Skip to main content

Blockchain Technology

While the world is debating on Bitcoin, Partners Group had recently (2 months ago) adopt the bespoke blockchain technology behind it with the intention of streamlining operations and increasing the security of our billion-dollars transactions.

The idea is pretty simple. Instead of having the standard back-and-forth exchanges of the transaction details (in pdf, excel spreadsheet) through emails (which many have increasingly believe is insecure and prone to hackers) with the banks, PG utilizes the blockchain technology to verify these transactions and have a shared ledger 'publicly' available for the banks to further verify.


While the tangible benefits of using the technology have yet to be seen, blockgeeks mentioned how it is going to the change the landscape of finance.

What is Blockchain Technology?

As far as I'm interested to see how this initial adoption turns out, since this will be more on the Investment/Treasury side, it won't affect my team that soon.

I am more interested to know how could this be adopted for AML and KYC part as Blockgeeks highlighted in their sleek graph. Since AML/KYC is what my role covers on a day-to-day basis, it'll certainly be an intriguing task building it from the ground up if it was ever considered in the company.

After the next 1-2 years, perhaps. The learning curve is not something which simply anybody could handle.



Popular posts from this blog

The Virginity Fraud

2 myths of women's sexuality:
1) First time of sexual intercourse is marked by bleeding
2) Hymen will break and be gone foreverThe 2 women, Nina Dølvik Brochmann and Ellen Støkken Dahl, are medical students and authors of The Wonder Down Under, easily demyths the 2 centuries-old belief in their recent sexual education TED Talk:, turned out that hymens come at different shapes and sizes, i.e. stretchable, with small, many holes, or large holes in the middle, which makes it impossible to be a measure of women's virginity. How to make a measure out of something that is not a constant? If it is stretchable or sufficiently spacious to allow penis to penetrate through, it doesn't have to break and bleed, and remarked that a woman is still a virgin. Medical professionals have known these for many centuries, but the myths are still prevalent in the societies. Why are these facts not highly publicized? Because it is being used to surpress women i…

2017 Lessons

Receiving the feedback from my boss and my mentor was easy - they are all very positive. Those that are not, they have been work in progress. But I'm going to push my limit further - I'm still not satisfied with where I am now. A few learning points for 2017 (which haven't ended yet - I might have an update) below, however:1) Never be afraid to speak up - be it on a new, more efficient approach on doing things (ofc, research them well first before presenting it), be it saying no and pushing things away (due to lack of capacity and inevitable compromises of quality), be it asking for help (you'll be surprised on how people are happy if you ask for their help as they feel that they're worth much more than they think of themselves). You need to speak up to get what you want. Nobody can read your mind and nobody will know what you want unless you say it out loud. 
Moving forward: Learn to be more tactful. Learn to speak with confidence in front of a few more people th…

Working Tips

Growing up is growing pains. Hurts, but it's necessary to go through. When I first started working, the transition was hard, but I learnt a lot. Here are 3 lessons I found the most invaluable till now. 1) Setting expectations too high. It's true that in order to shine we have to give a 100%, but often times, when we were still young and energetic, we overestimated our measure of 100%. It is usually our 120-150%. Giving this overpowering 100% everyday is not sustainable - eventually you'll reach a burnout point. Reduce what you thought is 100%, not so much, but enough for you to do your job well, make your supervisor happy, and sustain for a much longer period of time. 2) Smile. An often underestimated value in the workplace. Everybody loves people who always smile to them, acknowledging their presence instead of ignoring them. You don't necessarily have to greet them cheerily and ask them sincerely how are they doing (although this is a super good time to practice the …