Meet Arun Prasad, the CEO of Money Convey, a technology platform providing blockchain solutions for institutional and individual clients to meet their financial demands and provide new opportunities to maximize their potential. Money Convey is the Oracle Corporation for Web 3. It offers businesses access to its scalable, privacy-enabled layer 1 blockchain network. The blockchain network’s value proposition lies in its architecture, which enables customization, scalability, and flexibility to deploy low-cost privacy-focussed blockchain applications.
Money Convey’s blockchain infrastructure is designed to help institutions utilize their data most efficiently. It also helps to communicate quickly, solve interoperability problems, and manage digital identity.
The Farsighted Leader
As the organization’s CEO, Arun brings his technical expertise to the table, enabling businesses to operate efficiently and validate data for their process movement. Arun completed his Master’s degree from New York University in Industrial Engineering. During his time at NYU, he served as the president of the Tandon Consulting Club, which incubates students for consulting roles. As the club’s President, Arun organized several corporate events and seminars, which kept him closer to students.
Before pursuing his Master’s degree, Arun managed Priyaa Groups, his family’s apparel business in India, which grew 10x and expanded to multiple new locations under his leadership. Now, as a New Yorker, Arun has his eyes set on helping institutional and individual clients with blockchain technology and founded Money Convey in 2022 to do that.
“My grandmother had Diabetes, and I have seen her go through various treatments all my years growing up. The issue is that the body learns to adapt to the medicines, and in conditions like Diabetes, the number of organs failing increases over time,”- Arun said. “Therefore, physicians need to work on new techniques and technology that could not solve a growing problem. That led me to a quest to find a better technique that could accommodate growing technology to solve new problems. Blockchain was the solution for the quest.”
When the Pandemic Presented an Opportunity
Arun came to the U.S. during the pandemic in September 2020. While the pandemic was terrible for most, it gave him a level playing field. “The Pandemic gave the opportunity for people to explore more technology and learn more about blockchain. The awareness towards the technology we offer has grown exponentially throughout the pandemic.”– He said.
Online networking helped Arun as an entrepreneur as it allowed him to talk to experts through virtual meetups, which would not be possible in person. The pandemic also resulted in massive investments in the healthcare system, giving rise to startups that need Money Convey’s technology. Presently the organization is working with several startups focused on providing a better solution for their users and helping them achieve groundbreaking solutions through its blockchain technology.
“I consider my team as my greatest achievement; building a team based completely out of New York and talent coming from prestigious universities is something that I feel is an achievement.”– Arun stated.
The X Factor
Money Convey’s business works on network effects. With one client, it can engage with other clients of theirs. Moreover, as the company focuses on data management, its network effect will be stronger due to the overall increase in data usage since the pandemic.
Though a startup, Money Convey maintains the standards of an established company in anything it does. The organization spends a lot of its resources on R&D, supporting and customizing tailor-made solutions for its clients. It has built an architecture that serves the needs of enterprises. Lastly, it has a strong management team with prior experience building and managing companies.
Eyeing the Future
Being the founder of Money Convey, Arun is still working on developing the technology that helps businesses grow and thrive without long waiting times and errors while ensuring better security, accessibility, interoperability, and traceability. Under Arun’s leadership, Money Convey aspires to design a blockchain network that is deliberately cultivated so that these networks can forge connections across platforms, spread information, and spark collaborative actions. As a result, the organization can address sprawling issues in ways that none can accomplish.