agenda

agenda

Applications of Blockchain Technology in Finance | Agenda

Agenda timing is in HKT/SGT

08:4509:00

Registration

09:00 - 10:00

09:0010:00

Introduction & Challenges

10:00 - 11:00

This section gives a high-level introduction to blockchain; including what a blockchain is or is not, its history and development and why blockchain is considered one of the most important technologies in recent days. Finally, the section will present 14 real world business challenges that blockchain may help to solve in the future. Later sections will go in more details and depth how and the feasibility of blockchain to address some of these 14 challenges.

10:0011:00

Blockchain Technology from First Principles

10:00 - 11:00

This section is a high-level introduction to the four fundamental building blocks of blockchain: 

  1. Shared ledger, 
  2. Cryptography
  3. Consensus 
  4. Shared (Smart) Contract

11:0011:15

Break

10:00 - 11:00

11:1512:15

Identity & Privacy

10:00 - 11:00

This section explores the concept, need, importance and future of digital identity. Digital identity is the core of digital transaction. Knowledge of exactly who or what we are dealing with is a prerequisite of all communication and transaction. In digital transactions, it is essential for a legal entity to prove its own identity and verify those of other parties. Digital identity is needed to assign ownership to a digital asset.

The course will first discuss and compare the various approaches to create digital identity. It will then scrutinize the challenges of creating, deploying, and servicing digital identity and investigate the impact of personal data privacy regulations such as the EU's General Data Protection Regulation (GDPR) for blockchain.  

Finally, the section will give introduce the new approach to digital identity; that of Self Sovereign Identity or User-Centric Verifiable Digital Credential where portable secure digital credentials (self-sovereign identity) solution held by individuals can be independently, cryptographically and rapidly verified using emerging blockchain standards and an approach that may give rise to a global digital verification platform.

12:1512:15

End of Day 1

10:00 - 11:00

09:0010:00

Digital Fiat

10:00 - 11:00

This section explores the topics of blockchain based Central Bank (issued) Digital Fiat (CBDC); the last-mile issue of settlement for every financial transaction and every financial service use case. The introduction of CBDC in the future will profoundly change the landscape of both domestic and cross-border payments. Topics covered include

  • Summaries of various CBDC infrastructures and models
  • How CBDC will influence the national monetary policy from the eyes of Bank of  
  • International Settlements and central banks
  • Status of CBDC projects in different countries

Detailed introduction to Project Ubin; a collaborative project with the industry initiated by Monetary Authority of Singapore in 2016 that explores the use of blockchain for clearing and settlement of payments and securities  The fifth and latest phase of the Ubin was completed in recent months.

10:0011:00

Asset Tokenization

10:00 - 11:00

This section explores tokenization, the process of issuing a blockchain token that digitally represents a real tradable asset such as bonds, shares, and real estate.

Tokenization must ensure that assets are digitized, are unique in a system, cannot be replicated and maintain their integrity to hold value, and preserve transfer value. It then discusses why asset tokenization is essential to powering the next-generation digital economy and paving the way for new business models that are built on the “instance economy” and investigates into the technological challenges of tokenization, the digital representation of physical goods. It will then examine different types of tokens such as stable coins and utility coins.

11:0011:15

Break

10:00 - 11:00

11:1512:15

Blockchain Governance

10:00 - 11:00

It begins by explaining what governance means for an organization. It then goes into exploring elements of off-chain and on-chain governance for both public and private blockchain. Finally, it will examine technical infrastructure governance, membership network governance and business network governance for enterprise blockchain. The success and failure of a blockchain project entirely depends on its ability to develop an ecosystem that is properly governed and incentivized.

12:1512:15

End of Day 2

10:00 - 11:00

09:0010:00

Blockchain Use Cases in Finance and Insurance Industry: Part 1

10:00 - 11:00

Three real use cases selected respectively from virtual banking, trade finance and insurance will be examined to see how blockchain is employed to tackle industry problems and address pain points arising from business processes. The pros and cons of using blockchain vs other technologies, the challenges, and risks of using blockchain and best practices for long-term success will also be addressed. 

10:0010:15

Break

10:00 - 11:00

10:1511:15

Blockchain Use Cases in Finance and Insurance Industry: Part 2

10:00 - 11:00

11:1511:15

End of course

10:00 - 11:00