Overview Cryptocurrencies have existed for almost a decade following Satoshi Nakamoto’s original paper in 2008 which was quickly followed by the first bitcoin issued in January 2009. This course charts the development of cryptocurrencies from these early beginnings to the now near 2,000 current cryptocurrencies in existence at the time of writing. Much of this evaluation is performed in the context of the history of money. The founding principles of the underpinning Blockchain technology will also be introduced in a commercial rather than technical way, highlighting the disruptive innovations and the role they play, and will go on to play, in the new political economy. Recognising bitcoin as the tip of the iceberg, the course will explain the risks and rewards for investors, policy makers, regulators and businesses. An evaluation of the fundamental value for the birth of this new asset class will be established through historical innovation comparisons, behavioural biases and bubble dynamics along with the forecasting of the likely future winners and losers. The key digital assets, coins and tokens will be introduced along with their likely commercial applications and impact to society and taxation. Topics of discussion will include, but not be limited to: national voting; supply chain accountability and shortening; the creation of a new micro-transaction economy; and the ability to bring financial services to over two-billion people globally who are currently excluded from the financial system. Learning Outcomes By the end of the talk participants will be able to: Explain the creation of cryptocurrencies such as bitcoin under the wider enabling FinTech evolution and identify how they differ from fiat currencies Understand possible future scenarios regarding the possible adoption of cryptocurrencies Evaluate industry ‘winners’ and ‘losers’ in the event of wider scale adoption of cryptocurrencies Identify industry and policy examples Analyse the competing positions of central banks, regulators, governments and tax authorities with respect to cryptocurrencies Programme outline The birth of cryptocurrencies The history of money and linkages to The Financial Crisis 2007-2009 Comparison between cryptocurrencies and fiat currencies Quantitative easing Monetary policies Anonymity, tax treatment, transaction speed and costs The mechanics of bitcoin Supply Pricing Bubbles Historical bubbles Are cryptocurrencies a bubble? Cryptocurrencies today Leading coins Market capitalisation Types of tokens (equity vs security vs utility) Blockchain Internet of Things (IoT) Wisdom of crowds – a ‘bank killing’ technology? Current commercial examples FinTech A.I. & Big Data Cryptography Distributed computing Mobile computing Future Market size Policymakers Central Bank Digital Currencies (CBDC) MNC’s issuing their own cryptocurrencies The unbanked and the underbanked Challenges for taxation & accounting rules 6 CPD Hours available Please call 03300 603 799 for more information.
starting on 2018-11-20 09:30:00
Address:
Devonport House
Crewe
United Kingdom
