A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. This course describes the Bitcoin concept, what Blockchain is and its financial applications to creating secure KYC and payment data sets. This course explains a Blockchain concept where the Blockchain itself is a shared single source of truth.
This webinar will discuss the concept of Bitcoin and Blockchain, how it works and its implication on KYC and transaction security.
Blockchain technology beyond Bitcoin.
Why Should You Attend:
Blockchain is new; it is cutting edge and is the future. Information, KYC and Transactional data has not been dealt with in the same way as before. Financial institutions, consultancies are getting onboard with this new ledger technological approach. This new approach is at the forefront of its development and we are discovering its unknown potential.This webinar will discuss the concept of Bitcoin and Blockchain, how it works and its implication on KYC and transaction security.
Learning Objectives:
- The Bitcoin properties concept as a unit of value.
- Blockchain applications beyond Bitcoin currency and Ethereum project.
- Blockchain as a secure trusted public ledger system.
- Blockchain application in financial institutions.
- The secure nature of KYC and payment data.
- Blockchain usage as a risk mitigation toolset as well as other applications.
- The principle of digital assets.
- What developments have taken place and what would the future entail.
- Case studies that lead the way.
Areas Covered in the Webinar:
How it works and what is the unit of Bitcoin properties concept?Blockchain technology beyond Bitcoin.
- The Ethereum project
- Blockchain as a public ledger system
- Collective bookkeeping
- Public database
- Agreement via mining
- Blockchain benefits
- Who is developing Blockchain technologies
- Blockchain innovation
- Near instant secure digital assets/information transfers.
- Financial use cases of Blockchain
- Blockchain applications in banking
- What banks should be doing.
- Why not use a centralized KYC database
- Secure KYC and transactional data
- KYC as a network agreed dataset
- Digital assets - digital documents and digital identities
- Some case studies - KYC - chain, polycoin.
- Fiextra - Blockchain could increase efficiency in KYC
- Blockchain adoption challenges and solutions
- Other applications of Blockchain
Who Will Benefit:
- Data Analysts
- Payments Analysts
- Consultants
- Managers
- Directors
- MLRO/CO
- Head of Risk/Compliance
- Head of Payments
- IT Professionals
Course Provider
Shaun Miller,
