Oxford Blockchain Strategy Programme – Webinar with David Shrier

CAREER ADVICE   |   5 minutes  |   June 22, 2018

The Oxford Blockchain Strategy Programme presented in collaboration with Saïd Business School, University of Oxford offers you decision-making tools in order to discover how blockchain technology will affect your business strategy.

Preparing for the Future of Blockchain

Learning from global blockchain authorities and industry leaders, you’ll be provided with the necessary frameworks to build blockchain into your long-term business strategies, allowing you to prepare for the blockchain revolution. The programme is presented entirely online with opportunities to engage and collaborate with an international cohort of like-minded business leaders.

A Live Q&A with David Shrier

Programme Co-convenor, David Shrier, addresses a number of questions relating to the programme in the video below. He emphasises the flexibility of the programme in terms of manner in which blockchain can be applied to a multitude of different practices. Shrier describes the heart of the programme as building a capstone project in which blockchain strategy is applied to a real-world problem. In this one-hour webinar, Shrier also discusses the content covered in the programme, the time commitment required, and the opportunities for collaboration.

To gain a deeper understanding of the ways in which the programme functions by focusing on frameworks that can be applied in an abundance of contexts, watch the webinar recording below.

Upon successful completion of the programme you will receive a certificate of attendance and the opportunity to implement blockchain strategy in your area of expertise. Register for the next presentation of the Oxford Blockchain Strategy Programme.


Transcript

Click to view the complete webinar transcript.

Hello, can everyone hear my okay? Thumbs up if you can hear me.

Alright, great, so it looks like, yeah that was because I had this open on my, my laptop for, if you heard an echo.

Good. Thank you and greetings from Cambridge, Massachusetts. I just got back from London, and heading back over there in a couple of days, but, but at the moment I’m sitting here across the street from MIT and down the road from Harvard in the palatially appointed offices as you see of my start up company, Distilled Analytics.

So thanks for signing in for our live webinar on Oxford Blockchain Strategy. For those of you, I think all of you know, this is a six-week programme that we offer through the Saïd Business School at the University of Oxford. We’re launching it next week. And, the Oxford Blockchain Strategy programme is intended to give you decision-making tools and information so that you can figure out what you want to do around Blockchain. Whether it’s enterprise Blockchain, integrated into your organisation, or it’s consumer Blockchain and you know you want to launch some great new crypto currency, or some other application like crypto kiddies, you name it, really.

So, you’ll typically spend a fair amount of time per week on this programme. It may be 12 to 15 hours per week, but what I like to tell people is you get out of it what you put into it. You know, when taking this programme, you are investing in your career, and your professional development.

So this is an opportunity to decide, you know, how important is that for you, and and how much do you want to receive as a benefit from the programme. That will be entirely driven by how much you put into it. By the way, I’m going to be referring over to my, my laptop periodically, in case you see me looking away, because that’s where we have our notes written out here.

So upon completion of this programme you’ll receive a – successful completion, you do actually have to pass it – you will receive a certificate of attendance from Saïd Business School at the University of Oxford. If you look on LinkedIn for our fin tech programme you’ll see a bunch of folks had posted their certificates from, from our first run of Oxford fin tech, which a different programme. This’ll be the first instance of Oxford Blockchain Strategy, and we’re very excited, we have an incredible group of instructors, and, and, industry experts who are conveying state-of-the-art tools and knowledge for how to deal with the Blockchain revolution.

I also encourage you to take a look on the Saïd Business School Twitter account and YouTube channel, and LinkedIn, we are having various interviews show up. I’ve been interviewed now twice by the BBC about different applications of Blockchain. They’re nice little podcasts you can take a look at as well.

So with that, let’s dive in. There are a bunch of questions people have posed. If you have additional please don’t hesitate to put them in the comment section, and the team at GetSmarter and 2U will up end them to the end of the list. So let’s get to it.

Alright, first question is from someone who’s working with an organisation to set up an ICO and will of course whether an ICO is the right option, and if it is, how can it be designed and implemented. Well, we’re certainly going to touch on ICOs in this programme. It’s not our place to tell you whether or not it’s a good idea, but we are seeking to provide you some context, and to provide you some information around what’s going on with ICOs in the market, so that you can decide if it’s the right solution. Our goal in general is to follow the old adage, not to give a man or woman a fish, but rather teach someone to fish.

