BLOCKCHAIN FOR FINANCE AND BANKING PROFESSIONALS SELF-STUDY CBT

How This Course Is Organised

Participate in the 4th Industrial Revolution: Blockchain has been ushered in as one of the revolutionary technologies that can herald the advent of the fourth industrial revolution.

Blockchain in Finance and Banking is a trend at its’ infancy, and is exploding at this very moment. Most professionals and leaders in Finance and Banking don’t understand this technology despite massive changes coming our way. We aim to solve this problem by educating people not only on the fundamentals of the blockchain technology, but also provide a taste of the current applications and use cases to give an idea of where it is all going and how it can be applied in various settings.

First, it takes a look at Bitcoin, Cryptocurrencies and the the mechanics behind them, including cryptographic hash functions, Bitcoin Script, privacy, and hash commitment schemes. You'll learn about practical applications of Bitcoin such as wallets and mining, as well as how to destroy bitcoins, including network attacks and malicious mining strategies.

It then delves into distributed systems and alternative consensus mechanisms, as well as cryptoeconomic and proof-of-stake. We then move on to the fundamental applications of bitcoin and blockchain technology, including exploring enterprise blockchain implementations (JP Morgan’s Quorum, Ripple, Tendermint, Ethereum and HyperLedger) and Cloud Platforms.

Blockchain can be used to make Finance and Banking more transparent and accessible and empower investors, clients, manufacturers, creditors, debtors, auditors and stock exchanges to take control of financial and management accounting, reporting and auditing process. This will get employees equipped with the knowledge to blast their companies into the 21st century, will give entrepreneurs the cutting edge, and most importantly, will empower financial professionals and their stakeholders to be in control of their financial and banking processes and improve overall provider satisfaction.

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Audience:

Business Analysts
Business Consultants
Project Managers
Business Executives
Team Leaders
Team Members

Before You Begin This Course

Prerequisites
Students are expected to be familiar with Finance and Banking concepts

Certification:
This course will assist in preparation for the Blockchain Training Alliance Certification Examinations

Objectives:

On successful Completion of the course you should be able to:

Understand the History of BitCoin and Blockchain
The basic properties and intent of centralized/decentralized currency
In-depth understanding of Bitcoin including - Identity, Transactions, Record Keeping, and Consensus.
The revolutionary significance of Bitcoin as opposed to some of its early predecessors.
The mechanics behind Bitcoin, such as the Bitcoin network, cryptography and cryptographic hash functions
Bitcoin Script, privacy, and hash commitment schemes.
Real-world aspects of Bitcoin, such as wallets, wallet mechanics, mining, transactions
Blockchain and distributed ledger systems in a business environment
Bitcoin and Ethereum Blockchains
Understand Blockchain and Smart Contract Basics
Describe  the Basics of Ethereum Virtual Machine - EVM
Understand Private Blockchains vs. Public Blockchains
Describe Ethereum Use Case in Industry
Understanding types of Blockchains
Understand the formal definition of distributed consensus
Understand foundational topics such as the CAP Theorem and the Byzantine Generals Problem
Understand alternative consensus mechanisms to Bitcoin’s Proof-of-work
Understand alternative consensus mechanisms such as Proof-of-Stake, voting-based consensus algorithms and federated consensus
Understand the meaning and properties of cryptoeconomics
Describe the various enterprise-level blockchain implementations, such as JP Morgan’s Quorum, Ripple, Tendermint, and HyperLedger
Understand and describe industry use cases for blockchain ICOs
Understand and describe regulations surrounding blockchain
Understand and describe the challenges with scaling and obstacles to widespread blockchain adoption
Understand government regulation and control of blockchain technology
Understand the application of blockchain technology in Anti-Money Laundering (AML) regulations
Understand the application of blockchain technology in Know Your Customer (KYC) regulations

Course Outline

Blockchain History
Introduction: Pre-Bitcoin
Bitcoin Precursors
Bitcoin Invention

Bitcoin Basic Concepts
Introduction: What is Bitcoin?
Bitcoin vs. Banks
Introduction: Identity (Stage 1)
Introduction: Transactions (Stage 2)
The UTXO Model
Introduction: Record Keeping (Stage 3)
Consensus (Stage 4)
51% Attacks

