Cryptocurrencies & -Assets

The Impact on Commodity & Energy Trading Operations

Cryptocurrencies & -Assets

995.00 excl. VAT

Description

LEARNING OBJECTIVE

Understand the impact of cryptocurrencies and -assets on society and the business in general, as well as on commodity and energy trading more specifically.

PROGRAMME:

 

INTRODUCTION

o   Tutor introduction: Milan de Reede

o   Today’s programme

o   Poll to gauge current knowledge

  • What are people most interested in?
  • What do they see as biggest issues with crypto/blockchain?
  • What aspect of crypto/blockchain do they see as having most potential?


THE STORY OF CRYPTO

o   How did it start? Why is this relevant? Why was Bitcoin innovative?

o   Advantages and disadvantages

  • Efficiency
  • Cross-border nature
  • Decentralisation
  • Volatility

o   How does blockchain work?

  • Adding blocks
  • Decentralised consensus
  • Private keys and public keys

o   Demonstration of usage

  • Creating a wallet
  • Receiving a transaction
  • Sending a transaction

o   Developments in crypto as money

  • New consensus mechanisms
  • Energy usage
  • Speed and efficiency gains


BROADER DEVELOPMENTS

o   Crypto as digital ownership

o   NFTs: Non-Fungible Tokens (digital titles – title transfer of commodities)

o   Smart contracts


PRACTICAL USE-CASES

o   Supply chain transparency and security

  • Medicine (derived fom crude oil)
  • Commodities (NFTs & crypto make supply chain more transparent)

o   Tokenisation of physical assets

  • Fractionalisation
  • Liquidity

o   Asset settlement/trade processes

  • Eliminating middlemen
  • Speeding up settlement times
  • Saving on costs (lower fees)

o   International money flows

  • Country-independent financial network
  • Uptime & reliability

o   Central Bank Digital Currencies (CBDCs)

  • Digital update of cash
  • Interoperability between networks
  • Consequences for financing (borrowing & lending)


CLOSING
:
Issuing your own course certificate on-chain

 

Practical Information

When

Tuesday 4 April 2023, 10:00-16:00 (CET)

Where and how?

Online (MS Teams)

Price

995.00 excl. VAT

Bulk Purchase Enquiry

Contact us for more information regarding bulk purchases.








     
    Our Labels
    Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
     
     


    Content & Context

    Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

    www.entrima.org


    Conduct & Culture

    MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

    www.marketabusecentre.com