And so we are hopefully going to let you hook a really big self fin through this programme. So, you’ll figure out whether an ICO is the right choice based on what you learn through the programme, but that’ll be your decision. After completion of this strategy programme, what job categories can I look to put my knowledge into.

We’ve designed it. We’ve designed it so that’s the next question. So, we’ve designed this around and I’m going to take one question out of order, because it’s an important one. I saw it come up and said, so you’re not teaching us how to programme? It’s called the Oxford Blockchain Strategy programme, for a reason. It is not Blockchain programming. It’s not Blockchain technology.

This is primarily for either business leaders, who’re trying to figure what to do with Blockchain, or technology leaders, technical leaders who want to understand how Blockchain works, in context. So how what they’re producing is used or entrepreneurs who want to build the new Blockchain business, and want to think through the implications around that and how to, how to sort of prepare for launching their company.

It is not a solidity programming class. I think there are a number of companies that are offering the mechanics of solidity, or theory, or other kinds of Blockchain. That is not our role. Our role of Oxford Said is to help you think, about technology disruption in context. And that’s what we are doing.

Okay, so after this programme the job categories to look at, I mean our intent is that, we want to make sure that these frameworks and exercises and tools we’re providing you can be applied in many different areas. So, our intent with this is that you can put this knowledge to work, whether you are in a legal or advisory services or technical or management role. What you’re getting out of it is one, you’re hearing from some of the top people in the industry, what’s going on, and what they’re doing in Blockchain. And two, you’re hearing from Oxford Said faculty about how to think about technology disruption, and what decisions can you make based on being faced with something as disruptive as Blockchain.

So our theory is that you can put this stuff to work in many different categories. What are the payment options, the programmes, other scholarships on offer? In terms of payment options, I ask you to speak with the GetSmarter, on boarding and registration team. They’ll be able to help you figure out different payment options, but there are full pay and multi-pay options. Are there scholarships on offer? Unfortunately, this is a very expensive programme to deliver. Part of why we are 1800% more successful in terms of how many people start versus how many people finish our online programme, part of why is because we spend a lot of money in having an entire team focused on your success.

So we have a group of people working with you ranging from success managers to tutors, to the course instructors, programme instructors, and so that’s not cheap to put on, which means we can’t just add another person for free. It costs us a lot of money to deliver this programme. And, and so we are not at present in the position to offer, scholarships, unfortunately.

What books do you recommend reading in preparation for the programme? You know, I’ll answer that a couple of ways. There are, there are a lot of books that have been written, but not a lot of books that are very happening with Blockchain, and about Blockchain strategy. I can recommend, I put together a book called, Frontiers of Financial Technology. I see that the camera’s reversed, but it looks kind of like this blue colour if you look it up on Amazon, which the, which the first three chapters are about Blockchain, and Blockchain strategy in particular.

So, that’s one resource, you know there are a lot of articles that have been written, and you could look at my LinkedIn profile, because I blog pretty frequently. We’re going to be migrating that to a micro-site shortly, but there may be some things there to look at. And of course I recommend people look at industry resources like coindesk.com, which is a great, sort of industry digital site that talks about things that are going on.

But those are some ways that you can could help yourselves prepare., if you really want to go for the, gold star on your report card, there’s a wonderful strategy book called “Outthink the Competition” by Kaihan Krippendorff. and and so, Outthink the Competition is a strategy framework that we refer to in the programme.

Let’s see, how will Blockchain and tag, or tangle change space in Blockchain technologies? There are, at least a thousand new protocols that have been proposed in the last year. So, I’m not going to dwell too, deeply into any one individual protocol. You know. I’ll put them under the category of a lot of people, including the folks I work with, had been struggling to come up with ways to address questions of security and data management. In fact, not to keep pushing books but we have spent a lot of time thinking about this. Trust Data is a book where we propose the secure multi-party computation with secret sharing, as a method for sort of transformational change of Blockchain and data storage.

