Blockchain for Financial Institutions Course

On demand: Groups of 8 or more

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.

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.

More Information
  • Price: R1,500.00 (incl. VAT) per person
  • 09:00am – 14:30pm
  • Refreshments and a light lunch will be provided
  • The training can be hosted at our clients offices at our facilities in Cape Town and Johannesburg or online
  • Blockchain Academy Certificate of Completion
  • No prior knowledge of digital currencies & blockchain required

3 + 3 =

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)

  • Corda
  • Chain
  • Hyperledger Project
  • Ripple
  • Quorum

Module 6: Use Cases of Blockchain Technology and Cryptocurrencies

  • Cryptocurrency and financial inclusion
  • Trade finance
  • Capital markets
  • Identity
  • 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