Blockchain for Financial Markets
Shared ledgers, like blockchain, commoditize trust and revolutionize the way transactions will be performed. In 2015, The World Economic Forum (WEF) forecasted that 10% of the global gross domestic product (GDP) is likely to be stored on the blockchain by 2027. This statement is becoming increasingly realistic now that central banks across the world are developing their own digital currencies.
In this course, we introduce the working of different blockchains, their tokens and smart-contracts, and how these can be used to build new applications offering an enormous potential across industries. In particular we will look into how they attempt to build the foundation for a new financial system managed by open-source and decentralized protocols, often referred to as "Decentralized Finance". Leaving no stones unturned, this course will also cover the strategies and latest developments of central banks to bring their own digital currency on the market.
Now, more than ever, organizations need to understand the potential of blockchain technology and how it might affect their competitive landscape. This course goes deeply into the working of blockchains, helps you navigate through the use-cases for your industry, and sheds light on the regulatory, business and implementation aspects of blockchain.
Recommend to a Colleague- Date:
- Please contact us
- Venue:
- Cliftons Singapore - The Finexis Building
- Fee:
This course is also available in London Time Zone and New York Time Zone
This course is FTS-Eligible* and also eligible for CPD hours. GARP & CFA Institute members are eligible for CE/CPD credits. See details
- Quants / financial engineers
- Risk managers
- Strategists and researchers
- Operations and Technology
Delegates will learn about
- Different types of blockchain and their applications
- Consensus mechanisms
- Wallets and Exchanges
- Tokens
- Smart Contracts
- Oracles
- Decentralised Finance (DeFi)
- Identity Management
- Basic understanding of financial transactions and derivatives
- Familiarity with Microsoft Excel
*FTS Eligible
This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is
eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does
this represent an endorsement of the quality of the training provider and programme. Participants are
advised to assess the suitability of the programme and its relevance to participants' business activities
or job roles. The FTS is available to eligible entities, at a 50% funding level of programme fees subject
to all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme
Directory with the specified validity period. Please refer to www.ibf.org.sg for more information.
Jean-Luc Verhelst is the author of the book Bitcoin, the Blockchain and Beyond (2017) and a renowned public speaker, trainer and advisor on blockchain. He teaches at multiple universities and training centers in Europe and the Middle East and advises corporates on their blockchain journey through workshops and advisory.
Prior to his current position, he worked several years as a strategy consultant and became the blockchain leader for Deloitte Belgium after having spent several months at Deloitte’s EMEA Blockchain Lab. He worked for numerous clients in Europe, managed the development of blockchain solutions, and delivered internal trainings in EMEA and the USA. He also co-founded blockchain communities, was selected by the European Commission as a member of the EU Blockchain Observatory and Forum and won the world’s largest blockchain hackathon of 2016. His master thesis on Bitcoin received the award for best financial thesis of 2014 in Belgium. Jean-Luc holds academic degrees in IT and business.
Most importantly, Jean-Luc has a real passion for blockchains and how they will shape our future.
Request a Brochure with full details for Blockchain for Financial Markets
Section 1 – Introduction to Money
- Historical perspective of money
- Current monetary system
- Electronic money
- The internet disruptive nature and limitations
- The why of blockchains
Section 2 – Blockchain Overview
- Topics to be discussed
- Introduction to the rules of the blockchain
- Concept of distributed storage
- Permissionless and permissioned blockchains
- Data storage and concrete applications
- Transfer of value and concrete applications
- Smart-contracting and concrete applications
- ICO’s, Dapps and DAO’s
- A vision on the future of blockchains
- The challenges of blockchains
- Conclusion
Workshop: Use case ideation
Section 3 – Consensus Mechanisms
- Proof of work
- Proof of stake
- Proof of authority
- Other consensus mechanisms
- Hashing
- Game theory and network incentives
- Mempool, transactions and fees
- Forks
- Governance around protocol improvements
Section 4 – Wallets and Exchanges
- Private and public keys, digital signatures
- Wallet types (security vs convenience trade-offs)
- Wallet features (multi-sign, time locking, etc .)
- Exchanges and ecosystem overview
- Custodian implications
- Examples with transactions
- Advanced wallet structures (hierarchical, deterministics, etc.)
Section 5 – Tokens
- Token functions (payment, network, utility, security, incentives, physical asset representation, etc.)
- Token standards
- Token issuance (ICO, vesting, etc.)
- Token properties (e.g. fungibility, supply-economics, standards, etc.)
- Privacy (ring signatures, zk-snarks, etc.)
- Stable coins (collateralized by reserves or commodities)
- Private currencies (issued by corporation and consortiums)
- Central Bank Digital Currencies (US, UK, Euro, Jasper, Ubin, Khoka)
- 2nd layer transactions, state chains, lightning networks, sharding, etc
Workshop: Token use cases and projects
Section 1 – Smart Contracts
- Historical perspective
- Paper contracts vs smart contracts
- Legal implications
- Considerations and limitations
- Examples and non-technical exercises
Section 2 - Oracles
- Trusted external data on the blockchain
- The three oracle types
- Considerations
- Examples
Workshop: Use case deep dive and design
Section 3 – Major Permissionless Blockchain
- Presentation of the major permissionless
- Ethereum
- Cardano
- Binance chain
- Ripple
- Polkadot
- Solana
- Internet computer
- Polygon
- Filecoin
Section 4 – Decentralised Finance (DeFi)
- Introduction to DeFi
- DeFi ecosystem
- DeFi applications (borrowing and lending, yield farming, staking, decentralized exchanges, prediction markets)
- Services, asset management tools and infrastructure
- Presentation of the major DeFi protocols
Section 5 – Major Permissioned Blockchains and Service Providers
- Corda
- IBM – Hyperledger
- Ethereum private
- Quorum by JP Morgan
- Ecosystem overview (e.g. infrastructure, compliance, etc.)
Section 6 – Identity Management
- GDPR scope and sensibilities
-
Identity management
- Specificities related to permissionless or permissioned blockchains
- Identity requirements
- Public identities
- Revealing your identity to some parties while hiding it to anyone else
- Links with the wallet section
- Case studies and examples
Section 7 – Regulatory Aspects
- Regulatory concerns and risks
- Financial stability, investor protection, financial integrity
- Regulatory approach and evolution
- Token classifications
- FATF / AML 6.0 guidance
- Implication for ecosystem players
- Case studies and examples
Section 8 – Business
- How blockchain introduces a new, more horizontal, value paradigm
- How blockchain allows the creation of new ecosystems or changes the way existing ones operate
- Consortiums and networks (e.g. R3, Ethereum Enterprise Alliance, etc.)
- Key points to consider before validating a use case
- Business impacts and considerations
- Value to stakeholders
- Key drives for project success
- Project approach
LFS is the best place to learn about financial markets.
(Director of Finance - PT Jasa Raharja (Persero))
Course Details
This course is also available in London Time Zone and New York Time Zone
- To run this course at your organisation, contact us.
Call now for more information on this course or to book:
Asia Pacific +65 3159 3707
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London Financial Studies is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.