Level: C Level & Managers
Duration: Short Term and Long Term Courses
Programme: Professional Certification
The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
Don & Alex Tapscott, authors Blockchain Revolution (2016)
Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet and you have a basic understanding of the blockchain.
Blockchain technology is like the internet in that it has a built-in robustness. By storing blocks of information that are identical across its network, the blockchain cannot:
- Be controlled by any single entity.
- Has no single point of failure.
The area of focus is block chains evolution into non-financial areas
Digital contracts – In some ways, blockchain seems to be more revolutionary for the legal industry than finance. Legal proceedings and contracts involve huge stacks of documentation and multiple signatures. Incorporating a blockchain in this process shall save time, effort, overhead costs and even the environment by saving paper.
Asset registry – Currently, properties like real estate are hard to maintain record of. It is required that all property or land be registered but the mere size of these markets makes it hard and too expensive to maintain the records. Also, real estate fraud is something that is always a threat to the market. Blockchain will be useful in maintaining the identity and ownership of encrypted databases
Counterfeit prevention – Blockchain shall be extremely useful in tracking ownership and authenticity of valuables and help in identifying digital art, copyright material and intellectual property from being copied or faked. This will be because everything will need to have a history in blockchain and something that does not will easily be identified as a fake.
Identity theft – Blockchain can be used to protect identity and prevent identity theft through digital identities, digital passports, birth certificates, IDs, online account logins, etc. Since blockchain is not stored on a physical database, it is also going to remain protected from any hacking attempts, making identity documents and proofs even more protected.
Who Should Attend ?
- The following roles within global banking, retail banking, building societies, management consultancies, professional services, asset management, legal, Police.
- Managers who need to prepare for disruptive innovations and challenges coming out of the block chain ecosystem.
- Managers and project directors who need to better understand areas of block chain relevant to their line of work.
- Heads of strategy and innovation.
- Blockchain Technology
- Blockchain platforms
- Blockchain for non-financial use cases
- Smart contracts
- Develop a hands-on understanding the block chain.
- Understand uses of block chain.
- Learn how to prepare yourself for the changes that are underway.