 (Asia/Jakarta)
Pacific Century Place, 35th Floor
Details of the event can be downloaded here
There is widespread recognition among leaders in most industries that the role of digital technology is rapidly shifting, from being a driver of marginal efficiency to an enabler of fundamental innovation and disruption.
Digitalization is the cause of large-scale and sweeping transformations across multiple aspects of business, providing unparalleled opportunities for value creation and capture, while also representing a major source of risk. Business leaders across all sectors are grappling with the strategic implications of these transformations for their organizations, industry ecosystems, and society. The economic and societal implications of digitalization are contested and raising serious questions about the wider impact of digital transformation.
Advances in digital technologies, from big data, distributed ledgers to block chains, are also transforming the global trade finance industry, bringing in a new generation of players and business models and driving the movement towards paperless trade. Digitalisation of trade, both in the physical as well as financial supply chain will reshape trade in fundamental ways. The application of disruptive technologies, increasingly ubiquitous, platforms that enable trade, and the common application of the latest technology to expand delivery channels: these all expand execution and accelerate transaction life cycles. Combined, they offer the promise of true transformation, and spreading the benefits of trade more fairly, and into the deepest links in global and regional supply chains. It is within these new realities that trade will help secure global economic growth.
Several big players in trade, especially banks, working with IT consultants, have also undertaken initiatives or pilot projects with their main customers using Distributed Ledger Technology (DLT). ICC Indonesia as a trade rules making body organization has designed this seminar in cooperation with major industry players, especially those active in the trade business, to provide real experiences in the use of advanced digital technology and explore its impacts and potential benefits. Participants can also take advantage of this seminar as a forum for discussion and exchange of experiences and ideas with other industry players, banks, corporate finance, exporters, lawyers etc.
WHO SHOULD ATTEND
▪ Bankers in international trade departments
▪Bankers in trade product developments
▪ Bank’s prime customers
▪ Exporter & Importer
▪ IT and System Managers
▪Enthusiast who are eager to take advantage of distributed ledger technology
ONE DAY SEMINAR ON
ADVANCES IN DIGITAL TECHNOLOGY AND THEIR IMPACT ON BUSINESS AND TRADE FINANCE
|09.00 – 09.30||Registration|
|09.30 – 09.45||Welcoming Speech by ICC Indonesia|
|09.45 – 10.00||Opening Remarks by OJK*|
|10.00 – 10.30||1. “Digital economy outlook in Indonesia” by Ilham Habibie, Chairman of Indonesia National Committee on ITC
|10.30 – 11.15||
2. “Making Blockchain Real for Trade Finance” by Inge Halim, IBM Consulting
|11.15 – 12.00||
3. Supply Chain Finance – Optimizing working capital for corporates leveraging technology led solutions” by Shirish Garg, Head – Supply Chain Finance Sales and Client Delivery, Transaction Banking for Asia, MUFG Bank
|12.00 – 13.00||Lunch Break|
|13.00 – 13.30||4. “Trade Finance Transformation” by Budiutomo Kurniadi, Senior Trade Specialist; Technical Advisor, ICC Indonesia
Trade finance has become one of the top focus issues for blockchain technology use. The number of pilots and other trials that are looking into the opportunities of blockchain technology for trade finance and supply chain have taken in place in March 2018 for LC and July 2018 for open account transaction.
▪Metamorphosis in Trade Finance
▪ Why Blockchain Could Revolutionize Trade Finance Documentation
▪ Key Benefits of Blockchain Technology
▪Platform Requirement of Distributed Ledger Technology
|13.30 – 14.30||5. “Blockchain: Understanding the Use Cases and Implications” by Leonardus Gazali, LedgerNow
▪ Introduction to blockchain.
Begin as a triple ledger system first introduced for the admin of the cryptocurrency Bitcoin, and now applied to all aspects of business.
▪Blockchain’s impact and potential for change around the world.
The various methods of blockchain governance that currently exist in the marketplace as well as how consensus fits into governance. It explores how to reach consensus through proof-of-work or proof-of-stake.
▪How blockchain is applied to all aspects of business.
Examining the very specific features of blockchain that solve problems that have been difficult to overcome in the past with more centralized architectures.
▪Demonstrate some of the immediate blockchain use cases in technology, business, and enterprise products and institutions.
|14.30 – 15.00||6. “Digital Economy and Local Regulation” by Senior Lawyer, Hadiputranto, Hadinoto & Partners (HHP Law Firm)|
|15.00 – 16.00||Q & A|
|16.00 – finish||Networking & Closing|