I think, I’ll lump all those together by saying a lot of folks are thinking of this question of how do we store secure and govern data on the Blockchain, particularly when we get into sensitive personal data? So I just testified yesterday to the European Parliament, their new proposed Blockchain legislation. And one of the questions that came up is, you know, if you put your health records on Blockchain, how do we really know it’s secure? And so things like craft chain, some of the see other loosens, helps address this challenge of cryptographic security for, for data management, but I expect we’ll see others.

Okay, I’m a lawyer focused. Next question. I’m a lawyer focused on the technology sector. Is this programme suitable for me? The answer is yes? Will the top end of smart contracts be addressed? Under a legal perspective, we will touch on that. Smart contracts are a bit of a misnomer. You know, because I know what you think they mean. It’s not what you think they mean. So smart contracts refer to effectively a form of distributed application. Right? So, this is something that, that will automatically execute in a network fashion, it is not a legally binding contract between two or more parties.

You could create a smart contract that is a legally binding contract in certain domiciles., we will briefly touch on this subject. But this is not a, this is not a class about law. So I want to make sure that I’m very clear about this. We touch on policy. We talk about policy a lot. We talk about policy in fact in that Frontiers of Financial Technology book, with 60-page chapter on policy, how it relates to Blockchain, but smart contracts are not in fact, contracts. That’s an important distinction.

But just learning that is just a great example of one of the things you’ll learn in the programme. Okay, how are Blockchain crypto currencies secured from being hacked? I’m moving on to the next question. So, so the answer is, some of them are, and some of them aren’t. Blockchain is a technology, crypto currencies are an expression of technology. So, so there’s nothing intrinsically built to them that prevents them from being hacked.

If you take off the shelf epherium and you try to make a crypto currency with it, you need to put in place proper security. So, this is a really important point, because a number of ICOs and, and other you know, sort of, efforts to raise funds through Blockchain, have been hacked, because people did not put in place good security. And one of the most famous, was one of the earliest ones, the Dow, who distributed for autonomous organisations. So that group was hacked, with 15 million dollars was stolen, and the whole thing was blown up, because they did not put in place good security, even when several people pointed out the security hole in their system.

How can I build a career using Blockchain? I think what you mean by this question is how do you, I build a career in Blockchain, and the answer is there’s nothing magic about Blockchain, versus other new technologies. It is very early days in the adoption and understanding of Blockchain, which means there’s a lot of opportunity to take a career switch from some other background and getting to work at another company that uses Blockchain, or into a Blockchain company, or start a Blockchain company. careers in Blockchain is sort of slippery, it’s kind of like how do I build a career in C++? Well, you don’t build a career in C++. You build a career as a, a, a software engineer, or as a product manager, or as a salesperson, or as a bus dev executive, or as a CEO. And so Blockchain is another fantastic tool. By the way, I apologise if there is some buzzing noise that periodically shows up in the background. They’re doing some construction in my office building, which I did not know about. And so it’ll periodically be going off as we go through this webinar.

Alright, will this programme equip me with the tools to build a Blockchain strategy within an NGO space? More precisely, the UN Red Cross? As part of the course, do I get to design the strategy as a thesis? The answer is, absolutely. The CAPs stone deliverable of this programme, this is what you’re going to get out of this programme me, is that you work in a group, or, although we don’t recommend it, it’s possible to work solo, but you work to build a Blockchain strategy. So, you’ll walk out of this with not just frameworks and tools, but an actual strategy that you’ll work on with a team.

So if you can convince your team to do it around the UN or Red Cross, which I think a lot of people will find interesting, then that’ll be this strategy you will work on. You also can choose to work alone we do not recommend this because you learn the most by working in a team. But, it is possible. Okay, what’s the risk of fraud by the people who manage the Blockchain currency, and what is the safety for covering value if it is taken from your account if it is taken from your account without authorisation?

