Ashok Vemuri, CEO of Conduent
June 8th, 2018 Conduent Analyst Day
Of these five practice areas, I would like to spend a few minutes on blockchain. I’m not referring to bitcoins here but the underlying technology which has endless applications across business and government services. Blockchain technology can be applied to any multi-step transaction where timeliness, traceability and transparency are required. It promises to drastically transform digitized business processes in several ways.
Multiple steps and relationships across an entire stream of interactions can be managed simultaneously while making them more efficient, agile, secure and transparent. We are convinced that distributed leisure and blockchain technologies can address a number of pain points for our clients.
Smart contracts, a capability that blockchain enables, is an area that we’re particularly excited about. There are almost infinite possible applications for smart contracts, from automating entire facets of the supply chain to introducing new levels of security and transparency to the procurement process. You’ll be hearing more about our progress here and results with clients in the coming quarters.