Bitcoin and Cryptoeconomics
Ethereum - An Alternative to Bitcoin
Bitcoin vs. Ethereum
Decentralized Applications (Dapps)
Ethereum Smart Contracts

Blockchain Defined: 
Bitcoin & Blockchain
Blockchain Structure
Basic Operations
Beyond Bitcoin

Distributed Ledger Technologies
Distributed Ledger Technology (DLT) vs. Blockchains
Merkle Tree
Transactions
Differences between Blockchains and Databases
Types of Blockchains
Peer-to-Peer Network Architecture
Immutability of Data
Blockchain Applications
Smart Contracts

Applying blockchain to business
Why blockchain is relevant for business
Consensus: Shared reference data example 
Provenance: Supply chain example 
Finality: Letter of credit example

Industry use cases
Government
Supply Chain Management
Healthcare
Electronic medical records
Healthcare payments pre-authorization
The Internet of Things (IoT)

Bitcoin: Wallet Mechanics and Mining
Introduction: Types of Users
Key Components
 
Wallets
Introduction: Wallets
Purpose of a Wallet
Types of Wallets
Key Stretching
Choosing a Wallet
Bitcoin ATMs
Exchanges

Bitcoin Mining
Introduction: Mining
Types of Miners
Recipe for Mining: Overview
Mining Incentives
Mining Incentives: Block Reward
Mining Incentives: Transaction Fees
Mining Costs: Fixed Costs
Types of Hardware
Mining Costs: Operating Costs

Real World Mining
Intro: Real World Mining
ASICs
Mining Pools
Mining Pool Schemes
Mining Pool Pros and Cons
Mining Pool Stats
Types of Miners

Bitcoin Governance
Intro: Bitcoin Governance
Ensuring Decentralization
Eliminating Waste
Consensus Updates: Bitcoin Core
Consensus Updates: Forks
Consensus Updates: BIPs

Ethereum & Smart Contracts: Enabling a Decentralized Future
Ethereum Blockchain
Smart Contracts
Ethereum Structure
Ethereum Operations
Incentive Model

Ethereum Use Cases
Intro: Ethereum Use Cases
Basic Use Cases: Smart Assets
Basic Use Cases: Multisig
Basic Use Cases: Proof of Existence

Trust: Distributed Systems & Consensus
Distributed Systems
Decentralized Systems
Consensus Protocol
CAP Theorem
Byzantine Fault Tolerance
Voting Based Consensus Mechanisms
Nakamoto Consensus
Proof-of-Stake
Federated Consensus
Robustness
Forks

Cryptoeconomics and Proof-of-Stake
Cryptoeconomics
Cryptography
Economics
Proof-of-Stake
Attacks

Algorithms & Techniques: 
Public-Key Cryptography
Hashing
Transaction Integrity
Securing Blockchain

Financial Blockchain in Action: Use Cases
Financial Services
Commercial financing
Trade finance
Bank Payments
Cross-border transactions
Insurance
Factoring and Invoice Discounting
Anti-Money Laundering (AML) regulations
Know Your Customer (KYC) regulations
Blockchain ICOs
Regulation & Caveats

Other Distributed Ledger Technologies
Chain Core
Corda
Quorum
IOTA

Steps to Your First Blockchain application
Deciding Whether Blockchain Has a Place in Your Industry
Identifying Speed Bumps in Business Processes
Determining How Blockchain Can Help
Choosing an Appropriate Use Case
Determining the Goal of Your Blockchain Network
Identifying Dependencies
Choosing a Blockchain Provider and Platform
Developing and Deploying Chaincode
Testing and Fine-Tuning Your Application and Network

NOTE: THIS COURSE IS ALSO AVAILABLE IN SELF-STUDY TRAINING GUIDE, E-LEARNING OR DISTANCE LEARNING FORMATS. FEEL FREE TO ASK IF YOU PREFER DISTANCE, E-LEARNING OR TRAINING GUIDE LEARNING FORMATS. PRICES DIFFER 



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