So this is a tricky question. The risk of fraud is high if it has not been otherwise engineered out of the system. Therefore, you want to do your diligence on who the people are offering that crypto-currency. So, the most notable thorium, then the Dell hack occurred and fifty million people ETH were stolen, at the request of everyone involved, came in forked a thorium, and made the fraud stuff essentially useless or worthless. He did that in the very best interest of the community, and everyone involved, but that meant one person had control over the system. It’s harder to do that with bitcoin, which is why there is now two flavours of bitcoin there’s Bitcoin, and Bitcoin Cash and so, you know, you just, if you are technical, you need to look at not just the whitepaper, but the code to make sure that there are no backdoors that someone can take control.

If you’re not technical, you have to go on trust in terms of trust of the pedigree of both the individuals and the advisors. I’ve written an article in Forbes about ICOs, which you can look up, if you look up Google mining, Forbes and ICO. I think we called it, you know, gold rush, or fool’s gold, something like that. But, you know my, my summary is at least at this point, you need to make sure that the people who are doing the ICO are credible. That’s just about your only protection from fraud.

Will you grade the knowledge of the participants, and share reports by their participation in the programme me, assignments and quiz results, if anything, you will be graded, you will receive the grade. That’s not going to be shared with other people., and you’ll get benchmarked, so you sort of have the sense of how you’re doing relative to others. Something I will note, we grade with the Oxford grading system, which means it’s a European grading system. In European grading system, 50% or better is a passing grade, you’re not going to get a transcript, with like letter grade on it. When you complete the programme successfully, meaning you get 50% or better on all of the assessments, you get a certificate.

There’s no difference between an 80%, someone who gets a 51%, they both get the same Oxford Blockchain strategy programme certificate. The, the grade is strictly for your own edification to help you understand, diagnose where you understood something better, and where you, you know, need to spend some more time. I mention this because people who been raised in the American system are used to a system that has tremendous grade inflation. Where the American system I know many MBA students who think, ah, less than a 90 would be furious and go and complain to the Dean, you know, so on and so forth.

So the American system and anything below a 70 is usually not viewed as acceptable. In the European system, it’s anything 50 or above is considered a passing grade. Okay, will we will discuss the core concept directly from the instructor in a one-on-one session, if required? Well, sort of. So recall that we are going to have about a thousand people taking this programme. I unfortunately do not have the time to talk to every one of you one on one. I regret that, but that is the nature of the beast. You will have a mentors, tutors, who will be answering questions in, the online forums, I’ll also do webinars and some of the other instructors and some of the other instructors will do webinars where you can submit questions in advance.

Then we answer them. And we hold a contest for, sort of, the best, best, the highest grade in the class, and the, and the winners of that do get a one-on-one, time with, you know, one on one time with me. But we unfortunately do not have time for one-on-one conversation with all thousand people. What we do find, though, is that you learn from each other in the, in the online forums in group discussions, in live face to face meet-ups, it’s usually a lot more valuable than anything I can tell you. With that said I wish I could talk to all you one on one, I can’t. But we have put in place mechanisms so you get a lot more personalised attention than programmes where you do in a typical online programme. So, everyone of you will have a success manager who will stay in contact with you making sure that you keep up with a programme every single day you’ll get email you get messages and as I said we do have tutors, and instructors. I saw the question come up again about how many people are taking it. we should be about 1000 folks. you’ll be divided into groups of roughly 100, which helped with small group discussions, and then within that, your team, your Capstone will typically be like four or five people.

Okay, does the programme cover the implications of Blockchain on sustainability on energy sector in particular? We’re deliberately not going into Great depths into any one specific subject matter of Blockchain. We’re providing We provide general purpose tools and frameworks. And then if your group, you’ll remember what I said about the Capstone, if your team for the Capstone decides that you want to work on sustainability and energy then that is what you will go into depth on, and that is what you will sort of get a lot of knowledge on.

I should also mention that, that I have written a white paper on this with Deloitte. So if you Google my name, Deloitte, and energy, it was focused on more oil and gas, but it does at least touch on the energy sector. There’s a lot out there on sustainability and Blockchain. so this gives you reach resources in order to be able to you know, have the information you need to do your Capstone project.

