Seizing the Blockchain Opportunity with MarketOrders

 

On 13th Nov 2018, our COO and co-founder, Sukhi Jutla spoke at the ‘Seizing the Blockchain Opportunity’ event held by London & Partners.

 

The sold-out event bought together professionals working in the blockchain space and those wanting to learn more about the real-life use cases of blockchain and where the opportunities are.

 

We are on the cusp of a blockchain revolution. The last year alone has seen major corporates gain interest in the distributed ledger technology, and an increasing number of companies are starting and scaling rapidly in the space.

 

The event saw three panel discussions, outlined below, and welcomed speakers from early-stage start-ups all the way to major corporations in the blockchain industry, to discuss the reality of the space, its major challenges and the greatest opportunities for applying this emerging technology.

 

 From L-R: Simone Maini, Abel Tedros, Anna Mostyn Williams, Sukhi Jutla

Here is a summary of the event with key takeaways

 

Panel 1: Opportunities and Dreaming Big: this panel discussed the major opportunities that are now possible thanks to blockchain technology, from creating a truly global marketplace to financial inclusion for the unbanked, digital identity solutions, supply chain transparency and more.

 

Key takeaways:

  • There are powerful use cases for blockchain that can be used for identification purposes to prevent fraud
  • As use cases on the blockchain increase, there could be issues with scaling
  • Users don’t need to understand the mechanics and technical aspects of the blockchain. Need to get them past that. Just how we use the internet and email without thinking about the technical work that happens underneath, we also need to start embracing blockchain and its benefits
  • We all use the internet and email but not all of us necessarily understand how it works!

 

Panel 2: What Keeps Me Awake At Night: this panel explored the main challenges that blockchain faces today, focusing on blocks such as limited transaction speeds, the energy usage of mining, the lack of regulation in the crypto space, amongst others

 

Key takeaways:

  • Can we truly get to a decentralised model or will we see the rise of centralised entities again in order to scale?
  • We need some level of regulation in order for investors to feel comfortable and confident in investing in ICOs
  • Educating the market and its end users in the possibilities of blockchain are important.
  • Giselle Frederick of Zingr explained how market vendors in Grenada, a small Caribbean island, were hesitant of the idea of using a blockchain enabled payment app until she explained they could use this technology to sell even more products to customers on the other side of the tiny island and be guaranteed payment!
  • Rodney Prescott of PWC talked about scaling, adopting blockchain with regards to the consensus mechanism and the rise of consortium structures.

 

Panel 3: How To Start A Career In Blockchain: attendees heard the personal stories of professionals who entered the space, who shared what led them to blockchain and how it is to work in the industry.

 

Key takeaways:

    • Have a growth mindset and actively learn about blockchain
      attend meetups, reach out to your blockchain role models and learn from them
    • If you can’t join a blockchain start up then create something yourself!
    • Follow key people on social channels and learn from them like Andreas M. Antonopoulos, Vitalik Buterin and Joseph Lubin,

 

  • Other useful resources shared:

 

http://www.weekinethereum.com/

http://unchainedpodcast.co/

https://www.coindesk.com/

https://twitter.com/aantonop

https://about.me/vitalik_buterin

 

Written by MarketOrders

 

MarketOrders shortlisted for TechWomen100 Awards

 
 
PRESS RELEASE

 
Since August 2018, WeAreTechWomen has been searching the UK for the best female tech talent in the country. With the support of headline sponsor Worldpay, WeAreTechWomen has now identified a shortlist of 200.

 
MarketOrders is thrilled to announce their co-founder and COO, Sukhi Jutla, has made the shortlist.

 
The public vote of support is now open for the 200 individual shortlist nominees. You can vote for Sukhi here: https://bit.ly/2SPeO5o

 
The TechWomen100 awards are the first of their kind to focus solely on the female tech talent pipeline and to also recognise the impact of champions, companies and networks that are leading the way for future generations of tech talent.

 
The shortlist showcases remarkable women within technology sector covering a wide range of roles such as Machine Learning Engineer, Radio Modelling Engineer, Quantitative Analyst, Brexit Programme Manager, Radio Prototyper, and Cyber Security Consultant.

 
The full shortlist includes individuals from leading firms such as Amazon, Apple, EY, Fujitsu, IBM, Kurt Geiger, Lloyds Banking Group, Mastercard, Microsoft, O2 and PwC, alongside founders and entrepreneurs of tech start-ups.

 
Over the nomination period, WeAreTechWomen received over 500 nominations from across the UK and Northern Ireland. The calibre of entries for these awards was exceptional and all of the judges stated how difficult it was to arrive at the shortlist due to the amazing achievements of our nominees.

