The Blockchain is Coming to Banking
Location: Prague, NH Hotel Prague
Lecturer: David Gyori
Attend this intensive 2-day training and learn how:
Blockchain was born
Central counterparty clearing differs from non-central counterparty clearing
Interbank and Intrabank Blockchain use-cases differ
Current global leading Blockchain-projects evolve
Blockchain partially fulfils a higher security standard
Privacy issues surround Blockchain and why regulators are ambivalent about it
Blockchain has evolved and will further evolve beyond financial services
Your bank can benefit from Blockchain and build a winning Blockchain strategy
This intensive 2 day training program prepares participants for the ongoing paradigmatic change in banking: The rise of the Blockchain technology. On the first day we examine the concept of Blockchain and explore the most important international banking projects related to this new phenomenon. Through understanding the bigger picture - FinTech revolution, the rise of ICT in banking - we address security concerns. On the second day we begin by a detailed analysis of privacy issues related to the distributed ledger. We continue by looking at cross-industry use-cases and arrive to the key question: how to make Blockchain useful in your bank? We answer this key question from several aspects: Timing, Lobbying, Clientele, Tactics, Strategies and more.
What is the goal of this training?
The goal of the training is to make sure that your bank understands Bockchain and can act with the right confidence and market-timing. It is very important to avoid shiny, popular, but meaningless buzzes - there are many related to Blockchain - yet, it is beneficial to see how - gradually - this technology will really shift the paradigms of databases, clearing, ledgers and beyond.
Who should attend?
IT Experts, Cyber Security Experts
Digital Banking, Digital Channel Experts
Payments and Cards Experts
Legal Experts, Compliance Experts
Innovations Experts, Technology Experts
This training consists of classroom based teaching combined with interactive group exercises, as well as the introduction of specific case studies.
Day One: FROM CONCEPT TO SECURITY
09.00 - 09.30 Welcome, Introduction and Warmup
09.30 - 10.45 The Concept of Blockchain
Bitcoin: What is Bitcoin and how was Blockchain born? How does 'mining' work?
Blockchain in IT: Metcalf's Law and Moore's Law.
Clearing and Accounting: The 'Distributed Ledger'.
Central Counterparty Clearing: The current concept.
Non Central Counterparty Clearing: The future solution.
Intrabank-Blockchain: The end of EXCEL? Smart Contracts?
Interbank-Blockchain: The future of SWIFT. The story of Smart Asset Grid.
11.00 - 12.00 Current Blockchain Projects
R3 Alliance: The new global interbank clearing system?
Ripple Labs: Are all financial assets equal? Money vs Securities.
Blythe Masters: Financial innovation at its best? Next step?
Swiss Efforts: The Swiss Blockchain cluster. Key elements.
Hyperledger by IBM and Linux Foundation; cross-industry protocols.
Central Banks: Which central banks and why do tap into this?
Group Exercise: Which Is Faster - New or Old Clearing
12.00 - 13.00 Lunch
13.00 - 14.45 The Bigger Picture
ICT is GPT: Why Info-Communication is General Purpose Tech?
The Presence of Digital Currencies: BitCoin, Ethereum and beyond.
The Future of Digital Currencies: Monetary history projected.
How 'crypto' Works: Coins and Technologies, ICO, ABC.
Banking Innovation Strategies: 3 Types of Innovation; Ambidextrous Organization; TRIZ.
Understanding the FinTech Revolution: 30 Areas, 15 000 startups.
Group Exercise: Evaluating and Categorizing Blockchain Startups
15.00 - 17.00 Security versus Blockchain
Security in the Old System: Recent Famous Breaches.
Security Advantages of Blockchain: Process integrity and beyond.
Security Disadvantages of Blockchain: New Cyber security concerns.
BitCoin Security: The nature of breaches, recent cases.
Emerging Payments beyond the Blockchain: Card Emulation, Super-Wallets, VR Pay.
Group Exercise: Blockchain use-case-hierarchy
12.00 - 13.00 Lunch
13.00 - 14.45 What Your Bank Shall Do About Blockchain?
The Time Scale: 1 Year Events, 3 Year Implications, 5 to 10 Year Shifts
Lobbying: What to tell colleagues, bosses, shareholders and regulators?
The Red Queen Effect: What happens if your bank gets Blockchain right?
Millennials: Do new clients accept new technologies better? Why?
GAFA: Why are US tech giants cautious about Blockchain?
Tactics and Strategies for Your Bank: Association to International Labs, Participation in alliances, Bank-agnostic Blockchain projects, Awards, Prizes, Competitions, Hackathons, Venture Capital and beyond.
The 4Ps of Digital Product Development: Pretotyping, Prototyping, Piloting, PoC.