Navigating Consortium Challenges in Blockchain (Synchronous E-Learning)
About This Course
A key element of success in any blockchain or distributed ledger technology programme is collaboration between various ecosystem players that may or may not have a history of working well together. In applications such as trade finance, this can be incredibly challenging due to the number of participants involved as well as varied goals and objectives.
This in-depth course offers a comprehensive exploration of the complex world of blockchain consortiums, focusing on their formation, operational challenges, and the transition to commercial entities. Over the duration of the course, participants will delve into why companies, often competitors, come together to form consortiums, leveraging cryptological trust to collaborate effectively across borders and create scalable legal structures. Led by experienced professionals from the blockchain industry, this course will use real-life case studies to illustrate key concepts.
What You'll Learn
• Understand the strategic foundations of blockchain consortiums
• Gain insights into the creation of robust legal frameworks that can handle the complexities of multinational operations and expand seamlessly with new member additions, ensuring that governance is transparent and equitable
• Develop the skills to manage daily operational challenges that arise within blockchain consortiums, including maintaining privacy during reporting, managing finances effectively, addressing scalability issues, and setting appropriate pricing strategies
• Learn how to leverage marketing strategies such as the fear of missing out (FOMO) to attract new members, manage the balance between exclusivity and inclusivity, and maintain a competitive edge without alienating potential new consortium members
• Understand the pathways and challenges involved in transitioning a consortium into a fully independent commercial entity, including practical approaches to managing this shift and real-world examples from successful transitions
Entry Requirements
Participants must ideally have at least 3 years of work experience in financial services or foundational finance/payments industry knowledge.