Blockchain is an exciting decentralized, distributed ledger technology that has been popuarlised by the Bitcoin global cryptocurrency. Blockchain technology removes the reliance on a trusted third party to maintain a central ledger and whilst financial marketplaces have been the most widely used application at the time of writing, this is not the only type of transaction where it can improve business performance. Below lists the key benefits which enable blockchain to potentially transform business performance:
Faster transaction times: in the context of financial Services and banks transcations between banks can typically take days for clearing and may be reliant on when the banks are open for business. A blockchain transaction is distributed across the network in minutes and will be processed at any time throughout the day.
Huge Cost saving for all industries: Maintaining multiple copies of the ledger across every node in the network means that the blockchain is better able to withstand attack. Even if one node was compromised by an attack, the blockchain would be maintained by every other node. In theory this means that an attacker would need to take control of every node simultaneously in order to corrupt the ledger.
Increasing Security and resilience. Maintaining multiple copies of the ledger across every node in the network means that the blockchain is better able to withstand attack. Even if one node was compromised by an attack, the blockchain would be maintained by every other node. In theory this means that an attacker would need to take control of every node simultaneously in order to corrupt the ledger. This is not the case for traditional ledger where an attack on a single trusted third party could bring down the record of transactions.
Immutability and unchangeable . This is seen as vital key benefits of blockchain technology. As changes to the public ledger are seen and verified by all the nodes simultaneously across multiple ledgers the transactions cannot easily be altered or deleted.
Privacy and User anonymity. Buyers and sellers use anonymous and unique address numbers to process the transaction. Whilst this has been criticised for giving rise to the use of cryptocurrencies in illegal online market places such as Silk Road, it could be seen as an advantage if used for other purposes, for example, electoral voting systems.
Smart contracts. A blockchain may be used to distribute a smart contract across multiple parties with the execution of the contract and the monitoring of compliance with its terms being recorded across every ledger.
About this one day Masterclass workshop:
This is practical hands on workshop which will challenge attendees to really understand how it can be applied to make a real bottom line difference to your business performance
Who should attend
This one day handson workshop is designed for both financail services professional and non financial services professionals, corporate executives, marketers, IT specialists, CEO's, senior strategists and entrepreneurs who wish to fully understand the practical applications of blockchain to solve real business problems such reduced costs susbstantially by removing the need for middlemen, eliminating a lot of manual processing, increaing the speed of transactions and increasing business transparency.
The workshop is a practical handson training day and will include the following learning modules
- A brief history of Blockchain
- Why it matters?
- Existing technologies, terminology and case-studies
- Public blockchain explained
- Game Theory explained
- Crypto funding models
- Marketplace business models
Blockchain for traditional business
- how do Private blockchains work
- An examination of case studies and examples
The Future of Blockchain
- mapping and legislation
- ethical considerations
What you learn on completion:
- the principles of how blockchain works
- Be able to confidently communicate the impact of blockchain to colleagues
- Understand how blockchain technologies are being used today to resolve business problems
- Recognise the regulators view of blockchain
- Map a clear strategic roadmap to leverage the benefits of this new technology
About the trainers
Adi Ben-Ari one of the co-founders of Applied Blockchain has extensive experience in enterprise technology spanning almost two decades. He has delivered significant software projects with major institutions both in the UK and abroad in different industries including finance. He is a noted and recognized expert in the blockchain field and talks frequently at conferences and industry forums, most recently at the 14th Bank Management Conference, Greece in November, and has led the delivery of a number of Blockchain smart contract solutions
Peter Bidewell is the Chief Marketing Officer of Applied Blockchain and leads client relationships, partnerships and marketing for Applied Blockchain; consulting on the strategic implementation of blockchain solutions that are platform agnostic, scalable and enterprise ready. He has worked with a number of clients, across many different industries, to explain the technology and consult on the most suitable application of blockchain for their specific business needs. Peter regularly presents on blockchain at international events, most recently at the Blockchain Conference, Colombia in December.
We only hire the best trainers to deliver our courses. All courses are delivered by industry leaders who have real life hands on experience of finding solutions to problems using Blockchain
We'd be delighted to help if you have any questions about the course contents or a group bookings or any other questions. Please email us on davereilly32@gmail or call direct on 0208 299 0557
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