Sponsor: IEEE OC Section
Speaker: Farhad Mafie of Handycash & Savant Company Inc.
Meeting Date: March 23, 2021
Over the past several decades, retail segment, banks, FinTechs, government organizations, and other financial institutions have been working diligently on developing a financial world that allows for all financial transactions to take place without using cash (i.e., cashless) –i.e., by using debit and credit cards to contactless cards and now utilizing digital wallets.
Blockchain has been identified and being used as the core technology for the global cashless transformation.
This global transformation has been given a significant boost by the COVID-19 related challenges, but while people globally scrambling for less physical contact (contactless) in their day-to-day transactions, they may well be overlooking more fundamental flaws and complex challenges of a completely cashless society. In this talk, we will address the pros and cons of going completely cashless, Blockchain role as the core technology, status of going cashless in various counties and who is leading (and why) as well as political economic implications and challenges of a cashless world.
Bio: Farhad Mafie, President and CEO of Savant Company Inc., has over 30 years of experience in high-tech industries including semiconductor, computer businesses and embedded systems; additionally, he has more than 15 years of teaching experience. In 2017, he became the CEO of Handycash Inc., a newly formed startup in Switzerland, developing an innovative mobile eCash & payment system based on Blockchain technology that will be officially launched in 2021. As Vice President of Worldwide Product Marketing for Microsemi, Farhad worked directly with executive team on M&A projects and successfully integrating over 22 acquired companies. Farhad is also the former Vice President of Marketing/Business Development and Technical Sales Engineering at Toshiba. He had strategic marketing and engineering roles at AT&T Microelectronics/Lucent Technologies, Unisys, Ocean Scientific, and MSI Data. He has a Master of Science and a Bachelor of Science degree in Electronic Engineering from California State University, Fullerton. In 2003, Farhad designed, developed, and launched the annual Internationals System-on-Chip (SoC) Conference, Exhibits, and Workshops http://www.socconference.com. In 2019, Blockchain Technology Summit was launched to bring the latest blockchain-related technologies, applications and startups in an exciting and educational Summit for worldwide audience http://www.blockchaintechnologysummit.com.