EXCLUSIVE: Hossein Kakavand (pictured), co-founder and chief executive officer at Luther Systems, will discuss how blockchain technology and smart contracts can impact on employee benefits, pay and pensions at Employee Benefits Live 2017.
The session, titled ‘How will next generation technologies evolve approaches to benefits with the future workplace?’, will form part of the benefits technology conference stream on Wednesday 11 October.
During the session, Kakavand will explain how delegates can embrace disruptive new technologies, such as blockchain technology and smart contracts, to create opportunities around the delivery and storage of information regarding employee benefits, wages and retirement packages.
Kakavand will highlight what these new technologies are and how they can be utilised within the employee benefits industry, for example, how blockchain technology can be used as a medium of exchange or to automate processes, as well as its role in cash management. He will also explore how blockchain technology can contribute to the gig economy and discuss how it could influence data sharing and protection.
He will further distinguish the differences between technologies, for example, clarifying that blockchain technology is for processing and storing information while artificial intelligence is used for analytic purposes.
Kakavand said: “Technology in general [is] affecting many different areas and many different industries are warming up to the idea that they need to make the changes otherwise there might be disruptive forces that will just leave them behind. A lot of [organisations] have quite aggressively gone after new technologies; importing new technologies, bringing new technologies into the [organisation], and breaking it up with their existing systems or replacing some of their systems and so on. And [the] employee benefits space in general should be no exception.”
Employee Benefits Live 2017 will take place on Tuesday 10 and Wednesday 11 October at Olympia National, London.