Understand how the public and private sector can work together to improve the financial system
Learn how digital currencies can improve your access to financial services
Build DeFi products interoperably with CBDC
COURSE OVERVIEW
Initially, the idea of a “Central Bank Digital Currency” (CBDC) was a rather obscure notion that garnered little attention. But the announcement of Facebook’s Libra project in June 2019 caused a seismic shift within the central bank community regarding CBDC. What was once an interesting “thought experiment” about the future of money, became an existential debate on the validity of the traditional payment system, as central bankers contemplated the challenge of competing against giant technology companies, with billions of dedicated users.
WHAT YOU GET IN THE CBDC COURSE
This course is ideal for anyone interested in understanding the potential future of money and how it will impact all of us. Whether you are a business owner, consumer, or software developer, everyone is affected by the various forms of money available. In this course, we will lay the groundwork for a better understanding of the current research and activity around CBDC.
The technology powering CBDC allows the money to be “programmed” in ways that are simply not possible with the cash we currently possess. This programmable nature could allow people to access financial services with a smartphone, anywhere in the world, closing the gap that has excluded more than 1.7 billion people from traditional financial services.
WHAT YOU WILL LEARN
By understanding how money currently flows (and is accounted for), you will explore new ways in which CBDC can help improve financial inclusion. You will not only learn the promising potential of CBDC technology but also the current roadblocks and challenges that lay ahead. The course will be focused on the answers to some important questions:
How do you define a central bank digital currency? What are the various forms it could take?
What are the possible ways that CBDC could be implemented? What is the role of the private sector in its implementation?
What are the use case scenarios of CBDC and can they help improve financial inclusion and support economic growth?
What are the potential implications that CBDC could have on the financial system?
How can we solve the potential issues regarding the interoperability of CBDC?
What steps need to be taken to remain compliant with current rules and regulations?
This training course is for you because...
You are a business owner or corporate executive and you want to understand how the private sector can work together with the central bank to improve the financial system.
You are a consumer and you want to know how this digital currency can help improve your access to financial services and products in a manner that is faster, cheaper, and more efficient.
You are a software developer who is currently building decentralized finance (DeFi) products and services and you are curious about how your solutions can be used interoperable with CBDC.
IN PARTNERSHIP WITH
COURSE CURRICULUM
1
Welcome to the course!
A message from the instructor
Download Course Presentation
2
Course Lessons
INTRODUCTION
CURRENCY CREATION
DIGITAL CURRENCY OPTIONS
USE CASES - SCENARIOS
USE CASES - PROGRAMMABILITY
CHALLENGES OF INTEROPERABILITY
COMPLIANCE RISK MANAGEMENT
QUESTIONS & ANSWERS
Final Exam
WHAT'S INCLUDED?
Bonus Material
Exclusive, in-depth interviews
with the world's top enterprise blockchain experts
Additional Lectures
Enjoy unlimited access to complimentary lectures and more practical blockchain knowledge
Join Online Events
Get exclusive access to our online events, such as live webinars with top industry influencers
WHY LEARN BLOCKCHAIN WITH US?
TRUSTED
STRATEGIC
PRACTICAL
WHO SHOULD TAKE THIS COURSE?
Consultants of financial services
Smart contract developers
Advisors and counselors of enterprise executives
Freelancers who want to diversify their competitive advantage
Learn from industry experts who will share their knowledge and experience with you
Partner, Head of Official Sector Engagement, CLabs
Ezechiel Copic
Ezechiel Copic is a Partner at cLabs Inc., working on the Celo platform, where he leads the company's efforts on official sector outreach and engagement. Previously, Ezechiel worked in the Markets Group at the Federal Reserve Bank of New York in a variety of roles.
Leads risk, regulatory and compliance matters at cLabs
Jai Ramaswamy
Jai Ramaswamy leads risk, regulatory and compliance matters at cLabs, working on Celo, an open source distributed ledger protocol designed to support the global development of financial tools for those on the margins of the financial system. Before joining cLabs, Jai was the Head of Enterprise Risk Management at Capital One and the Global Head of Anti-Money Laundering Compliance Risk Management at Bank of America/Merrill Lynch
What will I get in the Central Bank Digital Currency Course?
The Central Bank Digital Currency course is a masterclass with ample opportunities for flexible learning. The CBDC course is a trustworthy option for learners to gain insights into completely new technology. Tailored by industry experts with years of experience, the new Central Bank Digital Currency course on 101 Blockchains offers credible insights on the various aspects of CBDCs. The total duration of the course is around 90 minutes, which allows a flexible window for learners. The course also includes bonus material and additional lectures, as well as exclusive access to 101 Blockchains events.
Is there any prior requirement to learn Central Bank Digital Currency?
