Blockchain and the Future of Finance – Part II

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Recommended that you register at least two weeks in advance.

Course Features

  • Course date:03/19/2020
  • Course Duration: 1 Day
  • Level: Intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual

Blockchain and the Future of Finance – Part II

Many enterprises are currently in the process of experimenting with blockchain technology or considering its applicability to their businesses. We can find examples almost in any industry: Big Pharma such as Pfizer and Merck are experimenting with blockchain pilot projects to alleviate supply chain and counterfeit problems; State Farm one of the largest insurance companies in the US is expected to launch its blockchain solution to handle claims processing by  end of 2019; Luxury brand conglomerate LVMH, owner of the iconic Louis Vuitton label, is preparing to launch a blockchain for proving the authenticity of high-priced goods; and in the financial industry, JP Morgan built its own blockchain, Quorum, which is a private version of the public blockchain, Ethereum, and as of late also launched its own stablecoin, JPM Coin.

Big tech companies are investing heavily in blockchain. Both IBM and Microsoft have built their own blockchain and are offering blockchain services to businesses. Both have created consortiums to explore blockchain solutions in supply chain, data processing and data protection. Microsoft presented, last May, its prototype blockchain solution, aiming at empowering users to own and control their own data. With Amazon launching in May 2019, their Blockchain as a service (BaaS) solution platform and Facebook gearing up with intention to launch its cryptocurrency, Libra, it seems that all “big players” in the global economy are very active participants in the new blockchain economy, and no one is willing to take a chance on missing out on this opportunity.

Businesses don’t necessarily have to develop their own blockchain, they could join one (of many) blockchain consortiums such as R3 or IBM or Microsoft or IIN or GBBC and the list goes one.  All of them are global and are aimed on providing cross-border, blockchain solutions for businesses.

Blockchain technology is most definitely here to stay, and it will affect any industry and business as we know it today!

Who should attend:

Bankers; financial analysts; compliance professionals; investment advisors and consultants; portfolio managers; traders; private equity; asset management; risk management; hedge fund managers and associates; investors; compliance professionals and regulators; and anyone wishing to further their understanding on blockchain technology and how it is going the change financial markets and business as we know it today.

Agenda

Agenda is subject to change. Blockchain and cryptocurrencies space is very dynamic and evolving rapidly. Therefore, agenda will be updated as things evolve to make sure that the course encompasses the most updated state of what is happening in this space. Course is interactive, incorporating and encouraging Q&A as we go over the different topics. The case studies stated below are only a few examples of case studies. We will cover as many case studies as time permits.

We will cover in this course, the following, but not limited to:

  • Types of blockchains:
    • Payments
    • Protocols
    • Application (i.e., service)
  • SEC view on blockchain and cryptocurrency
    • Views on bitcoin and ICO’s
    • Case study: The Howey test – how it is applied in the blockchain space
      • Statement on “Framework for ‘Investment Contract’ Analysis of Digital Assets” – April 2019
    • Case study: Turnkey Jet – No Action Letter (April 2019)
  • Legal status of blockchain and cryptocurrency globally
    • Survey on how different countries approach blockchain and cryptocurrency
    • Case study: China
    • Case study: Switzerland
  • What are smart contracts?
    • Hype versus the risks
    • What are oracles?
    • Case study: Dai – example on how things can go wrong
  • Blockchain business consortium:
    • What is a blockchain consortium?
    • Should a business join a consortium? – pros and cons
    • Examples of consortiums:
      • Corda – R3
        • Case study: HSBC
        • Case study: Marco Polo Network
      • IBM
        • Case study: Cross border solution – World Wire
      • Microsoft – blockchain solutions via Azure
      • Quorum (JP Morgan)
        • Case study: Interbank Information Network (IIN) –JP Morgan initiative growing to an ecosystem of 237 banks globally
      • MUFG
        • Case study: Security Token Research Consortium
  • Clearing and settlement
    • What are the problems?
    • How could blockchain technology assist?
    • Case study: Bank of New York Melon
    • Case study: Deutsche bank
  • Proxy voting
    • What are the problems?
    • How could blockchain technology assist?
    • Case study: Broadridge – from pilot to execution
  • Payments
    • Using cryptocurrency for payments
      • Case study: Square
      • Case study: Bitcoin Suisse and Worldline partnership
      • Problems using cryptocurrency for payments
    • Stablecoins addressing cryptocurrency volatility
      • What are stablecoins?
      • Type of stablecoins
      • Are all stablecoins “stable”?
      • Payments with stablecoins
        • Case study: Circle coin (USDC)
      • Case study: Is Libra a stablecoin?
      • Legal issues related to stablecoins and proposed regulations (US and globally)
    • Cross border payments
      • Problems with cross border payments and how could blockchain technology assist
      • Case study: Mastercard and Visa
    • Could blockchain handle payments transactions?
      • Scalability versus security versus privacy
  • Other blockchain applications – US and globally:
    • Supply chain
      • Case study: Commonwealth Australian bank
    • Insurance:
      • Case study: State Farm
      • Case study: Kyobo Life, South Korean government-backed insurance operator
    • Brand authenticity:
    • Case study: LVMH using Quorum

 

If you’d like to read articles by Merav Ozair, PhD, please click at the following:

 Stabelcoins, Are They Coins or Security Tokens?

Can Libra Ever Succeed?  

Would Regulation Stifle or Transform Innovation?  

Bitcoin is not a Safe Haven, Yet.

The Stablecoin Race is On

 

Instructor

  • Merav Ozair, PhD is a data scientist, a quant strategist and a Crypto/Blockchain expert. She has more than 12 years of business and consulting experience. She has in-depth knowledge and experience in global financial markets and its market microstructure. Currently, Dr. Ozair applies her unique expertise to investigating the blockchain ecosystem, digital assets, and crypto markets. …
    Continue reading Merav Ozair, PhD