Introduction to Blockchain
Overview of what Blockchain is and what it will mean for your Organization
There is great excitement about the potential of blockchain and smart contracts to “disintermediate” the middle men and use code as means of trust instead. But does this always makes sense? Why would an enterprise want to rely on a slow and rigid blockchain database shared with other?
In this masterclass, we discuss the building blocks of blockchain (databases and smart contracts) and examine how these can be used by corporations and other organisations.
Upon completion of the masterclass, the attendees will be able to apply frameworks to understand potential use cases for their business and, equally importantly, the limitations of this emerging technology.
- Demystify the complexity of Blockchain
- Explain the potential and current uses of Blockchain
- Understand the limitation of Blockchain
- Learn about the major initiatives in UAE and abroad
- Appreciate the potential for corporate users
- Familiarise with the legal and regulatory framework
- Introduction to blockchain and distributed ledger technology (DLT)
- Code = law?
- Major initiatives in UAE and abroad
- Finance – “Radically Lowering The Cost of Trust”
- Digital Economy
A One Day Briefing
INTRODUCTION TO BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGIES (DLT)
- The Trust Machine or a “Glorified Spreadsheet”?
- Blockchain Genesis: It Started With Bitcoin
- A Variety of Distributed Ledgers: Open vs Permissioned, Private vs Public
- How Is the Ledger Updated without a Middleman: Proof of Work, Proof of Stake, and ‘Notary’ Nodes
- Do You Really Need a Blockchain For That?
- The Current Obstacles to the Wide Adoption of the Distributed Ledgers
CODE = LAW?
- The “Internet of Agreements”?
- “Smart” (Data-driven and Self-executing) Contracts
- Applying Binary Logice: If This, Then That
- Can You Code A Smart Contract and Put Lawyers Out of Business?
- Examples of Code-able Clauses: Payments, Insurance, Financial Instruments, and Supply Chain
- Decentralised Autonomous Organisations (DAOs): Automating Corporate Governance
THE UAE LANDSCAPE
- Government Initiatives
- The UAE/KSA Digital Currency Pilot “Aber”
- Regulatory Landscape
- The Private Sector
FINANCE – “RADICALLY LOWERING THE COST OF TRUST”
- Banking without Banks
- Banks’ Response to Decentralisation and the Pursuit of Automation
- Connecting the Back-Offices
- The Nature and Potential of Central Bank Digital Currencies
- Replacing “Firms” With Marketplaces
- Digital Storage: Filecoin (“fog” digital storage) vs Dropbox (“cloud” digital storage)
- E-commerce. OpenBazaar (zero fee marketplace) vs Ebay
- Digital Advertising: Rewarding Users For Their Attention