Blockchain for Financial Markets: Technology and Business Applications
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I highly recommend LFS. I have two courses with them and they have proved themselves to be an excellent institution with high standard tutors.
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The course was beyond my initial ideas, excellent content, full of examples, got a high mark for me!
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Short course
In New York (USA), London and Singapore (Singapore)
Description
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Type
Short course
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Location
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Duration
2 Days
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Start date
Different dates available
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.
Facilities
Location
Start date
Start date
Start date
Start date
About this course
Quants / Financial Engineers
System developers
Risk Managers
Strategists, Researchers
Settlement and Back-office IT
It is assumed that participants have a familiarity with Microsoft Excel and a basic understanding of financial transactions and derivatives.
Reviews
-
I highly recommend LFS. I have two courses with them and they have proved themselves to be an excellent institution with high standard tutors.
← | →
-
The course was beyond my initial ideas, excellent content, full of examples, got a high mark for me!
← | →
-
Great tutor and excellent course.
← | →
Course rating
Recommended
Centre rating
Analyst
Smee Sheikh .
VP
Market and Liquidity Risk
This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 15 years
Subjects
- Contracts
- Financial
- Financial Training
- IT risk
- Risk
- Regulations
- Technology
- Market
- Transactions
- Derivatives
- Logic
- Banking
- Blockchains
- Ledger Technology
- Cryptography
- Pseudonimity
- Byzantine
- SGX
- CVA
- DVA
- FVA
- SIMM
Teachers and trainers (1)
Massimo Morini
Teacher
Dr Morini is currently Head of Interest Rates, Credit and Inflation Models at Banca IMI Intesa San Paolo (where he is also responsible for coordinating Model Research). He is a Professor of fixed income at Bocconi University and was Research Fellow at Cass Business School of London City University. He holds a PhD in Mathematics and regularly delivers advanced training on credit modelling, interest rate market models, correlation modelling and model risk. His papers appeared on journals including Risk Magazine, Mathematical Finance, the Journal of Derivatives and Applied Mathematical Finance.
Course programme
Understanding 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
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
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
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
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 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
The 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
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
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
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
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
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
Blockchain for Financial Markets: Technology and Business Applications