TIME |
AGENDA |
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09:00 – 09:10 |
Opening Address by Conference Chairman |
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09:10 – 10:00 |
Making Blockchain a Reality in Banking |
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- Context & understanding why is blockchain technology a major topic
- 5 essential principles of blockchain functionality
- Introducing 3 stages to a crypto-economy
- Use cases under consideration – what are banks doing with blockchain?
- Our beliefs regarding the blockchain discussion, and why you should be experimenting now
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Speaker: Philip Gomm, Banking and Capital Markets Leader, Capgemini
Philip is a Director and the Banking and Capital Markets Practice Leader at Capgemini. Phil works with the senior executive of our banking clients to assist drive technology enabled strategic change. He is deeply familiar with today’s digital transformation agenda. Together with his core banking transformation skills, Phil has globally recognized expertise in payment and payment related systems, and has worked for leading IT professional services organisations including IBM and PwC, where he consulted across multiple Tier 1 Australian Banks and local and international FS organisations. He has held senior technology business engagement roles for both NAB and Australia Post. Today Phil focuses on the Fintech sector and new and emerging disruptive technologies.
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10:00 – 10:50 |
IBM Global Financing Case Study: Using Blockchain to Minimize Disputed Transactions and Overcome Market Friction |
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For centuries market friction such as imperfect information, interaction and innovation has been the greatest barrier to wealth creation and is estimated to be costing global and local business billions of dollars due to a drag on efficiency. IBM Global Financing, a channel financing operation that spans a worldwide network of more than 4,000 suppliers and partners, is using Blockchain technology to resolve and reduce disputed transactions, historically in the order of 25,000 each year, which previously tied up around $100M in capital at any given time. IBM’s implementation of a distributed ledger for its business networks, based on blockchain technology, eliminated these frictions and transformed the way in which businesses work together and people interact. With everything in potential flux, from banking and airline reservation systems to social security and interactions with the department of motor vehicles, IBM is working with clients to explore how they too can leverage the benefits of blockchain. Dee McGrath, Vice President, Financial Services IBM Asia Pacific, will explain why IBM is investing so heavily in this disruptive technology and building out an ecosystem of partners and clients to rapidly advance the adoption of distributed ledger technology across industry.
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Speaker: Dee McGrath, Vice President, Financial Services, APAC, IBM
Dee McGrath is Vice President of Financial Services Sector in Asia Pacific. She is responsible for the strategy, capability and execution of Financial Services business across 12 countries focusing on helping clients in banking, wealth, insurance, payments and capital markets integrate IT with business insight to create and deliver value for their customers and shareholders. Dee has worked with major banks, insurance companies and regulators throughout Asia Pacific over the course of her career in financial services. She has led business strategy and operating model transformation and merger integration, as well as guided the development and management of very significant global client relationships.
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10:50 – 11:20 |
Morning Refreshments |
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11:20 – 12:00 |
Roadmap for Successful Implementation – Reducing Costs with Blockchain in Equity Capital Markets |
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- The reality for large firms adopting new market infrastructure technology and a discussion on whether an Uber moment could evolve within Equity Capital Markets.
- Pre conditions for conversion and the cost benefit analysis.
- Does the pathway need to be global to succeed?
- Winners and losers are likely to emerge and then the lobbying for the status quo begins.
- Driving to an outcome will require firms to align to allies in the competition for success in Blockchain adoption.
- Who are the early adoptions in Equity Capital Markets- could conversion be retail or buy side lead?
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Speaker: Danielle Henderson, Former General Manager, Clearing Services, ASX
Danielle Henderson is a financial services professional with over 15 years experience in global markets post trade. In addition to senior leadership roles providing market infrastructure, Danielle has worked on client side in Prime Brokerage, Clearing, Settlement and Securities Services driving service delivery, strategy and innovation. She has worked in and covered Asian, European and Australian markets. In her recent role as General Manager Clearing Services at ASX she was responsible for Customer Forum engagement and spearheading industry change to a T+2 Settlement cycle. She has a deep understanding of Australian Capital Markets and strong industry relationships.
With a background that also spans working with Bank of America Merrill Lynch, BNP Paribas Danielle has expertise in regulated, market and volume driven businesses and understands the necessity to manage capital and risk. These businesses are also technology platform dependent requiring scalable and cost effective operating structures, which informs Danielle’s commercial perspective on the management of infrastructure businesses.
With this understanding of front to back securities processes she is currently exploring the impact of distributed ledger technology and blockchain in capital markets post trade. |
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12:00 – 13:00 |
Lunch |
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13:00 – 13:40 |
Panel Discussion: Driving Efficiency, Transparency and Security with Blockchain in Capital Market |
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- Rationale, benefits, costs and other considerations for developing blockchain applications for the capital markets
- Implications on costs, organizational structure and the wider industry
- What should be the model for adoption in the capital market?
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Panelists:
Danielle Henderson, Former General Manager, Clearing Services, ASX |
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13:40 – 14:20 |
Digital Identity Solutions: Utilizing Blockchain for Improved AML and KYC Capabilities |
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- Pertinent issues currently surrounding “identity” and the use of blockchain as a secure storage for a vast array of data types
- Case study: How UNICEF could encode DNA of new born African children onto a blockchain, thereby providing them with an immutable record of identity
- How to secure such personal details via biometric, sound and various 2FA passwords to allow the growth the global trust machine
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Speaker: Jonathan Ewing, Co-founder & Blockchain Solution Architect, Bitto NZ
Jonathan is a nominee for the 2016 Innovation NZ Awards, for work on strategic thinking for large scale power network diversification towards blockchain mining operations, time shift mining and side chain processing – a multi million dollar national savings initiative to put New Zealand on the global cryptocurrency map.