Okay, I’m just start of glancing over the comments. I see some people asking about you know is it really entirely online, or is it in person? I’ll just mention, although the programme can be completed entirely online, we tend to find people in major cities certainly, but anywhere want to meet in person. So we tend to get these meet up groups organised city by city around the world. So we’ve seen worse with our fintech class, which we’ve now Run six times. there were very robust meet up groups and places, ranging from you know London to Zurich, to Hong Kong, to Singapore, to you know all over the world. So, we certainly encourage you to form a group for your city, and we’ll provide you some mechanisms to engage around that in the online forum which launches next week.

Okay, as someone who is actively involved in developing Blockchain strategies at a high level, I hope to achieve a read across from 35,000 feet ground level. Are we pooling experience and knowledge from participants and faculty? The answer is, yes. So, I will mention, you know, not only have we got a broad range of experts in the programme we will provide perspectives from many different points of view, but also, you know, as deeply as you want to dive down the Rabbit Hole of the online forums that we are setting up for the class. You will be able to hear what people are saying and asking. And this goes back to what I was saying earlier, of you’ll get out of this what you put into it. If you put more hours in, spend more time interacting with your fellow students from around the world, I don’t have the exact count in front of me, but I recall we have people registering from over 90 countries. And, you will be able to sort of see what they’re saying, and make your own contribution.

So, I do think this will give you a read across, if you invest the time to look at what people are saying. In addition to covering the core expertise of Blockchain, will the course, it’s programme, by the way, not course. Will the programme offer any real world experiences into the commercial world? I will argue, yes, because the way the programme instruction is that in addition to the sort of knowledge and interviews and tools we provide you, you build a Capstone project. That is the heart of the programme. We have found over decades and decades of cognitive research that project based learning in teams is the most effective way to learn. We learn best from each other.

And so we have created an environment and a pedagogical framework where you are going to work on something that is applying Blockchain to a real world problem. And, then, you know, sort of seeing what solution you come up with. And so we believe this will be an excellent stepping stone for the commercial world. You will be able to say things in interviews like, well, I thought about the problem of let’s just pick an example from these questions of how to apply Blockchain for managing carbon credits in the India region, and here’s what we decided would be the best way to go about that.

So you will be able to get very specific and very tactical but also very strategic at a very big picture. And all in six weeks.

Will the technical aspect of decentralized Blockchain systems be covered in the programme? So, I’ll go here is to give you enough knowledge about the technology that you are able to understand it from a management point of view. So we are not teaching you how to programme solidity thorium. We are providing you with information about what is a merkle tree, and why is this important. And what is a cryptographic hash, and what is a block, and why does block size matter? You know, why is it important to know those things? So You will learn the key terminology. You’ll also hear about how people are applying Blockchain technology, different work examples of a variety of folks, entrepreneurs, executives, others, investors, who are helping shape the Blockchain eco-system globally. And then you will get strategy frameworks for how to deal with disruptive innovation like Blockchain, and what you should do. So you will not only understand the framework of how to deal with Blockchain in a particular application area, but also then you will build something that you will be able to use as you leave the programme me. You know, a strategy document that said how we are going to approach things. So, just checking the time, it looks like we’re about halfway through, roughly. So, I will now turn to the new questions that have come in since we started.

Will the university claim, by the way, I just want to emphasize again, if you haven’t got the course info pack, please either download it, or ask someone from GetSmarter admissions team to help you with that. Will the university claim any IP rights to the strategy we develop? The answer is no. Your strategy is your strategy. I will mention that if you have something but you view as confidential, don’t share it with us. we are not going to publish your stuff, but your comments on the online forums will be shared with the other students, because you’ve all looked at each other’s comments in the forums. The ideas that you come up with will be reviewed by, by, GetSmarter and our Oxford personnel, and so if you’ve got something secret, the best way to keep it secret, is to not tell anyone. But are we going to claim any IP rights? No we are not. And we are not going to publish your report to the broader general public without your permission, of course.

After this programme completes, will I be able I be able to change my company strategy based on Blockchain technology? Or will I have to go deeply through another course? Our hope is that at the end of these six weeks you will be able to shift your company strategy around Blockchain. You get out of it what you put into it. So, that is important to note and with that I would just say, yet you will certainly have the tool to be able to do that.

