Opinion

Blockchain Is the Future of Banking and Finance: Prasanna Lohar, Head Innovation, DCB Bank

The blockchain technology is the future of banking and finance, says Prasanna Lohar, Head of Innovation and Architecture, DCB Bank. He was speaking with Muqbil Ahmar, Executive Editor, dynamicCIO. In fact, he also disclosed to me that DCB Bank is experimenting with the new blockchain technology and that several projects are already underway. Efforts are on to find out the right use cases as well as the potential of the new technology. He also says that there are multiple use cases for the blockchain technology in several other departments apart from banking and finance, such as accounting, HR, and others. Aided by blockchain, DCB Bank is redefining business strategies and models.

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