 
Vanessa Vallely, Founder of WeAreTechWomen said, “At WeAreTechWomen we have made it our personal mission to shine a spotlight on women working in tech. Our strategic aim is to highlight 500 female future leaders in technology by 2022. The response to this year’s awards has been fantastic and calibre of entries has been outstanding! I am so proud to see so many women in tech recognised for their achievements and really look forward to seeing who our final winners will be in December.

 
The TechWomen100 Awards is supported by Worldpay, Accenture, BAE Systems, Credit Suisse, Dell, Deloitte, NewsUK and Sky.

 

Written by MarketOrders

 

PRESS RELEASE

 
 
 

MarketOrders is thrilled to announce they are part of the #WeAreOneTech campaign to inspire more women and individuals from underrepresented communities to consider starting an ambitious startup.

  

MarketOrders COO and co-founder, Sukhi Jutla, is one of 4 startup founder stories to be profiled for the launch of this nationwide campaign.

 

Watch the video here: https://youtu.be/dSalfHUTU-I

 

Read Sukhi’s full story here: https://medium.com/onetech-founder-stories/meet-sukhi-jutla-39a70f98ebeb

 

About OneTech

OneTech is a ground-breaking new initiative, supported by the JPMorgan Chase Foundation, to provide female entrepreneurs, and those from some of London’s most underrepresented communities, with the opportunity to start and scale a high growth tech business.

 

The lack of diversity costs the tech industry dearly in untapped potential, talent and growth. Capital Enterprise has long recognised that this needs to change.

 

This project will connect founders with mentors and access a range of workspace, pre-acceleration, acceleration and investment readiness opportunities.

 

We are aiming to get businesses to better understand why diversity and inclusion makes sense; what needs to be done to help diversify their recruitment and selection processes; and double the number of female and BAME (Black, Asian and Minority Ethnic) founders accessing investment by 2020.

 

We hope to inspire more women and individuals from underrepresented communities to consider starting an ambitious startup, and affect real change with supply, demand and culture change in London’s booming tech ecosystem.

 
 
 

Find out more: https://weareonetech.org/

 

Read The Evening Standard Coverage: https://www.standard.co.uk/tech/capital-enterprise-onetech-mission-diversity-tech-a3975191.html

 

#WeAreOneTech

 

Written by MarketOrders
 

MarketOrders at the eCommerce Expo Summit

 


 

On the 26th Sept 2018, MarketOrders COO, Sukhi Jutla, spoke on a panel on how and why retailers need to embrace blockchain.

 

Sukhi was joined by:

 

  • Denis Baranov, Principal Consultant – DataArt
  • Tony Long – Global eCommerce & Digital Marketing Lead, Kimberly-Clark
  • Terry Igharoro, Founder & CEO – InventoryClub

 

 

 

Panel: Bracing to Reap the Benefits of Blockchain

 

The impact that blockchain will have on retailers is huge! Companies that are educated in how to implement this effectively and efficiently will find themselves at a significant advantage over those still scrambling to figure it out. In this session hear how blockchain will impact data security, supply chain and payments!

 

Check out some of the video clips to catch up on the event

 

 

 

 

Written by CEO & Founder, Ram Krishnna Rao

 

MarketOrders at the London Blockchain Summit 2018

 

Publica’s Author Advisor, Sukhi Jutla, returned to the Olympia Hall in London, where Publica, earlier this year, attended the London Book Fair, to speak on the panel named “How ICOs are Revolutionising Start-Up Funding” at the London Blockchain Summit on Wednesday, 27th June.

 

 
The conference was attended by over 4000 people with over 100 events over the 2 days. The room where Sukhi spoke was filled to the brim roughly 200 people attended the panel!

 

Sukhi talked on the panel about how ICOs are revolutionising the start up funding scene. Sukhi talked about how authors are now operating as start-ups and can use ICOs as a source of start up-funding support.

 

 

The audience were amazed when Sukhi reminded them that the eBooks they buy from amazon and other stores don’t belong to them – you purchase only the license to read them – you don’t own them. Sukhi emphasised that Publica allows you to own your book and even better — gift copies away and buy multiple copies. Many had no idea authors could do book ICOs and said it would change the publishing landscape.

 

We at MarketOrders are also excited about how blockchain can be used in the gold jewellery market.

Stay tuned for more updates regarding blockchain and MarketOrders!

 

 
Written by CEO & Founder, Ram Krishnna Rao

 

 

Why the future of retail sits at the intersection of e-commerce and the physical retail shop?