Within six modules over six weeks, how realistic is it to actually create a strategy for our parent organisation? What kinds of input is actually required from organisation resources? Well, six modules over six weeks’ times 15 hours a week, is a lot of hours going against strategy. You know, and as I sit here about to offer you, you know, 90 hours of instruction on block chain strategy, I will tell you what a mentor of mine told me. So, Mark Lowthall was the CEO of Revlon Europe, and he was the president of Almae, who do you eat from 10 million to 100 million of revenue, and he’s been a very successful consumer product executive.

And Mark used to tell me, I spend five minutes a year on strategy, and the rest of the time I focus on execution. I’m not saying that is what I personally do, but the ratio is one that is good to keep in mind, that I think 90 hours of both strategy frameworks and then developing a Capstones project and shaping it in a particular direction is ample time to have something to walk around your organisation. I will say of cause that when you do that, you will get feedback from your organisation that will get you to refine your strategy, but you’ll have something you can take forward for sure.

And if you wanted it to impact your organisation more robustly, you should get colleagues from your organisation to join you and form a team of people from your own company, and that way everyone will get the benefit. So oddly questions are getting added in the wrong place in the Google Doc, and they’re getting stuck in above, rather than below where I’m reading through it, so I’m going to try and go back, because something’s added about confidentiality. Okay, about confidentiality, I will be under the Capstone project, so that means working in a group will be in a constraint, as I will not be able to bring in other colleagues to be covered.

I will reiterate what I said before, you know, if you’ve got something confidential, don’t tell us. We’re not going to tell other people, but we can’t be responsible for if you talk to a member of your team, and tell them something that’s confidential. You can, however, decide to work alone, if you feel you don’t want to share what you’re doing with your team. We don’t recommend it, because it’ll be a lot of work for one person, but it is possible to work alone. It is also possible for you to be taking the class, the programme me, and, work with colleagues from the office on shaping your project.

Alright, hope the assignments are not big. You get out of this what you put into it. There is a minimum level of work that you could put into this programme me, and skate by. And that would be having the assignments be not as big, but I tend to find that you will have a much richer learning experience and get more of your money’s worth from this, if you invest more time and effort. So that’s the best way I can answer that question.

Okay, do we get any recommendations of the execution part of the strategy we’ve gone on to develop? Well, we don’t tell you what to do. We do give you frameworks and tools but we do not tell you what you should do. We give you the tools so you can decide what you should do. Do we have to attend live sessions or lectures, or can we study them, have them recorded and study them any time?

So the way we work is that all the content is, all the programmatic content is pre-recorded. Your team will undoubtedly need to connect with each other over some video chat like Skype or something or have a WhatsApp group, etc. You will need to connect to each other, but schedule it at your own convenience for your team. It’s not with a thousand people’s schedules or dates, it’s three people’s schedules co-ordinated.

Some people have gotten a lot of benefit out of doing live phone calls every time. We recommend that you live video us, but it’s just possible talking with your team. But other people have been successful just using WhatsApp, or similar sort of messaging devices, like Slack. And other people have been very successful co-editing Google Docs, because their schedules couldn’t match up, so they only did a few phone calls.

Have you communicated over a distance? We’re just going to recommend what we think is the most successful, but it’s up to you to decide. As for the live webinar sessions, they are recorded and you can play them back. So you don’t have to attend the meeting you can just sort of see what the answers were. Can I get some insight to use cases on how to use Blockchain for higher ed? You will definitely have insights. I’m not sure if we’ve offered use case specifically in this programme me, but, I was just trying to remember, but definitely there’s a lot that’s been written about it. And so, with the tools we will give you, you’ll be able to figure something out. And there are a number of use cases particularly around, you know, credentialing and things.

Can you advise on how Blockchain can help overcome institutional lock in and to solve problems with property rights in Russia? Blockchain is a technology. It can be used by people who are willing to use it, to deal with issues like property rights and governments and shared decision-making and decentralisation of organisational structure. You could use it for that. But there’s no way to force people to use new technology. So, you know, what you’re describing is the culture problem. And so if you look at the video I did at the World Economic Forum that’s up on CNBC, about Blockchain adoption, what I say is one of the biggest challenges is culture. So you’re going to have to work through cultural challenges. That’s not something technology can fix. It’s something technology can help, but it’s not something technology can fix.

