Details

London is currently the second most active city in the world for blockchain development programs with 914 projects in development recorded in 2018, three times more than its nearest European rival Paris at 288. Investments into UK-based blockchain companies continue to increase rising from $50 million in Q3 of 2016 to $150m by Q2 of 2018. More importantly for business confidence, the UK’s Financial Conduct Authority (FCA) groundbreaking regulatory sandbox is recognized across the globe for its innovative regulation of blockchain business and applications.

Blockchain is now demonstrating real operation potential in its potential to solve business problems. Recent examples include Walmart, launching its new blockchain-based supply chain and crypto currency in 2019, Amazon launching its new AWS Blockchain-based managed service recently deployed by Legal and General and Shell Oil partnering with London's Applied blockchain, launching its first-ever blockchain-based commodity trading platform in Dec 2018. In July 2019 Facebook joining the cryptocurrency market announcing the launch of its new Blockchain-based currency Libra further verifying its business credentials as a quality platform

So why is Blockchain attracting so much excitement in 2019? Below lists some of the key business benefits that we will be examining in this course:

Faster transaction times: in the context of financial Services and banks transactions 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 marketplaces 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. 

Course Outline

The workshop is a practical training day and will include the following learning modules

An introduction
- A brief history of Blockchain
- Why it matters
- Existing technologies, terminology and case-studies

Business Applications
- 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: Shell, Amazone Webservices and Walmart

The Future of Blockchain
- scaling
- mapping and legislation
- ethical considerations
- Facebook Libra; what does it mean for the future Blockchain

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 regulator's view of blockchain
- Map a clear strategic roadmap to leverage the benefits of this new technology

Course Trainer

About your Blockchain Trainer- Gary Nuttall

With over 25 years of commercial experience in a variety of industries, including retail, pharmaceuticals, commodities trading and insurance, Gary has acknowledged expertise in Business Intelligence, Data Analytics, and the latest developments in the UK Blockchain industry.  He is a Chartered IT Professional (CITP) registered with the British Computer Society (BCS).  He successfully completed the B9Lab course “Blockchain Business Strategy” in 2016 with a score of >80%.  He additionally holds the ISEB Diploma in Business Analysis.

Gary is well recognized in the Blockchain / Distributed Ledger Technology arena, with particular expertise in the commercial insurance and legal sectors.  He has presented at several conferences and events since 2015.  He also writes articles for magazines and thought leadership blogs on a number of related emerging technologies such as the impact of Facebook Libra with emphasis on the practical hurdles of implementing blockchain.

In 2016 he was commissioned by the London Market Group (LMG) to investigate Blockchain/DLT and its potential use in the London Commercial Insurance Market.  Early in 2017, Gary undertook an investigation with Origo, a provider of technology services and standards in the Life & Pensions sector to identify opportunities for Distributed Ledger Technology adoption. 

Gary is former Chair of the British Computer Society (BCS) Business Information Systems Specialist Group of which he remains as an active committee member.  He is chair of the TechUK Insurance & Pensions Working Group, a member of the TechUk Distributed Ledger Working Group, a partner in Lime Street Digital and a founding partner of Team Blockchain

FAQs

What are my transport options for getting to and from the venue?

The venue is located in the centre of town and easily accessible. The best public transport options to get to the Royal Society of Chemistry at Burlington House is either a short walk from via Green Park Underground, via the Jubilee or Victoria Line or alternatively via Picadilly Underground on the Piacadilly Line

Is there any preparation required in advance of the course?

The course does not require you to prepare anything in advance.  We recommend reading on the subject in advance of the training workshop so we will submit a reading list once the attendee has confirmed their booking.

How can I contact the organizer with any further requirements questions?

We would be delighted to help if you have any questions about the course contents, group bookings or any other related question. 

Please email us on davereilly32@gmail or call direct on 0208 299 0557 or alternatively 07989 985922 if you have further questions on the above workshop

 

Testimonials

Feedback from previous workshop attendees:

"Even as a well-experienced cryptocurrency trader and blockchain analyst, I learned a lot from this workshop. It covered basic principles of blockchain up to more detailed use cases and applications of the technology. The two tutors are very well experienced in the blockchain sphere and were able to translate even the more technical parts to the group in plain English using real-world examples. The breakout sessions worked well and encouraged thinking and innovation. Facilities were also great and well stocked up on refreshments. I believe that everyone went away from the workshop inspired and itching to apply blockchain technology to their businesses after seeing the potential."  - Senior Analyst Old Mutual