SGCCI Hosts Tech Summit on Blockchain and AI for Business Growth

On Thursday, the South Gujarat Chamber of Commerce and Industry (SGCCI) organized a tech innovation summit in Sarsana, aimed at exploring the potential of blockchain and artificial intelligence (AI) for local business development.

Entrepreneurs Gain Insights into Tech Benefits

The summit featured Sunil Kapadia, Gujarat's regional ambassador, blockchain architect, and founder of the Open Blockchain Foundation, as the keynote speaker. Kapadia provided crucial insights to entrepreneurs in the IT sector, emphasizing the significance of blockchain and AI in modern business practices.

Kapadia elaborated on blockchain as a decentralized ledger technology that guarantees transparency and security in transactions. He highlighted AI's capability to enhance data analysis and automation, thus enabling businesses to operate more efficiently.

Blockchain and AI Across Industries

During his presentation, Kapadia discussed the diverse applications of blockchain and AI across several industries, including textiles, diamonds, chemicals, and pharmaceuticals. He explained how these technologies could streamline supply chains, minimize fraud, and improve product quality.

Chamber Officials Endorse Tech Adoption

Ramesh Vaghasiya, SGCCI's immediate past president, welcomed attendees to the summit and underscored the potential of blockchain and AI to drive business growth. He encouraged entrepreneurs to consider integrating these technologies into their operations.

Nirav Mandlewala, the Chamber's honorary minister, echoed these sentiments, pointing out that blockchain can bring enhanced security, transparency, and efficiency to businesses. He noted the relevance of blockchain algorithms for the development of various sectors such as textiles, diamonds, and chemicals.

Bashir Mansuri, the Chamber's group chairman, expressed his gratitude to all participants for making the summit a success.

Increased Awareness and Future Prospects

The summit significantly raised awareness about the benefits of blockchain and AI among South Gujarat entrepreneurs. Many attendees left considering the adoption of these cutting-edge technologies to foster growth and innovation in their businesses.