Understanding Blockchain Technology: WEB3 Universe - From TradFi to DeFi

Day One

Course introductions

• Introductions

• Course expectations

• Course outline and objectives

Introduction on money

• Historical perspective on money

• Current monetary system

• Electronic money

• The internet disruptive nature and limitations

• The why of blockchains

Blockchain overview

• Introduction to the rules of the blockchain

• Concept of distributed storage

• Permissionless and permissioned blockchains

• Data storage + concrete applications

• Transfer of value + concrete applications

• Smart-contracting + concrete applications

• ICO’s, Dapps and DAO’s

• A vision on the future of blockchains

• The challenges of blockchains

• Conclusion

Workshop: Use-case ideation

Consensus mechanisms

• Proof-of-Work

• Proof-of-Stake

• Proof-of-Authority

• Other consensus mechanisms

• Hashing

• Game theory and network incentives

• Mempool, transactions and fees

• Forks

• Governance around protocol improvements

Wallets and exchanges

• Private and public keys, digital signatures

• Wallet types (security vs. convenience trade offs)

• Wallet features (multi-sign, time locking, etc.)

• Exchanges and Ecosystem overview

• Custodian implications

• Examples with transactions

• Advanced wallet structures (hierarchical, deterministics, etc.)

Tokens

• Token functions (payment, network, utility, security, incentives, physical asset representation, governance, status, access)

• Token standards

• Token issuance (ICO, vesting, etc.)

• Token properties (e.g. fungibility, supply-economics, standards, etc.)

• Stable coins (collateralized by reserves or commodities)

• Private currencies (issued by corporation and consortiums)

• Central Bank Digital Currencies (US, UK, Euro, Jasper, Ubin, Khoka) 2nd layer transactions, state chains, lightning networks, sharding, etc.

• Token use-cases and projects

• Framework for corporate projects

• Assessment framework when considering investment opportunities

By the end of the first day, the participants are equipped with the necessary technical knowledge to understand the working and potential of blockchain applications.

Day Two

Smart-contracts

• Historical perspective

• Paper contracts vs. smart-contracts

• Legal implications

• Considerations and limitations

• Examples and non-technical exercises

Oracles

• Trusted external data on the blockchain

• The three oracles types

• Considerations

• Examples

Workshop: use-case deep-dive and design

Major permissionless blockchain

• Presentation of the major permissionless

• Ethereum

• Cardano

• Binance chain

• Ripple

• Polkadot

• Solana

• Internet Computer

• Polygon

• Filecoin

Decentralized Finance (DeFi)

• Introduction to DeFi

• DeFi Ecosystem

• DeFi applications (borrowing and lending, yield farming, staking, decentralized exchanges, prediction markets

• Services, asset management tools and infrastructure

• Presentation of the major DeFi protocols

Major permissioned blockchains and service providers

• Corda

• IBM Hyperledger

• Ethereum private

• Quorum by JP Morgan

• Ecosystem overview (e.g. infrastructure, compliance, etc.)

Identity management

• GDPR scope and sensibilities

• Specificities related to permissionless or permissioned blockchains

• Identity requirements

• Public identities

• Revealing your identity to some parties while hiding it to anyone else Links with the wallet section.

• Case studies and examples

Regulatory aspects

• Regulatory concerns and risks

• Financial stability, investor protection, financial integrity

• Regulatory approach and evolution

• Token classifications

• FATF / AML 6.0. guidance

• Implication for ecosystem players

• Case-studies and examples

Business

• How blockchain introduces a new, more horizontal value paradigm How blockchain allows the creation of new ecosystems or changes the way existing ones operate Consortiums and networks (e.g. R3, Ethereum Enterprise Alliance, etc.) Key points to consider before validating a use-case

• Business impacts and considerations

• Value to stakeholders

• Key drives for project success

• Project approach

Toolbox

By the end of the second day, the participant should be able to assess whether or not a given use-case is a good use-case for blockchain, identify the strategic and operational impacts to consider, as well as devise a roadmap towards implementation.