Blockchain for Financial Markets: Technology and Business Applications

London Financial Studies
En London (Inglaterra) yNew York (Estados Unidos), Singapore (Singapur)
  • London Financial Studies

3001-4000 €

Great tutor and excellent course.

LA OPINIÓN DE VP

Información importante

Tipología Short course
Inicio En 3 sedes
Duración 2 Days
Inicio clases 12/10/2017
otras fechas
Descripción

Get past all the hype around blockchains and gain a definitive understanding of the current state, as well as realistic expectations, of this technology. Learn how distributed ledgers can be used to improve the security and accuracy of financial transactions and derivatives contracts.

Explore business cases for the application of distributed ledgers in the banking industry and how this can be affected by existing and planned regulations across the world.

Workshops include examples of the blockchain logic in Excel and its current applications; as well as new tools that have already been developed by existing participants and new entrants in the market.

Why not ask for information and find out if this course is accurately designed for you? An assessor will get in touch with you and solve all your doubts.

This course is also available remotely via LFS Live.

Información importante
¿Qué objetivos tiene esta formación?

¿Esta formación es para mí?

Quants / Financial Engineers
System developers
Risk Managers
Strategists, Researchers
Settlement and Back-office IT

Requisitos: It is assumed that participants have a familiarity with Microsoft Excel and a basic understanding of financial transactions and derivatives.

Instalaciones y fechas

Dónde se imparte y en qué fechas

Inicio Ubicación
07 diciembre 2017
London
34 Curlew Street, se12nd, London, Inglaterra
Ver mapa
12 octubre 2017
New York
New York, Estados Unidos
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A elegir
Singapore
The Finexis Building, Singapore, Singapur
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Inicio 07 diciembre 2017
Ubicación
London
34 Curlew Street, se12nd, London, Inglaterra
Ver mapa
Inicio 12 octubre 2017
Ubicación
New York
New York, Estados Unidos
Ver mapa
Inicio A elegir
Ubicación
Singapore
The Finexis Building, Singapore, Singapur
Ver mapa

Opiniones

S
Smee Sheikh .
11/11/2016
Lo mejor The course was beyond my initial ideas, excellent content, full of examples, got a high mark for me!

A mejorar Everything was fine.

Curso realizado: Noviembre 2016 | ¿Recomendarías este centro?
V
VP
26/10/2016
Lo mejor Great tutor and excellent course.

A mejorar N/A.

Curso realizado: Octubre 2016 | ¿Recomendarías este centro?
M
Market and Liquidity Risk
26/10/2016
Lo mejor It was a very useful and good course.

A mejorar Everything was positive.

Curso realizado: Octubre 2016 | ¿Recomendarías este centro?

¿Qué aprendes en este curso?

Risk
Contracts
Transactions
Market
Logic
Banking
Financial
Technology
IT risk
Financial Training
Regulations
Derivatives
Cryptography
DVA
Blockchains
Ledger Technology
Pseudonimity
Byzantine
SGX
CVA
FVA
SIMM

Temario

Day OneUnderstanding the Blockchain

The foundations.

  • Cryptography: symmetric and asymmetric, hashing, digital signature
  • State Machine Replication: fault-tolerance, single points of failure, determinism, transition function
  • Distributed Databases: replication vs. duplication, homogeneity vs. heterogeneity
  • Game theory and the Byzantine General Problem
The Bitcoin Network

Understand and analyze Bitcoin with practical examples.

  • Wallets: pseudonimity, multisig, security
  • Transactions: signatures, scripts, fees, double spending
  • Blockchain: Consensus Protocol, UTXO (Unspent Transaction Amount), Blocks
  • How Proof-of-work works in practice. The business of Miners
  • Trading Bitcoins. The business of Exchanges
All Tech Around Bitcoins

A look at the technology that is developing around the Blockchain, how to overcome Bitcoin problems, and how to apply these solutions in a range of different contexts.

