"If you make the right choices, blockchain will help you, otherwise it will become a nightmare to manage"

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Interview with Vinita Rathi, CEO and founder of Systango | Technology Conference Blockchain 2018

Because there are so many blockchain solutions out there, it's important to identify the problem you're trying to solve and if the solution you've chosen can facilitate this. If you make the right choices, blockchain will help you, otherwise, like any technology, it will be a nightmare to manage. We spoke with Vinita Rathi, Systango's CEO and founder of the shortcomings of current blockchain infrastructures, of things to do and not do to create an enterprise blockchain and more.

"The fact that you can run blockchain yourself is a turning point"

The Blockchain Technology Conference has come to an end but now is the perfect time for an overview of the most important takeaways.

We gathered enough information to keep our minds well fed until the next blockchain conference and for those of you who could not attend the conference, we streamed three key notes so you do not miss a thing. You can find them here and here.

Speaking of takeaways, we talked with Vinita Rathi, CEO and founder of Systango and speaker at the Blockchain Technology Conference, on the shortcomings of current blockchain infrastructure, on things to do and to do to create an enterprise blockchain and more.

SEE ALSO: Architectures of a blockchain solution for the enterprise

Here are some quotes from the interview:

  • The fact of being able to perform blockchain autonomously is a turning point.
  • Because there are so many blockchain solutions out there, it's important to identify the problem you're trying to solve and if the solution you've chosen can facilitate this. If you make the right choices, blockchain will help you, otherwise, like any technology, it will be a nightmare to manage.
  • The question you must ask yourself is: does this really require blockchain? So write down why you are using blockchain, what do you expect blockchain to do for you, then look at existing blockchain providers (both public and private).
  • For smart contracts, Ethereum is the most mature and common solution, as well as having a good community around it. Despite the cost of gas, you would continue to join Ethereum just because it is the fastest-evolving technology.
  • If you are in a business context and are using blockchain for immutability, you need to consider reliability, scalability and resilience. Here's where Hyperledger will be powerful.
  • The reality is that since the technology is new, there will be times when you will be stuck. Before deciding which blockchain solution you want to use, you have to ask yourself: if I remain stuck, who will come to help me? This is [again] where Hyperledger was very useful only because of the support out there.
  • The list of deficiencies of current blockchain infrastructures includes: insufficient documentation, lack of community, lack of clarity on regulations.
  • I do not know if we will have Ethereum as we know it now in five years or another version of Ethereum that will be better than the version we have now but as a technology and platform, it is one of the most innovative frameworks. So it will surely remain.

Vinita Rathi is the CEO and founder of Systango. Former Vice President of Goldman Sachs, he is a highly qualified professional with a personal passion for Fintech, Blockchain and IoT projects.
Vinita has over five years experience in a Level 1 investment bank specializing in trading technology and about five years as a CEO and founder of a global software consultancy (Systango) with more than 100 employees, a list of customers who includes Grindr, Dialpad, ResearchNow, Deloitte, Oracle and Porsche.
She is also the founder of Studio Fintech, specialized in dealing with Fintech and blockchain ventures, with particular attention to blockchain-focused projects. He worked with some clients to create their own DAPPs and launch their ICOs. Vinita is a very active member of the Women in Tech community in London and has founded Women Hack for Non Profits and Women Who Code London.

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