ΠΕΡΙΓΡΑΦΗ

Smart contracts are a groundbreaking technological advancement poised to elevate the utilisation of blockchain. Introduced on Ethereum in 2015, smart contracts have fuelled substantial innovation across various industries. As computer programs that run based on predetermined conditions, smart contracts span various blockchain applications, decentralized networks, and automated blockchain operations. This underscores their versatility and potential for broad utilisation. While they demonstrate efficiency and utility across industries, smart contracts demonstrate incredible potential in transforming the traditional banking, financial services, and insurance sector. 

This programme will delve into the scope of smart contracts focusing on how they are used to fully materialise the prospect of blockchain and other distributed ledger technologies in the banking, financial services, and insurance sector. Smart contract standards will be discussed highlighting the most used. The programme will emphasise the transformative impact of smart contracts on financial instruments and payment means, banking and insurance products focusing on digitisation of assets, tokenisation, decentralized finance, decentralisation autonomous organisations, and decentralised applications. Furthermore, the programme will address the main future trends and opportunities in smart contracts shedding light to the developing relationship between smart contracts, Artificial Intelligence and Internet of Things. 

For this programme, a basic knowledge of blockchain is assumed. We note that the programme does not include training on programming languages or coding.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will:

• Acquire knowledge on the operation and nature of smart contracts
• Explore the relationship between smart contracts and distributed ledger technologies, including blockchain
• Understand the evolution of smart contracts starting from Ethereum and expanding to other networks
• Explore different smart contract governance arrangements
• Attain insight into smart contract taxonomy, particularly relating to financial assets
• Evaluate the use of standards in smart contracts
• Examine the use of smart contracts in finance focusing on tokenisation, decentralized finance, and decentralised applications
• Explore the legal and regulatory treatment and implications of smart contracts
• Analyse use cases
• Discuss the future trends and opportunities

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Regulatory compliance officers
• Risk Managers
• Finance professionals
• Financia and Business Analysts
• Financial advisors
• Banking professionals
• Insurance professionals
• Lawyers, legal advisors, and legal professionals
• Business Executives and Managers, including CEOs, COOs, CFOs, Directors, Seniors Managers
• Tech Industry Professionals
• Professionals interested in AI and IoT
• Supervisors, regulators, and governmental authorities
• Academics and Researchers

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Introduction to Smart Contracts

• Explain operation and function
• Evolution from Ethereum to current developments
• Relationship with distributed ledger technologies (DLT) 

Smart Contract Arrangements and Standardisation

• Explain governance arrangements in DLT and smart contracts
• Public v private smart contracts
• Smart contract taxonomy and categorisation – impact on financial services
• Role of standardisation in smart contract deployment 

Smart Contract and Law

• Legal and regulatory treatment of smart contracts
• Relationship between smart contracts and legal contracts
• Enforceability of smart contracts 

Smart Contracts and Tokenisation: Impact on Financial Services 

• Tokenisation process
• Categorisation of tokens: emphasis on security tokens
• Smart contract utilisation and efficiency in tokenisation
• Legal considerations 

Smart Contracts and Decentralisation

• Explain Decentralised Finance (DeFi) networks
• Evolution of smart contract use in DeFi networks
• DeFi networks, automation, and smart contracts
• Explain Decentralised Applications (DApps) and how smart contracts facilitate their operation
• Decentralised Autonomous Organisations (DAOs)
• Web3 and smart contracts 

Future Trends and Opportunities

• Interoperability
• Law
• Security
• DAOs
• AI and Smart Contracts
• Integration with Internet of Things
• Expansion to new sectors

Training Style 

The programme is designed to deliver high-level knowledge and insights into smart contracts and this technology’s transformative impact on financial services. It will strive to enhance participants’ skills and knowledge via lectures supported by power-point presentations and use cases. The training style is both training-focused, involving a combination of presentation and practical considerations, but also learner-focused, where participants are encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition 

This programme may be approved for up to 14 CPD units in Blockchain and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.