Leading Indian private bank ICICI’s blockchain expert Raj Chowdhury has quit the bank to join HashCash Consultants, a blockchain startup headquartered in California with offices in Mumbai and Kolkata, as Managing Director.
Chowdhury was the brain behind ICICI bank’s effort to execute trade finance and remittance using blockchain technology last year. He was also the first to take a blockchain payment wallet to production for the bank, the official release said.
According to sources, Chowdhury is on the board of Stellar Development Foundation and works closely with Ethereum Foundation to establish standards in this area. He is currently counseling the Union of Arab banks and is expected to address the GITEX session on blockchain and banking to be held on 10 October 2017 in World Trade Center, Dubai where 25 GCC region banks are likely to participate.
HashCash Executive Board correspondent said that Chowdhury will prioritize in managing and growing the company’s partnerships in Gulf, Singapore, and India among various other functions.
“We are bringing in a Managing Director and a well-known blockchain technologist at a time when our blockchain remittance product HC Remit has gained high traction among the Middle Eastern, Indian, Malaysian and Philippine remittance corridors. Raj’s experience in the intersection of Blockchain and Banking will be of tremendous value to us”, said Eashwer Kollata, a member of the Board at HashCash, in a statement.
Founded in 2015, HashCash Consultants builds banking products that integrate with blockchain platforms such as Stellar, Ethereum, Corda, Fabric, and Sawtooth Lake. Last month, it became a member of Enterprise Ethereum Alliance (EEA), an enterprise collaboration focused on Ethereum blockchain technology formed earlier this year.
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