Will the programme cover the impact on government legislation? We will definitely touch on it; it is something that I care a lot about. And as I mentioned earlier, we have a 60-page chapter on policy regulation and Blockchain in our book, Frontiers of Financial Technology, and I frequently advise government regulatory bodies like Finra and I’ve just agreed to advise the UK Government, and the EU Government, on sort of Blockchain policy, so certainly it’s something we touch on. And certainly it’s something we can speak further on as we go through the programme me.

I have deep involvement in music rights administration and sales, and am keen to understand how to kick off Blockchain there from this course. Well, that is absolutely one of the areas in which people are applying Blockchain, for sort of automated management of intellectual property and automated payments of royalties for artists. So, if you decide that’s what you want to work on, then your group project can focus on that, and we’ll give you some tools to think about how do you get a very sort of set in its ways, consolidated industry like the music industry to, and in the film industry, because they’re a big user of music rights, to adopt the Blockchain solution. So, yeah, but definitely a cool application of Blockchain.

If you do not have a specific business project in mind now, will that limit the ability to get value from the exercises? The answer is no, that will not limit you, because you’ll be part of a team, and so you can just go along with someone else’s idea and through that, get to see how we apply these different tools and frameworks we’re providing you. But we are also providing you general purpose frameworks, and so we have the strategy for framework, and we also have a regulatory framework. And so, those you’ll sort of understand in general, but then see it in specific application.

Do I have to be aware of strategy frameworks prior to the course? No, you do not. We will provide you with strategy frameworks. You are certainly welcome to use others that you like, if you already know some, but if you don’t know anything about strategy frameworks, we will be providing them to you in the programme me.

Towards collaborative and shared learning, will we be able to have access to other students’ submissions after these assessments? If I recall correctly, there’s a… let me talk to the course team and confirm where we landed on that, because we kind of went back and forth on this question. Not all of their assignments, no. And certainly, if you want to post your assignment in the group forum, and ask people if they would post theirs after the fact, that’s probably okay. Not before the fact, of course, but after the fact. But as far as the final Capstones submission, I’m just trying to remember if we’re going to show everybody the Capstones submissions at the end. What happened to us before is typically, the student self-organised around this, and gave permission to sort of do it themselves. Because, to the points raised earlier, sometimes people want to work on something that they don’t want to share. And so from that perspective, we’re not going to force people to share their strategy, it’s more of an option.

Let’s see, some linked questions. How will grouping be done? Will they be sector-based? Are the participants grouped randomly, or do you match types of participants? So one of the layers on grouping is geography. And then, if I recall correctly, we put together essentially interest areas. So you check off what you’re most interested in, and then we try and put you together in a group that sort of matches those interests. So it’s not completely random, but it’s pseudo-random, there are some guiding principles. In particular, one thing we struggle with is to make sure that you’re not in, you know, 12 different time zones, or five different time zones, right? So you do try and have like the south bands covered, unless you decide that you want a more global group. And we have had some people, I had one student a few years ago from New Zealand who specifically requested that he be put in a group with people from New York and London, because he wanted to see what else was going on around the world. And so for him, this was a learning opportunity. I’ve had other people say, you know, I can only work on this between six am and eight am, before I go to the office. So, I cannot be in a group with people who are you know whatever, six hours apart, or 12 hours apart, whatever. So, we do try and group people by roughly by time band, but you can certainly petition and put in a more diverse group if you wanted. And then as they said, there are sort of various areas to align around.

Okay, I’m concerned with execution, whether I need to work or work with a major institution, or work as a solo startup with funding, Blockchain music industry I’m referring to. There’s no one answer to that question. So, the answer is, I have seen people approaching it from both directions. And so what I will suggest is that through the programme you will get the tools to make that decision. That is one of the gaming factors in crafting a strategy, is are you working with a major institution, or a solo startup with funding?

