Guest lecture Bal Krishna Joshi

Saurav Timilsina
Roll no: 21339

Bal Krishna Joshi is a tech entrepreneur with over 20 years of experience in the FinTech industry. He was
instrumental in the creation of a democratic digital environment that allows individuals at the bottom of
the pyramid to access cross-border digital banking. His greatest accomplishment to date has been the
development of a system that eliminates the barrier to entry for non-licensed organizations to provide
hyper-local digital remittance services. It goes against Western Union's 1872 business model, which
allowed only licensed firms to recruit clients. He is also renowned as the world's most well-known,
"Internet goat" vendor. He launched an e-commerce firm in 2001 that offered live goats to Nepalese
migrant laborers in other countries. They might send goats as a present to their Nepalese family through
the site. This goat business grew into a global FinTech firm.

Discoveries by which he has on boarded innovation in his companies

1. Human desire for a better life does not evolve but how those needs are acquired and delivered.
2. Shared economy platform is the way forward. Concept based identified at UBERIZATION.
3. Value chain is modular
4. Do not start your business without a data strategy.

Create innovation business models where there is the process of reinvesting how an organization
creates products/ services and then delivers these to the market to generate revenues and profit. There
are some core ways to innovate the business model. We have activities first what sort of activities do we
offer to the customer? Next is processing where how processing of the value proposition is created.
Finally, we have fulfillment from which we earn profit out of it. The main idea for this business model is
that the digital economy is going to be changed in the upcoming years. His company MACHNET, XUNO
have followed the business model to move forward in the digital remittance company with cross-border
payment and banking products.

Critically analyze his presentation we can see how digital economy is being restructured so each function
within a value chain as one module. Therefore if we want to focus and provide the entire solution to a
prove a problem we have to look at the problem, looking at the challenge that probably not going to get
something so the way to move forward is to focus. Ultimately its about increasing the success of an
organization with existing products and technologies by crafting a compelling value proposition able to
propel a new business model to scale up customers and create a lasting competitive advantage.
Guest lecture Bal Krishna Joshi

Saurav Timilsina
Roll no: 21339