 

The digitisation of Gold Jewellery Industry on MarketOrders platform becomes location agnostic and open to global gold jewellery industry which can constantly evolve by investing in and building Unique IP that will add value for every participant on the platform.

 

In order to make MarketOrders a strong marketplace for the gold jewellery industry, MarketOrders must continue to invest heavily in machine learning, blockchain technology and data – analytics capabilities to gain and gather intelligence from trade data flow.

 

 

MarketOrders enhances the intersection of e-commerce and physical retail stores. Retailers understand that strong customer engagement can only be achieved by implementing new innovation and new technology. This realization causes retailers to think about the need to innovate. They are constantly seeking to evolve and innovate. To execute this vision of an in-store experience powered by technology, retailers need to leverage the capital-skill set of both infrastructure and operations which can cost them a fortune.

 

Keeping in mind that retailers are prime for fresh ideas and new approaches, MarketOrders platform introduces new technology to retailers to help elevate the customer experience and create an incentive for shopping offline and driving purchase intent by increasing the visibility of demand  by allowing retailers to discover product of relevance, reduce shoppers frustration and help create pleasing experience and increasing chance of customer delight.

 

We believe that the future of retail sits at the intersection of e-commerce and the physical retail shop. MarketOrders will bring and enhance these two experiences into a seamless integrated and complementary approach.

 

 

The ultimate goal of MarketOrders is to help retailers to leverage real-time placement for retail stores which will create a concentrated and consolidated Marketplace with retail-user interface integration with a unique point of buying. This will enable and optimize retail buying to be unique, personalized and enable customisable experiences and pushes retailers to know who is their customer in the rise of the experience economy.

 

Today, the world is entering a new phase of globalization where digital technology is rapidly changing the nature of doing business. MarketOrders platform is adopting the technology to digitize the entire end to end supply chain of the gold jewellery industry in this new world across physical and digital commerce by bringing a centralized hub and digitising it.

 

Written by CEO & Founder, Ram Krishnna Rao

 

How MarketOrders is using a three-pronged strategy approach to centralise the gold jewellery industry

 
In the previous post, we touched upon how MarketOrders is using a three-pronged strategy approach. These are centralisation, creating unique IP and e-commerce. In this post, we deep dive into each of these approaches and show why the gold industry needs to adopt a centralised platform.

 
The first strategy as an entry point is to create a centralized platform for the entire Gold Jewellery Industry This will allow retailers visibility and to conduct trade securely. These include discovering new jewellery designs and managing their common audit trail between counterparties on a single platform. In the first instance, MarketOrders platform allows retailers and manufacturers to buy and sell gold jewellery and grow their business.

 
Gold jewellery retailers and manufacturers do not have resources such as expertise and capabilities to digitize their retail shop offerings. This is why its essential to have a digital marketplace. Once retailers get used to trading online, MarketOrders platform can expand quickly to emerging countries and expand the gold jewellery business growth digitally. Global buy, Local sales.

 

 

photo credit: https://pixabay.com/en/handshake-hands-laptop-monitor-3382503/

 

The Second pronged strategy of MarketOrders is by creating Unique IP as a value-adding component of the platform. This includes our unique ‘On Demand Order Aggregator’ system via our smart router system and data-driven supply and demand scoring system.

 
This IP will serve as a unique and inimitable differentiator. As the density of the platform increases, developers can create more attractive IP for MarketOrders platform, which will create higher demand and leads to a greater usage of the platform. This will create a virtuous circle.

 
The third pronged strategy is by MarketOrders providing centralization and concentrated digitize commerce for the Gold jewellery industry. It also can leverage its position to allay fears among traders on the platform.

MarketOrders is a non-manufacturer and non-retailer to allay competitive fears among traders who are using MarketOrders Platform.

 
All these three strategies establish  MarketOrders platform as the dominant standard to digitize Gold Jewellery commerce.

 

 

 Written by CEO & Founder, Ram Krishnna Rao

 

How the gold jewellery industry can adopt a centralised platform strategy

 
The gold jewellery industry is a very ancient industry. It is as old as civilisation itself and its one of the few industries which haven’t been revolutionised by the use of technology…until now that is!

 
MarketOrders is on a mission to bring unity and centralisation to this fragmented industry.  And for the gold industry to become digital, they must first be bought into centralisation.

 
To understand this better, let us consider planes and passengers. For example, when there is no airport, just imagine the scenario. Planes land in any available space to land the aircraft and board the passenger and head back to the destination.

