At a Glance
In this 1 hour introductory workshop at Collective Campus, you will receive an overview of blockchain fundamentals as they apply to banking business models.
- what is the blockchain?
- how might it disrupt banking?
- what are the opportunities?
Blockchain technology will have a much wider impact on the financial industry than payments alone. The shared public ledger has the potential to radically simplify banking itself.
The blockchain – or the ‘distributed ledger’ – is a record of digital events that’s shared between many different parties. It can only be updated after consensus from a majority of the participants in the system and, once entered, the information can never be erased. The blockchain therefore contains a certain and verifiable record of every transaction ever made, demonstrating that digital records can be held securely without any central authority.
A number of banks, including Citigroup, Barclays, and UBS Bank, are exploring blockchain technology for cross-border payments and plan to integrate it into their existing systems. Fintech startups such as Ripple and HyperLedger are also developing new ways to exchange data through blockchain technology.
While it’s likely to have broad potential, a few benefits are particularly worth highlighting:
- Security – The fact the blockchain ledger is distributed across thousands of computers means that hacking is almost impossible, reducing server maintenance requirements and improving security for banks.
- Transparency – The sender and the recipient of every transaction are recorded and all transactions are publicly available for inspection. The blockchain reveals how money flows around the financial system, and into which markets.
- Privacy – Users are anonymous and can move money around instantly and securely. This allows banks to save time and reduces costs on international transactions.
- Risk – No single authority has control, which means that if there’s a fault, the rest of the network will continue to function. Currently, if a bank’s system goes down, users are unable to perform transactions; using blockchain technology, the bank’s system would continue as normal.
Who Should Take This Workshop?
This workshop is developed for any banking professional or fintech startup with an interest in the blockchain.
Professionals interested in making themselves more attractive and getting involved in more internal innovation projects are can only benefit from taking this workshop.
Where To From Here?
- Blockchain Masterclass
What To Bring
- Pad and pen
- The right side of your brain
- Anything from suits and ties to jeans and Chuck Taylors! Innovation isn't dependent on dress code.
- Contact the team at email@example.com or (03) 9996 1257 to enquire about group bookings.
- Our workshops and classes can take place both on campus, on-site at your organisation as well as third party sites and events such as conferences.
About The Instructor
Steve Glaveski spent time working at both Macquarie Bank and Ernst & Young, where he consulted for numerous ASX50 and NASDAQ listed clients, before embarking upon his own entrepreneurial journey. He used lean startup principles to validate assumptions underlying his first startup, Hotdesk, which lead to a successful fundraising round, before growing the office sharing platform to almost 1,000 locations across AsiaPac.
He has since gone on to advise other early stage tech startups and is a co-founder of Collective Campus, sighting an archaic mentality of "the way things have always been done around here" as a key motivator for wanting to get into the space. Steve is also a regular innovation blogger, having written for Venture Beat, Startup Daily and Shareable in addition to independent publishing on LinkedIn.
When not immersing himself in all things business and innovation, Steve can be found hitting weights in the gym, cycling down Beach Road, catching a live band on AC/DC Lane or enjoying some smashed avocado on toast at one of Melbourne's many famous inner city cafes.
- What is the blockchain?
- How might it disrupt banking?
- What are the opportunities?
- Notebook and pen
- The right side of your brain
Anything from suits and ties to jeans and Chuck Taylors! Innovation isn't dependent on dress code.
Vendor sincce 2015
Open Innovation Hub where Startups and Corporates alike can Learn, Connect, and Innovate - together.
Offering short, high-impact classes and workshops on Lean Startup, Digital Marketing, Data Science, Design Thinking and Agile Methodologies.
Disrupt yourself, before someone else does.