In the second episode of our new season of Web3 Innovators, our host Conor Svensson is joined by Bharat Gupta, Senior Principal for Financial Services and Insurance at Infosys, which is a global leader in next-generation digital services and consulting Bharat is focused on digital strategy for financial services clients covering crypto and blockchain advisory for new business initiatives. Episode highlights: How blockchain as a technology initially sparked Bharat’s interest in the spaceThe similarities he saw between mission critical systems and blockchain technologyWhy he became fully involved in 2019 after large organisations showed an interest in the spaceWhat Bharat believes will happen in the future with the digitisation of financial servicesHow digitisation of product can help raise capital and introduce a wider customer baseWhat regulation is currently like for financial servicesThe scalability issues with the Bitcoin and Ethereum network and how these are being resolvedHow financial services are dealing with transparency and privacy on the networkBharat’s advice for anyone wanting to become involved in the spaceThe projects Bharat is currently focusing onKey Takeaways: So that really intrigued me and then pulled me in completely. If large institutions are looking into this then I think it makes more sense for all of us to look into this space. - Bharat It was never a thought for financial services that they need to change their product. - Bharat So this whole new field has opened up for startups to raise capital. And how this is happening is because of that same underlying technology, and that's what I call digitisation of the product. - Bharat These networks are not designed for transit. These networks are designed for settlement. So I call it the base layer. Layer one networks are nothing, but it's a settlement networks. Whatever you need to do on top of it, that is your transaction layer. So transaction layer has to be very scalable Now they are building, and I believe that ecosystem will definitely thrive and then scale again, because Bitcoin would not just become a store of value, it will also become a transaction mechanism. - BharatResources: BlockchainEthereumBitcoinLightning NetworkCharles SchwabICO RushMiCA RegulationRollupsZK Rollups➡️ Remember to leave us a 5* review and we'd love to hear your comments too! ➡️ Discover Web3 Labs ➡️ Follow Web3 Labs on Twitter ➡️ Follow Web3 Labs on LinkedIn ➡️ Follow Conor on Twitter ➡️ Get Conor’s latest thoughts on Web3 at https://writing.conorsvensson.com/