BLOCKCHAIN'S GLOBAL ADOPTION PROSPECTS IN THE TECH LANDSCAPE

Karunya Sampath brings over a decade of tech leadership from Wall Street firms. Driving vision and strategy, she shapes operations, fostering growth and cultural excellence.

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With diverse expertise spanning tech, HR, finance, and board roles, she mentors, practices meditation for 15+ years, and embraces an active lifestyle as a mother of two, merging spirituality with a deeper personal quest.

In an interaction with CEOInsights magazine, Karunya shared her views on blockchain's impact on finance, cloud optimization, healthcare, supply chains, fraud prevention, and its potential interplay with Al/IoT. Also, she highlights challenges like semiconductor scarcity, cybersecurity threats, and emphasizes collaboration for a secure tech ecosystem. Below are the key extracts from the exclusive interview

1. What factors do you believe will drive or hinder the widespread adoption of blockchain technology on a global scale within the tech industry? Blockchain payment systems use blockchain technology to execute payments in a secure, timely, and low-cost manner. These systems enable money transfers independent of distance between sender and receiver, which is very useful in the Cash on Delivery market. They also provide vendors with guaranteed payments and help purchasers manage their finances wisely. Payoda uses blockchain to decentralise operations, improve transparency, reliability, cost-effectiveness, and data quality, and to facilitate speedier transactions. Smart contracts and new consensus mechanisms enable personalised blockchain systems to manage digital assets and protect sensitive data while prioritising consumer growth and success. So, these have been the key drivers for the rapid widespread of blockchain technology.