Emergence of Blockchain in Banking and FinTech: New Applications and Issues for Counsel
Leveraging DLT Platforms for Recordkeeping, Payments, KYC and More; Concerns With Regulation, Privacy, Adaptation
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will provide finance and lending counsel with an examination of current and potential uses of blockchain in banking and FinTech. The panel will discuss the advantages of distributed ledger technology (DLT) in cost-efficiency, cybersecurity and fraud protection, as well as the legal and structural concerns in implementation.
- DLT/blockchain explained
- Applications in banking and FinTech
- Banking records and transactions
- KYC (know your customer)
- Trading platforms
- Payments—bitcoin and other virtual currencies
- Issues with implementation
The panel will review these and other key issues:
- What is a distributed ledger, and how does it change the way transactions and information are documented?
- What are some of the current and proposed uses of blockchain in banking and FinTech?
- What are the advantages of DLT and blockchain as to data security, efficiency and fraud protection?
- What legal issues arise with DLT and blockchain that are not present with more conventional formats for transacting business?
Ralph F. (Chip) MacDonald, III
Mr. MacDonald's practice emphasizes securities, mergers and acquisitions, corporate governance, financial... | Read More
Mr. MacDonald's practice emphasizes securities, mergers and acquisitions, corporate governance, financial institutions (including REITs, investment managers, and broker-dealers), and financial products. He is a frequent speaker and author on matters related to financial and investment services and products.Close
Stephen J. Obie
Mr. Obie concentrates his practice advising multinational corporations and individuals on U.S. securities and... | Read More
Mr. Obie concentrates his practice advising multinational corporations and individuals on U.S. securities and commodities law compliance. He represents clients in enforcement investigations before the SEC, CFTC, and Financial Regulatory Authority. He currently represents Overstock.com and its financial technology subsidiary t0.com concerning their use of blockchain technology to trade securities, and also acts as strategic advisor to t0.com as it pioneers the blockchain technology space. He led the team that obtained the first ever effective registration statement that contemplates a public offering utilizing blockchain technology.Close
Ralph A. Daiuto, Jr.
Chief Operating Officer and General Counsel
Mr. Daiuto, Jr., is an accomplished attorney and business leader with over two decades of experience in the securities... | Read More
Mr. Daiuto, Jr., is an accomplished attorney and business leader with over two decades of experience in the securities industry, establishing and managing several broker-dealers and innovative technology companies and overseeing their daily operation, including legal, compliance, and regulatory matters. He is currently the Chief Operating Officer and General Counsel of t0.com, Inc. (“tZERO”), a fintech subsidiary of Overstock.com, itself a publicly-traded company. t0, is a world pioneer of Blockchain based technology. He is also the General Counsel of SpeedRoute, LLC and PRO Securities, LLC, both t0 subsidiary broker-dealers registered with FINRA & SIPC.Close
Deloitte & Touche
Mr. Maroz has over 15 years of experience designing and developing financial technology solutions. Dzmitry has actively... | Read More
Mr. Maroz has over 15 years of experience designing and developing financial technology solutions. Dzmitry has actively participated in the development of the loan market’s FpML standard and is a Deloitte Advisory Blockchain Fellow.Close