The 101 Blockchains Central Bank Digital Currency course is a perfect option for any individual interested in learning about central bank digital currencies. There are no mandatory prerequisites for taking this course. However, foundational knowledge of financial services and blockchain technology is a favorable factor to learn CBDC concepts easily.
Who should learn about central bank digital currency?
The CBDC course on 101 Blockchains is suitable for any individual interested in understanding the real-world applications of central bank digital currency. The ideal audience to learn central bank digital currency concepts includes Software developers who can learn CBDC for developing decentralized finance solutions alongside ensuring their interoperability with CBDC. Also, business owners and corporate executives can learn central bank digital currency for understanding the possibilities for the private sector and central banks working in unison for improving the financial system. Also, Consumers could benefit from this course by understanding the approaches through which digital currency can improve access to cost-efficient, productive, and faster financial products with this CBDC course.
Why should I choose the central bank digital currency course?
The central bank digital currency or CBDC course is a new approach for introducing digital forms of central bank money. As the demand for digital currencies gained momentum in recent times, central banks are considering the transformation of their currency into CBDC. You can capitalize on the expertise with CBDC to strengthen your resume as a blockchain professional.
How will the 101 Blockchains Central Bank Digital Currency course help me?
The 101 Blockchains Central Bank Digital Currency masterclass is reliable for developing an in-depth understanding of the possibility for the public and private sector to work together for improving the financial system. You can also develop your expertise regarding the role of digital currencies in improving access to financial services. Furthermore, learners could also gain practical experience and knowledge in developing DeFi products interoperating with CBDC. The CBDC course includes valuable insights from experts alongside the assurance of responsive support. With the right platform for seamless learning, you can also find the benefit of flexibility when you take the central bank digital currency course.
What are the abilities validated in the Central Bank Digital Currency course?
You will learn a number of things in the CBDC course, thus, will get validation of the skills such as the definition and forms of CBDC, implementation of CBDC, and use case scenarios -of CBDC. You will also learn about the potential implications of CBDC on the financial system, how to solve the potential issues regarding the interoperability of CBDC, and the steps to stay compliant with the current rules and regulations.
What are the modules covered in the Central Bank Digital Currency course?
The modules covered in the Central Bank Digital Currency course are- Introduction, Currency Creation, Digital Currency Options, Use Cases - Scenarios, Use Cases - Programmability, Challenges of Interoperability, Compliance Risk Management, and Q/A.
What are the features of central bank digital currency?
The features of central bank digital currency are classified into different categories. Here is an outline of the features of CBDCs in the various categories. Instrument features include Convertibility, Low cost, Convenience, Recognition, and availability. The institutional features include Standardization and a Strong legal framework while system features include Security, Resilience, Interoperability, Flexibility, Adaptability, Higher availability, Instant settlement, and Improved scalability.
What is the significance of the central bank digital currency course?
The recent shift towards central bank digital currency as a full-fledged concept has drawn attention towards its significance. CBDCs offer a flexible approach for central banks to enter the digital arena. CBDCs are the sole instruments that can help central banks in countering the arrival of tech giants in the domain of currency. Therefore, CBDCs are basically the hope of central banks for sustaining their operations in the long run.
What are the benefits of CBDCs?
The benefits of CBDCs include ensuring public access to legal tender in event of phased out cash, improved efficiency of payment systems, improved efficiency of cross border payments, a faster shift towards a cashless society, and countering the competition from privately issued e-money.
What are the core principles of CBDCs?
Central bank digital currencies are based on the following core principles - Innovation and efficiency, No harm to anyone, and co-existence.
What are the challenges in decentralized finance?
Decentralized finance also comes with a set of challenges like any other high-return financial product. Here are some of the notable mentions- the requirement for specialized knowledge for secure management of cryptocurrency tools, the responsibility of use in the management of their key, and following the multi-factor authentication process. You can also experience the requirement for users to have updated knowledge regarding changes in service terms across various wallets, crypto projects, and exchanges. Also, Decentralized finance users don’t have any benchmarks of historical data for review before implementing any investment decisions.
Will I receive a certification from 101 Blockchains?
No, you will not receive a certification from 101 Blockchains when you complete the Central Bank Digital Currency course. However, as a premium member of 101 Blockchains, you will receive a professional member certification, it is a global recognition that will validate and recognize your expertise in the domains of the training course.
Will I get expert support for my queries during the CBDC course?
Yes, our team of experts is available 24/7 to resolve your queries. You can also join our LinkedIn Community and connect with more experts and learners like you.
How would the central bank digital currencies course help me in my career growth?
Comprehensive fluency in CBDCs can help your career growth by preparing you for the lucrative job roles in decentralized finance. With a promising reputation of 101 Blockchains, you can be assured of the highest level of credibility for your future pursuits in a career with CBDCs.
