Blockchain has the potential to redefine the traditional CFO role and transform the finance function. What steps can CFOs take now to prepare for this revolution?Register
28 May 2018
Blockchain is an emerging technology that has the potential to impact existing business processes and functions. This technology structures data without the need for a central authority, allowing data to be stored in a distributed ledger that offers increased trust and transparency through an immutable record of all transactions. The World Economic Forum foresees an opportunity for CFOs to provide a trusted platform for financial, contract and voting activities as blockchain reaches a tipping point in maturity when it stores 10% of the world’s gross domestic product (GDP) within the next 10 years.
Blockchain has the potential to redefine the traditional CFO role and revolutionize the finance function. The future finance function will use blockchains to increase IT security, manage extended value chains and streamline contract enforcement. It is therefore critical that the CFOs understand the implications and potential of this technology for their role and business.
In our first CFO Talks of 2018, we will introduce the concept of blockchain, followed by a discussion on the potential applications of this technology in the finance function and what the immediate next steps are that the CFO can take to get ready for the blockchain revolution.
|07h30||Registration and refreshments|
Prof Raphael Mpofu, Acting Executive Dean, UNISA Graduate School of Business Leadership
|09h05||Opening remarks from the Chair|
|09h10||Keynote address: What is blockchain and how will it affect the CFO?
- Monica Singer, Blockchain Ambassador, ConsenSys
|09h40||Panel discussion: Blockchain will revolutionise the finance function: how prepared are you?|
|Moderator: Nevellan Moodley, Associate Director, KPMG
- Monica Singer, Blockchain Ambassador, ConsenSys
- Aatish Ramkaran, Digital Architect, Nedbank
- Matt Owen, CEO & Principal Fund Manager, Caesium Capital
- Paresh Daya, Blockchain Strategist, Standard Bank & Chairman: Technology, South African Financial Blockchain Consortium
|10h30||Brunch and networking|
|Venue:||Sage Conference Centre, Woodmead|
|Date:||28 May 2018|
|Time:||08:30 for 09:00 – 11:00|
Monica Singer is a Chartered Accountant (SA) and a Fellow of the Institute of Directors. She was the first CEO of South Africa’s Central Securities Depository (CSD), Strate (Pty) Ltd, which she set up in 1998. In August 2017, she resigned as the CEO of Strate and all related board positions so she could concentrate on bringing blockchain technology to all relevant industries. In October 2017, she was appointed as ‘Creator of Opportunities’ at ConsenSys, an international venture production studio using blockchain technology to build distributed applications on the Ethereum world computer.
Monica is also a member of the Blockchain Advisory Council. She has held numerous board and advisory positions. She was the Vice President of the African Middle East Regional Association of CSDs (AMEDA) and a member of the World Forum of CSDs (WFC). She was also involved in a number of charitable organisations including Strate Charity Shares and chaired the Afrika Tikkun Investment Trust for 10 years.
Monica previously worked at the World Bank in Washington DC in 1995/96 and was the Technical Director of the South African Institute of Chartered Accountants (SAICA) from 1990 to 1996.
Aatish Ramkaran is a veteran solution architect who has been described as 'contagiously passionate'. He thrives on discovering innovative solutions to complex problems, and has been automating, integrating and enhancing financial services for the better part of a decade. He researches, ideates and designs Fintech solutions using a rapid delivery process based on Design Thinking and Lean principles. Aatish is a strong advocate of furthering the application of science and technology to address global issues and is shamelessly optimistic about our future. He is a member of the South African Financial Blockchain Consortium.
Matt is the managing partner of Caesium Capital, a blockchain-based digital asset management company. He studied Business Science at the University of Cape Town where he majored in Finance and Accounting, before going on to qualify as a Chartered Accountant. He obtained his designation whilst working within the Financial Services division of KPMG, focusing on Banking & Capital Markets and Private Equity. He is a forward-thinking individual and has been fascinated by blockchain technology for the last few years. In that time, he has become a leading expert on blockchain-based digital assets. Through working in both London and New York he was able to establish a strong global network of blockchain professionals with interests in a variety of projects the world over. Collaborating with certain key members in this network he founded a global blockchain-based digital asset online community which is constantly engaging on everything blockchain related. He firmly believes in the disruptive capabilities of this technology and is positioning himself to be at the forefront of this innovative space as it becomes more widely adopted.
Paresh has spent his career specialising in fintech, primarily in front office trading, working for global tier one investment banks across the UK and South Africa. Moving into the digital forefront, he is now the Blockchain Strategist for Standard Bank based in South Africa and also drives blockchain initiatives and communities across the country. He is also heavily embedded within the entrepreneurship and technology start-up sectors.