National banks and regulators, exchanges and investment banks across the world are taking seriously the financial innovation of distributed ledger or block chain technology. The block chain, aka Trust Machine underpins “crypto currencies” such as Bitcoin; but it goes beyond digital money. It provides a shared, trusted, public ledger that everyone can inspect, but no single user controls. It is at the cusp of revolutionising international money transfers, trade finance, syndicated lending and collateral management, among other applications. As it allows for almost instantaneous payments and settlement, the potential impact on the role of traders, quants and other financial technologists cannot be underestimated.
This conference brings together Block Chain technologists in the finance sector, regulators, industry commentators, computer science researchers and others involved in financial innovation; these experts explore some of the technology and the many applications of
Block chain in Financial Services.
Topics to be covered include:
David Costa Faidella, Thomson Reuters
I believe I know who I am, the government believes it knows who I am and the businesses and services I engage with believe they know who I am.
With Identity being a complex concept, comprising personal, biological, legal, financial, social, physical, digital and behavioural dimensions, I will be looking at what identity means; how we currently prove who we are; how identities are used and protected; how they cover our lifespan; how the exhaust of our physical and digital interactions are leveraged and I will be looking at the differences between identities and entitlements.
And I will look at the future, which might well be powered by the emergence of blockchain and distributed ledger technologies.
Paul Lewis, Crossword Cybersecurity plc
Cyber security today and how we approach authentication
- How block chains will impact this
- Case Study with University of Warwick and major Military organisation.
Nick Weisfeld, GFT
Whilst the Blockchain phenomenon continues to gain traction, and is a key area of interest across many markets, the practical application of the technology in a real-world beneficial use-case continues to prove elusive.
Achieving the scale and volume of data processing required to compete with existing real-world business applications, processing many millions of transactions each day is a hard challenge to meet, especially in financial services.
Nick Weisfeld is able to discuss the approach taken in the GFT Blockchain testing lab, which uses best practice methods that are designed to fully ‘road-test’ Blockchain use-cases with simulated real-world scenarios, demonstrating if the technology is ready to be brought out of the lab and into reality.
Vic Arulchandran and Avtar Sehra, Nivaura; David Costa Faidella, Thomson Reuters; Jessica Ferguson, Everledger; Dinis Guarda, Intelligenthq.com/Blockchain Age; George Hallam, Ethereum; Paul Lewis, Crossword Cybersecurity plc; Charles Radclyffe, dataPHILOSOPHER; Nick Weisfeld, GFT.
Michael Mainelli, Z/Yen Group
Mutual distributed ledger (aka blockchain) technology has been around for at least two decades but the public interest surrounding Bitcoin’s blockchain has created a frenzy of interest in applying the underlying ledger technology. Professor Mainelli argues that this technology is as much about changing the organisation of central third party relationships as it is about technological implementation. Central third parties validate, safeguard, and preserve transactions among a community. The community can range from small and professional, to global and public. Successful central third parties frequently become natural monopolies, exposing them to two temptations, corruption and indolence. Mutual distributed ledgers move much safeguarding and preservation into the technology, in the process reducing the ‘switching costs’ for the community of moving to a new central third party. Both the technology and the reduced switching costs reduce the likelihood of overly powerful natural monopolies. However, this reduced power could, paradoxically, lead to a profusion of new central third party players. Michael will explore how technology affects the structure of central third parties, and the diverse ways in which communities can apply the technology for the common good.
Vic Arulchandran and Avtar Sehra, Nivaura
Nivaura’s technology enables the issuance, execution and administration of complex financial products in the $2tn low-mid value issuance market currently difficult to service competitively and profitably by larger Corporate and Investment Banks (C&IB). We change the deal-flow economics, allowing C&IB to make those deals more efficient and profitable. This also helps them engage with the clients they care about at an earlier stage. Our technology offering includes technology that interfaces with legacy systems, automation, machine learning and Blockchain.
Dai Davis, Percy Crow Davis & Co Ltd
Dai Davis (Lawyer, Physicist and Computer Scientist) explores the legal ramifications of this powerful technology. In the Dark Web, criminals pay for illicit goods using virtual currencies, yet the technology is also behind a successful diamond exchange that tracks legitimate diamonds, making it harder to trade in illegitimate ones. How secure is this technology? What laws control and safeguard distributed ledgers? What security risks are there and what legal redress is there?”
Dinis Guarda, Intelligenthq.com / Blockchain Age
The blockchain is becoming the new database of the internet, the new macro database and maybe as it is scaled, the new holistic global source database for everything! More than just a Fintech supra DNA driver created by the advent of Bitcoin, Blockchain is the new global innovative financial and infrastructure identity, for the advent of the Internet of Everything, some sort of technology blood circulation for data and the internet, and a sort of a single system that combines a meta-computer service / vision / platform that transforms things, data, operations in a new global open computer holistic system – a meta / supra database.
Avtar Sehra, CEO, Nivaura
The 90 minute workshop will consist of a Finance focussed in-depth look at Blockchain, prior knowledge is not necessary but will be helpful. The workshop will begin with a detailed explanation of what the Blockchain is, how it developed, and how smart contracts are implemented via a simple demonstration. We will then highlight and explain the key areas of experimentation with the Blockchain in the short, medium and long term, where Retail and Corporate & Investment Banking may benefit from implementing the Blockchain, and how we believe the Blockchain and the Internet of Things will coalesce in the future.
Nicolas T. Courtois, Cryptologist, University College London
In this talk we will survey a number of questions regarding security of blockchains. We will pay a lot of attention to cryptography and various type of attacks (private key theft, 51% attack, mining attacks, etc).