Ask Shivendu Shivendu what he’s most enthusiastic about and you’ll get a grasp class
lesson about blockchain, cryptocurrencies, Non-Fungible Tokens (NFTs) and token economics.
These phrases — and the expertise behind it —could also be new and complicated to the typical
layperson. The USF Muma School of Enterprise affiliate professor is a number one voice
in lecturers and analysis on this revolutionary and evolving discipline.
As an knowledgeable on blockchain expertise and rising enterprise fashions round it, he says
these applied sciences might fully change the face of commerce and data programs
throughout the subsequent few years. This modification will create a cheap and environment friendly
structure of Web of Worth Switch — a web-based area the place individuals can immediately
switch worth between one another — on the highest of current Web of Info
This can make the commerce and switch of worth throughout non-trusting events simpler,
smarter, and quicker with out intermediation by trusted third events. In flip, these
applied sciences can be quickly adopted due to discount within the transaction prices
in worth switch throughout enterprise networks.
He has a number of most important analysis tasks that use the digital anonymity and flexibility
of blockchain expertise to resolve on a regular basis issues. Having real-world purposes
is on the crux of his analysis.
“Our focus is to resolve issues, create worth for society and for entrepreneurs,”
Shivendu is working with researchers within the USF Division of Arithmetic and the
College of Public Well being to create a digital ID on a blockchain. This is able to permit individuals
to share their well being data, like vaccination data, with others with out revealing
Blockchain is a type of distributed ledger expertise, a file preserving system the place
the file of transactions is distributed amongst a community of computer systems. It’s a series
of blocks: a “chain” as a result of every part is recorded in chronological order. And “blocks”
as a result of the transactions are added to the chain in teams somewhat than individually.
Shivendu can also be researching the creation of a blockchain-based pockets. This mission
with a Tampa-based startup would create a digital blockchain-enabled pockets the place
individuals may retailer their healthcare data and provides permission to healthcare suppliers
to entry some or all these data.
A 3rd blockchain mission, referring to medical insurance, harnesses the applied sciences
of blockchain to permit somebody to go see a healthcare supplier with full anonymity.
One of many challenges is that some individuals don’t search healthcare due to privateness
“The potential is that we are going to be growing the engagement with the at-risk inhabitants
by utilizing blockchain expertise to make the interplay nameless with out the chance
of any fraud,” he stated.
The attainable purposes for blockchain-based expertise are wide-ranging.
Say somebody will get vaccinated and desires to point out proof of vaccination to dine in a restaurant.
This digital ID mission would permit individuals to share a verified vaccination certificates
with out disclosing any figuring out private data, like a reputation. The restaurant
would merely scan a QR code to see the vaccination certificates.
This revolutionary expertise is exclusive. It’s safe. It’s laborious to alter or destroy
blockchains due to their distributed nature.
“Blockchain and cryptocurrency may have a much bigger affect on our world than the Web
as a result of these applied sciences create Web of Worth Switch of the Web” he stated.
As is commonly the case, there’s a tendency to place a clamp on new evolving applied sciences
as a consequence of related uncertainties. In spring 2021, the Indian authorities thought-about
banning Bitcoin and cryptocurrencies.
As an instructional advisor to India’s blockchain initiative since 2019, Shivendu had a
hand in encouraging authorities leaders to take a measured strategy and to control,
not ban cryptocurrency.
“Every thing is a mixture of good and dangerous,” Shivendu defined. “So don’t throw the newborn
out with the bathwater! Should you ban it, then you definitely not solely cease the dangerous issues, however
you additionally cease the great issues. It’s all about steadiness. You regulate it thoughtfully
in order that the dangerous issues may be stopped, however the good issues can nonetheless occur.”
When Shivendu just isn’t researching methods to make use of blockchain expertise to resolve on a regular basis
issues, or advising governments on the benefits of blockchain and cryptocurrency,
he’s taking a giant image take a look at the financial well being of the Tampa Bay area.
STATE OF THE REGION
He helped craft USF’s Economic Impact Report, which decided that the college generates an annual $6.02 billion. He’s additionally
the co-organizer of the annual “State of the Area” convention, an occasion that attracts
enterprise, authorities, and nonprofit leaders collectively to find out how the Tampa Bay area
compares to different metropolitan areas in key financial areas, equivalent to unemployment and
earnings inequality, innovation, and public well being.
This 12 months’s occasion takes a broader view by together with healthcare, innovation and entrepreneurship,
training, and the affect of Covid-19 on the Tampa Bay area.
“This 12 months could be very totally different,” he stated. “For the primary time, we’re including noneconomic
components. This 12 months we now have included a whole lot of healthcare indicators. What are the issues
that Tampa Bay wants to alter to get higher outcomes?”
Shivendu is an affiliate professor of data programs within the College of Info
Programs and Administration. He has created and taught undergraduate, MBA, grasp’s and
doctoral programs in areas associated to economics of data programs, enterprise analytics,
econometrics, blockchain expertise, IT technique and the design of data programs.
He earned a PhD and grasp’s diploma in economics from the College of Southern California.