  • Oracles: how to move data securely. The Oraclize vs. Shelling Point Examples. The role of data providers
  • Trusted computing. Can we sign contracts with computers? A technology that can link Blockchain with the cloud. From TLS to SGX
  • Making Blockchains Efficient, Multi-purpose and Confidential. The Blocksize debate. Sidechains, Payment Channels and the Lightning Network. Hint at homomorphic encryption
  • Cybersecurity. The risks and the solutions
From Current Fiat to Future Digital Money

How standard money works. A look at BoE practices and how it can become digital.

  • The Biticoin business model. Currency? Digital Gold? Digitalized Energy?
  • Understanding money today. Money creation by Bank of England, RTGS (real-time gross settlement), Cross-border payments
  • The most promising Digital Versions of Fiat Currency. Pound and Canadian dollar experiments. Settlement coin
  • The Ripple business model for exchanging bank digital money
Smart Contracts

The most promising revolution for financial services. Self-enforcing agreements.

  • The Smart Contract Concept
  • Szabo First Contract and Ricardian Contract
  • The legal side of smart contracts
  • The Ethereum smart contract as a Robot counterparty controlled by Solidity code
The Ethereum Platform
  • The Protocol, the Virtual Machine and the Wallet Architecture
  • The Dapps and The Daos
  • An analysis of the infamous DAO case and Hard Fork to understand strengths and weaknesses of Ethereum
Day TwoThe Private Blockchains

Current proposals for private blockchains. A look at the technical features that distinguish them.

  • Corda: the banks’ consortium proposals for a network of bilateral financial smart contracts
  • Fabric: the Hyperledger and IBM proposal for large use and interoperability
  • Private Ethereum Blockchains and what banks are doing there
Initial Coin Offerings

The new opportunities/hype: ICOs are crunching billions of funding for startups.

  • The natural next step after permissionless money: permissionless securities
  • How to make a crypto fund. How to diversify: cryptos, apps and in startups. The mixed proposal of ICOs
  • The slippery legal foundations and the original idea: give property rights through technology and not through legal enforcement
  • How tokens are issued. The types of tokens, the legal aspects and the selling strategies
  • Analyzing famous ICOs in details: from Ethereum to Tezos via Gnosis, Bancor, Parity… The Good, the Bad and the Ugly
Advanced Financial Products on Blockchain

Investigate the first financial use cases.

  • Stock and bond issuances on the blockchain. What we are already seeing
  • Use cases analyzed: Repos and Trade Finances
  • How to make a top-class derivative in Bitcoin, Ethereum and in a private state channel
  • A practical Ethereum example of a self-managed collateralized derivative via smart contract, multisig wallets and a cloud/oracle solution
Market, Credit, Dispute and Operational Risk on Blockchain

What are the current pain points in the regulated financial system, and which solutions private and public blockchains can actually bring?

  • The current weaknesses: reconciliation costs, settlement delay, herstatt risk and collateral inefficiency
  • The consequences in terms of capital, costs and open risks
  • Consensus algorithm to reduce reconciliation. Blockchain for instantaneous settlement. Atomic (Delivery vs. Payment) transactions
  • Smart contracts to manage collateral and avoid default procedures
Financial Infrastructure Case Study

A current, crucial financial practice example of Blockchain redesign.

  • Central Counterparties and the other Financial Infrastructures
  • How they work. What are the strengths, weaknesses and regulatory pain points?
  • Blockchain to improve services
  • An exercise in designing decentralized management of central services via Blockchain and smart contracts
Legal and Regulation

Regulators, Accountants and the Legal Systems are far from finding a framework for Blockchain - but they are following the evolution closely.

  • How different jurisdictions are treating cryptocurrencies
  • The opinions of regulatory bodies worldwide
  • The few existing regulations in US, Singapore, etc.
  • How we can (can we?) regulate self-regulating networks. Public and private Blockchains
Este curso está en español. Traducir al inglés