With 18 years ICT experience, he has focused on enterprise solutions, information design, technical analysis and knowledge management and has worked for major brands throughout wider Asia, Australia, the Middle East & Europe. A solid backstory for a fintech solutions specialist.
As an early Bitcoin miner and investor, he understands the complexities and technical aspects of disintermediation and the truly decentralized opportunity that abounds within the Bitcoin protocol. He has a deep knowledge of data systems, disintermediation rationale, smart contract technology and future enterprise applications using the blockchain.
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14:20 – 15:00 |
Standards and Regulation: Is It Premature to Discuss Now? |
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- Current Outlook for Blockchain Standards and Regulation
- Proposed Standards
- Will Standards Encourage or Limit the Development of Blockchain Applications?
- What are the Implications of Regulatory Constraints on Application Development?
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Speaker: Dr. Bronwyn Evans, FIEAust, FTSE, CPEng, Chief Executive Officer, Standards Australia
Dr Bronwyn Evans is CEO of Standards Australia and has previously held positions as Deputy Chair of The Warren Centre for Advanced Engineering and member of the Centre’s Finance and Risk Committee, Chair of the Medical Technology Association of Australia Board and Chair of the National Board of the Centre for Engineering Leadership and Management. In 2014 she was awarded the Engineers Australia President’s Award. In 2014 and 2015 was recognized as one of Australia’s 100 most influential engineers in 2014, and in 2015 was acknowledged as one of Australia’s Knowledge Nation 100. Currently, Dr. Evans is leading Standards Australia in developing the first international Blockchain standards. |
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15:00 – 15:30 |
Afternoon Refreshments |
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15:30 – 16:10 |
When is a Smart Contract (and Other Blockchain/Distributed Ledger Applications) Not So Smart? – An Examination of Key Legal Considerations |
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An examination of the key legal tips, traps and other considerations when developing and using Smart Contracts and Blockchain and other distributed ledger applications, including:
- Meeting contract law and evidential requirements
- What are the privacy concerns?
- What are the confidentiality concerns?
- Additional issues for APRA regulated financial services entities
- Insurance contract limitations
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Speaker: Alec Christie, Partner, Digital Law, EY
Alec is a partner in the Digital Law (including Data Privacy) team at EY with over 26 years’ experience. He has a diverse cross-border Asia Pacific practice with an emphasis on solutions in the areas of data privacy/cyber security, information (including Big Data analytics and IoT), e-health, e-commerce (including online marketing), Blockchain, smart contracts and distributed ledgers, Cloud computing, sourcing, open source software and commercial IT and IP.
Alec is described by Chambers Global – The World’s Leading Lawyers for Business Guide as ‘superb…. a genuine regional expert’; by Asia Pacific Legal 500 as ‘probably one of the best lawyers in his field’ and ‘a Cloud computing and data privacy expert’ and ’is brilliant on software licensing … has a wide knowledge of IT/IP issues both in Australia and globally’; and by Leading Lawyers as ‘a sought after IT lawyer in Australia, he’s a highly pragmatic professional who assisted us in getting a very commercial result’. The Australasian Legal Business Guide to Technology, Media & Telecommunications notes Alec as ‘the primary partner mentioned for IT work, and… highly regarded’.
Since 2013 Alec has been selected as one of the Leading Information Technology lawyers in Australia (and the world) by Who’s Who Legal and described as a ‘distinguished practitioner… lauded by clients for his excellent advisory work in… privacy’. Alec was also recently recognized by BestLawyers Australia as one of the best outsourcing lawyers in Australia.
Alec has been appointed to the editorial board of and is one of only three Australian experts for and to Data Guidance’s online ‘Global platform for data protection and privacy compliance’ and the only Australian on the editorial board of the global journal e Health Law & Policy published by Cecile Park Publishing. Alec has also been appointed by Bloomberg BNA as its country expert/editor for Australia for its new online global data privacy and security offering.
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16:10 – 17:00 |
Regulatory Question and Answer Panel |
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Blockchain innovation requires a level regulatory playing field where there is certainty of regulatory requirements and no unintended regulatory restraints on new models that may offer better ways to achieve policy goals. This panel will discuss priority areas for regulatory reform that will achieve genuine technology neutrality and allow blockchain innovation to proceed.
- Regulatory trends and timeline
- How will virtual currency and blockchains be regulated differently?
- How does existing regulations for securities and derivatives apply to virtual currencies as a type of financial instrument?
- How does existing regulations apply to blockchains – as an alternative trading system?
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Moderator:
Nicolas Giurietto, CEO & Managing Director, Australian Digital Currency & Commerce Association
Panelists:
Alec Christie, Partner, Digital Law, EY
Dr. Bronwyn Evans, CEO, Standards Australia
Tessa Hoser, Non-Executive Director & Consultant, Norton Rose Fulbright
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17:00 – 17:10 |
Closing Remarks by Conference Chairman |
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17:10 – 17:15 |
Closing Remark by Conference Producer |
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17:15 |
End of Day 2 |
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