Blockchain for Financial Institutions Course
The Blockchain for Financial Institutions course provides an insight into the differences between permissioned and permissionless blockchains and where the value of each lies for the user and organisations. The course discusses alternatives to the bitcoin blockchain such as Ripple, Hyperledger, Ethereum, Chain, JP Quorum and Distributed Ledger Technology (DLT) such as R3’s, Corda. The course provides an overview on what financial institutions are currently doing with blockchain technology, what partnerships they are forming and what the possible use cases for financial institutions are.
Trusted intermediaries are necessary to facilitate payment transactions and as transactions have become more complex, so has the importance of intermediaries in the payments world. Blockchain technology is challenging traditional players and forcing them to re-examine their role in the payment ecosystem as the threat of disintermediation in the financial industry is both real and imminent.
Distributed ledgers, or blockchains, have the potential to significantly impact business models, reductions in risk and savings of cost and capital.
Module 1: An Overview of Bitcoin and Blockchain Technology
- A basic history of money
- Digital money, ledgers and trusted third parties
- Basics of cryptography: hashes and digital signatures
- Decentralised, peer to peer systems and the problem of consensus (Byzantine General’s problem)
- Blockchain, mining and Proof of Work (PoW)
Module 2: Smart Contracts
- Bitcoin smart contracts
- Ethereum smart contracts
- Tokens and other digital assets
Module 3: Alternate Consensus Mechanisms
Module 4: Permissioned vs. Permissionless Consensus
Module 5: An Overview of Permissioned Blockchains and Distributed Ledger Technology (DLT)
- Hyperledger Project
Module 6: Use Cases of Blockchain Technology and Cryptocurrencies
- Cryptocurrency and financial inclusion
- Trade finance
- Capital markets
- Intellectual Property (IP)
- Misconceptions of blockchain and Distributed Ledger Technology (DLT) use-cases
Module 7: Initial Coin Offerings (ICOs)/Initial Token Offerings (ITOs) and Other Forms of Fund Raising
- An overview of the landscape
- What’s happening in the regulation space
- Moving beyond the wild west
Module 8: Regulation
- Know-Your-Customer (KYC) and Anti-Money Laundering (AML)
- Central bank driven blockchains and cryptocurrencies
- Tax implications of cryptocurrencies
- Self regulatory bodies
- Examples of various approaches taken by regulators globally
Module 9: Looking Into the Future
- The innovator’s dilemma: incumbents and disruption
Each student will receive a light lunch, refreshments, a notepad and pen and a Certificate of Completion.
Terms and Conditions:
No refunds or postponements are given to attendees who do not attend the course.
The Blockchain Academy will not be held liable for any damage to property, or for lost or stolen items.
The Blockchain Academy reserves the right to cancel classes at any time prior to their commencement. If a class is cancelled, attendees will be advised by sms and email no later than two days prior to its scheduled commencement date and a full refund given back to you.
If you wish to cancel the training, you must provide us with written notification.
NO REFUNDS or transfers will be granted less than 10 days before class commencement if enrollment has been confirmed.
We accept bitcoin! Contact us at [email protected] if you would like to make payment for this course in bitcoin.