The Blockchain is Coming to Banking

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.
  • Blockchain Security Breaches: Strength, Positive Conclusion.
  • Private Keys, Tokenization, Two Factor Authentication: Protecting the Wallet.
  • Group Exercise: The Security Debate

Day Two: FROM PRIVACY TO ADOPTION

09.00 - 09.30 Refreshing Day One and Warmup

09.30 - 10.45 Privacy versus Blockchain

  • Private vs Public vs Permissioned: The three key types of Blockchain.
  • AML, KYC, CTF: Is Blockchain compliant as of now? When will it be?
  • Privacy: Zero Knowledge Proof, consensual validation, fault tolerance, pseudonymity.
  • Real Time Data for Regulators: Blessing or Curse? Cross-border regulatory patchwork.
  • The Deep Web: What it is? How to access? Dangers and advantages.
  • Regulatory Status vs Cultural Adoption: How countries react?
  • Group Exercise: Watching and discussing two key Blockchain-related videos

11.00 - 12.00 Blockchain Beyond Banking

  • Trade: Supply chain management. Real Estate: Registry in practice.
  • FMCG: Wal-Mart, Relationship between Brands and Customers.
  • Insurance, P2P Economy: Financial services beyond banking.
  • Governments: Records, Identity, Voting, Taxes, Legislation, E-Gov, Notary.
  • Cross-Industry Blockchain: Trade-Finance, Derivatives, Securities-Clearing, Syndicated Loans.
  • 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.

15.00 - 17.00 Summary

  • Concepts
  • Tools
  • Trends
  • 'To-Do's
  • Resources

Evaluation and Termination of the Seminar

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