The Blockchain and Financial Services - Agilis

The Blockchain and Financial Services


Description

The Blockchain can be a deadly threat or an incredible opportunity for the financial services sector. If you are in a business managing transactions, you might be disintermediated by the Blockchain; at the same time the same technology affords great reduction of costs and friction of all operations. This short course will give you enough insight to understand both sides of the coin, and be prepared to develop your own strategy for dealing with the Blockchain. ‘The Blockchain and Financial Services’ is Module 2 of a three module course. Sign up for either separate modules or register for all three. A discount is available for booking the complete course in advance.

Syllabus

Module 1: Overview of What is the Blockchain? (i.e. summary of Module 1)
  • Distributed Ledger
  • Storage of transactions
  • Time stamping
  • Consensus
  • Peer-to-peer transfer of value and disintermediation
Module 2: Why the Blockchain is a Disruptive Threat to Financial Services
  • Attestation
  • Cost SavingsSpeed
  • Risk Management
  • Value Innovation
  • Technology Innovation
Module 3: Impact of the Blockchain on Eight Core Functions of Financial Services
  • Authentication of Identity and of value
  • Transferring Value
  • Storing Value
  • Lending Value
  • Exchanging Value
  • Funding and Investing
  • Insuring Value
  • Accounting of Value
Module 4: Centralized vs Decentralized Blockchains
  • Decentralized: Permissionless and public Blockchains
  • Examples of Decentralized Blockchains: Thereum; Hyperledger
  • Centralized: Permissioned and private Blockchains
  • Examples of Centralized Blockchains: Ripple; Corda
  • Strategies for Financial Services
  • Accelerator/ Incubator Programs
  • Set up a Venture Fund to invest in Blockchain companies
  • Partner with Blockchain companies
  • Acquire Startups
  • Launch your own Blockchain Subsidiary
  • Create an Industry Consortium
  • Do Nothing
Module 5: Industry Consortia
  • Hyperledger Project
  • R3
Module 6: Blockchain Challenges and Opportunities
  • Cost/benefit
  • Cost mutualisation
  • Aligning incentives
  • Evolving standards
  • Scalability
  • Governance
  • Regulation
  • Legal risks
  • Security
  • Simplicity

Learning Outcomes

Attending this course will provide participants with an understanding of how the blockchain impacts the fincancial sector. It will help participants to prepare a strategy for dealing with the blockchain in their organisation using practical examples and use cases in a number of business sectors.

Participants and Requirements

Some of the many sectors suitable for blockchain awareness include bankers and investment; executive/non-executive directors for MFSA entities; corporate service providers; financial/tax advisors; audit and accounting; compliance; investors and shareholders; brokers and financial market operators; financial authorities representatives and public service officers; journalists.

Certificate

Certificate of attendance

Course Duration

3 hours

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