00:00some of the major use cases which have now we are seeing most traction.
00:09So today we're going to have a discussion around how blockchain privacy can really be demystified
00:15for financial institutions and fintechs. And as part of that conversation, I'd like to invite
00:21Dr. Ravi Chamaria, who is the co-founder and CEO at Zeeb, as well as Santal Sharma,
00:26who is the VP of Engineering and co-founder at Zeeb. And my name is Thomas Abraham. I'm the Chief
00:31Revenue Officer at Zeeb. So Ravi, just to kickstart the conversation, before we dive deep into privacy,
00:38perhaps our users might be really interested to understand what are some concrete and relevant
00:44blockchain use cases that are of relevance for financial institutions and fintechs.
00:51So financial institutions have been the early adopters in blockchain way back in 1617. And
00:57we, in fact, were engorded in quite a few POCs and pilots while working with PACs. Now, over the
01:02period of last seven, eight years, a lot of use cases have been very well established. Some of
01:07the major use cases which have now we are seeing most traction in the banks. First is the real world
01:12asset tokenization. And real world asset tokenization covers quite a few use cases like tokenized
01:18deposits, tokenized funds, where we are already seeing quite a few in deployments that have
01:24happened in production. Then we have tokenized digital securities that includes equities and bonds.
01:31Yeah.
01:31And then the second bigger use case is payments and settlements. And that is maybe cross-border
01:37settlements or within the specific geographies. So a lot of payments and settlement use cases are
01:42being done.
01:43And then stablecoin is forming the backbone in terms of, again, not just touching upon the
01:49payments and settlements, but also the tokenization use cases. And then we have some other use cases
01:54which are gaining traction like trade finance, where there were some earlier consortiums, but
01:58now we are seeing a resurgence of trade finance activities. So these are some of the larger use
02:03cases which we are seeing, whether it be institutions, banks, or fintechs.
02:07No, absolutely. So, Sankalp, I mean, there are some fantastic use cases now coming out for
02:12financial executions. But are these use cases going to be driving adoption of custom chains or
02:19roll-ups for banks? Because today we see a lot of banks, in any case, making their assets available
02:25across various chains. So what do you see that trend and what use cases are specifically driving the
02:31need for a custom chain?
02:32Yeah, so I think I'll start with what Predictor 35 has been for all of us in the industry, right?
02:38There has been quite a bit of a withdrawal that has taken place in industry in terms of the number
02:42of chain or solutions that we're looking to hire their own custom chains. And when something like
02:47that occurs in an industry, there's usually some good use cases that, you know, show their strength
02:52of what they hold in terms of power. This came out of the place which was in discussion for a
02:56pretty
02:56long time. You know, we've been working in this enterprise case for the longest of times.
03:00But yeah, we saw that this emerged very well, which was banking use cases and financial
03:08blockchain use cases. Custom app chains, I think, have a big role to play. They are the only way of
03:16how you can connect to the larger ecosystem of F3 while you're getting the same realities that you
03:21will get from traditional blockchain, public blockchain infrastructure. So dedicated blockchain
03:25infrastructure is a prerequisite for many of these use cases because of compliance needs,
03:31data compliances, processing, decentralized control, decentralization, and confidentiality.
03:35All of those bits are important for a typical financial use.
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