A Blockchain Primer: Separating Hype from Reality

blockchain primer

Date: Wednesday, April 26, 2017

Who Can Attend: LSTA Members

CLE: *1 CLE Credit Hours available for Fresh York State Transitional and Non-Transitional – Areas of Professional Practice. The LSTA has been certified by the Fresh York State Continuing Legal Education Board as an Accredited Provider.

*1.0 CLE Credit Hours available for CA & TX (pending state board approval)

*The LSTA Offers CLE For NYS Webcast Attendees. This applies to INDIVIDUALS ONLY. You must personally join the webcast and reaction the questions via the broadcast in order to qualify. Group showings will not give CLE credit to any viewers but the individual whose credentials were used to join the webcast.

The LSTA was Pleased to Present:

A Blockchain Primer: Separating Hype from Reality

Over the last several years, blockchain and distributed ledger technologies have demonstrated the potential to revolutionize financial markets by enlargening efficiency, transparency, and data-security. The blockchain contains within it a verification process which ensures each participant in a transaction possesses the most up-to-date and secure unit of information. Governments, industry groups, emerging Fin Tech firms and traditional financial services companies are investing considerable resources toward exploring and developing blockchain technology across a multiplicity of financial services applications. However, widespread acceptance of blockchain technology will need to overcome complicated regulatory challenges, tho’ regulators have made it clear that blockchain technology is likely to play a significant role in the future of the financial markets. Financial institutions utilizing this technology can build up a competitive advantage in this trending space, but need to understand the regulatory challenges they face in order to maximize these advantages. Our experts revisited the basics of blockchain technology, introduced an overview of current regulatory and legal issues surrounding distributed ledger technology as well as how it may influence the syndicated loan market.

The session addressed, amongst other things:

o How distributed ledger and blockchain technology works, including the differences inbetween public and private ledgers and the benefits and limitations of each

o How distributed ledger technology can be used by financial market participants to increase efficiency, transparency, and data-security in the marketplace

o The current regulatory schemes in place regarding distributed ledger technology

o How U.S. regulators view the potential future of distributed ledger technology

o Tips for how market participants can utilize distributed ledger technology going forward

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