 
Now, this situation would cause havoc in the aviation industry. The passenger has to go to any landing space of aircraft NOT knowing which destination the plane will head back to. And this happens because there is no visibility of demand and supply.

 

photo credit:  https://pixabay.com/en/aircraft-landing-reach-injection-513641/

 

Now, apply this scenario of an airport or hub to that of a centralised platform. You now have total visibility of what planes are available and how many passengers want to take a flight. The passengers will have visibility of which aircraft are at which terminals. They will know what time the planes will leave and which destinations they are heading in.

 
The airport concept serves as a centralised mechanism, not just as a centralised infrastructure connecting passengers, planes and destinations but also providing retail offerings such as shops, restaurants and shopping mall experiences.

 
MarketOrders can leverage a similar system by providing a centralised hub for the gold jewellery industry. This would enable multiple participants such as manufacturers and retailers to collaborate in many ways.

 
As an initial adoption of strategy in building the first ever concentrated market via centralization, MarketOrders is using a three-pronged strategy approach. These are centralisation, creating unique IP and e-commerce. In the next blog post, we take a deep dive into this unique approach.

 

Written by CEO & Founder, Ram Krishnna Rao

 

Why the gold jewellery industry must adopt a platform strategy

 

The gold jewellery industry is a very ancient industry. It is as old as civilisation itself when early humans would gift gold and adorn it on their bodies. From day one it has had a cultural and personal significance. And thousands of years later, it still remains an untapped and fragmented market where technology has yet to make it smark on this industry worth $175 billion dollar industry.

 

photo credit: https://pixabay.com/en/sculpture-museum-perth-gold-digger-1104196/

 
Today, this industry still operates in a highly fragmented and scattered manner. As a result, the industry must re-invent itself as a hub suited for the digital world.

 

Today in digitally dominated economies, marketplaces offer customers the opportunity to connect with one another. The Gold Jewelry industry must adopt this approach of a centralized marketplace. In a way, the marketplace is the most ancient way of trading goods. And this is also where the digital age has gravitated towards – a marketplace that is truly global in scale with thanks to technology.

 

A digitised centralised platform will act as a key advantage for sellers and buyers by allowing them to connect through a digitally initiated platform.

 

Today, digital technologies are changing the nature of globalization. The digital economy is driven by the rapid growth of a digital transformation and it’s happening at a breakneck speed.

 

photo credit: https://pixabay.com/en/bitcoin-money-virtual-market-3137984/

 

The MarketOrders platform will be an engine of innovation for gold jewellery retailers specifically and retailers in general SME’s as it will allow them to participate in international trade without the need to invest in their own technology-driven supply chain.

 

In the changing landscape, gold jewellery retailers and the entire industry needs to re-imagine and re-invent its position in centralised platforms and leverage its current strength in physical gold trade retailing to create a new digital trade.

 

 

Written by CEO & Founder, Ram Krishnna Rao

 

Why the Gold industry needs to wake up to the reality of blockchain technology

 
I walked into the newsagent to get some water and nibbles as I was driving a long way to visit one of my customers on the outskirts of London. It should have been an uneventful occurrence to grab a bottle of water when my eyes darted to what I thought was an ATM machine. But this was no ordinary ATM.

 

It said ‘BITCOIN ATM Machine

 

 

 

I instantly looked at the shop owner and he smiled back and said,’ I know what your thinking’ as if he had read my mind!

 

I am a passionate advocate for blockchain technology and recently qualified as an IBM Foundation Blockchain Developer to quench my growing thirst for how this technology suddenly became more mainstream and the ways in which it is already disrupting traditional industries. (see my last post where my co-founder Sukhi Jutla, became the works, first author, to have a book published on the blockchain.

http://s752989504.websitehome.co.uk/get-women-fintech-interview-marketorders-coo-co-founder-sukhi-jutla/

 

I continued to look at the Bitcoin ATM machine as I had heard about their existence but till now thought it was the myth. I didn’t realize people were using cryptocurrency to pay for their water bottles already!

 

Though blockchain tech is relatively new (it’s under a decade old), I am a newcomer to this industry but it’s changing so fast already. I have recently begun to get really inspired and excited about the way this technology can bring about huge changes especially in making things move more efficiently. In the gold industry, this means more transparency in the supply chain process as well as in confirming the origin of products.

 

So thought I was surprised to see my first Bitcoin vending machine, it certainly won’t be the last time I will see it. Perhaps next time, I may even pay for my bottle of water with a cryptocurrency!
 

 Written by CEO & Founder, Ram Krishnna Rao