Okay, will the course equip me to take some new ideas I’ve developed to the course of Blockchain business through to ICO? I mean, it’s going to, the answer is yes, and no. I mean, it’s going to give you the strategy, you know, give you depth on Blockchain, and it’ll give you the strategy. Without talking our book too much, we’ll say that if you actually want to prepare to launch a business, we would suggest you also look at, or instead look at, it’s up to you, and use this as the only thing you’re using to launch the business, we’ll say look at the Oxford Fintech programme me, because that is around building business plans, which includes some other elements that we’re not going to cover in the strategy programme me. But, if you’ve got other resources then this can certainly be the strategy and market analysis that you use in creating that Blockchain business.

And then, you apply that knowledge into that other resources. Okay, let’s see, another question. How does one find Blockchain programmers to bring on the team? I get this question a lot, in general people are like, how do I find programmers? How do I find programmers to work on my fintech? The short answer is you have to be very aggressive about networking, you have to go to meet ups.

It’s usually a lot more valuable than anything I can tell you. With that said I wish I could talk to all you one on one, I can’t. but we have put in place mechanisms so you get a lot more personalized attention than programmes es you do in a typical online programme. So, everyone of you will have a success manager who will stay in contact with you making sure that you keep up with a programme every single day you’ll get email you get messages and as I said we do have tutors, and instructors. I saw the question come up again about how many people are taking it. we should be about 1000 folks. you’ll be divided into groups of roughly 100, which helped with small group discussions, and then within that, your team, your Capstone will typically be like four or five people.

Okay, does the programme cover the implications of Blockchain on sustainability on energy sector in particular? We’re deliberately not going into Great depths into any one specific subject matter of Blockchain. We’re providing We provide general purpose tools and frameworks. And then, if your group, you’ll remember what I said about the Capstone, if your team for the Capstone decides that you want to work on sustainability and energy then that is what you will go into depth on, and that is what you will sort of get a lot of knowledge on.

I should also mention that, that I have written a white paper on this with Deloitte. So if you Google my name, Deloitte, and energy, it was focused on more oil and gas, but it does at least touch on the energy sector. There’s a lot out there on sustainability and Blockchain. so this gives you reach resources in order to be able to you know, have the information you need to do your Capstone project.

Okay, I’m just start of glancing over the comments. I see some people asking about you know is it really entirely online, or is it in person? I’ll just mention, although the programme can be completed entirely online, we tend to find people in major cities certainly, but anywhere want to meet in person. so we tend to get these meet up groups organised city by city around the world. so we’ve seen worse with our fintech class, which we’ve now Run six times. there were very robust meet up groups and places, ranging from you know London to Zurich, to Hong Kong, to Singapore, to you know all over the world. So, we certainly encourage you to form a group for your city, and we’ll provide you some mechanisms to engage around that in the online forum which launches next week.

Okay, as someone who is actively involved in developing Blockchain strategies at a high level, I hope to achieve a read across from 35,000 feet ground level. Are we pooling experience and knowledge from participants and faculty? The answer is, yes. So, I will mention, you know, not only have we got a broad range of experts in the programme we will provide perspectives from many different points of view, but also, you know, as deeply as you want to dive down the Rabbit Hole of the online forums that we are setting up for the class. You will be able to hear what people are saying and asking. And this goes back to what I was saying earlier, of you’ll get out of this what you put into it. If you put more hours in, spend more time interacting with your fellow students from around the world, I don’t have the exact count in front of me, but I recall we have people registering from over 90 countries. And, you will be able to sort of see what they’re saying, and make your own contribution.

So I do think this will give you a read across, if you invest the time to look at what people are saying.

in addition to covering the core expertise of Blockchain, will the course, it’s programme me, by the way, not course. Will the programme offer any real world experiences into the commercial world? I will argue, yes, because the way the programme instruction is that in addition to the sort of knowledge and interviews and tools we provide you, you build a Capstone project. That is the heart of the programme. We have found over decades and decades of cognitive research that project based learning in teams is the most effective way to learn. We learn best from each other.

And so we have created an environment and a pedagogical framework where you are going to work on something that is applying Blockchain to a real world problem. And, then, you know, sort of seeing what solution you come up with. And so we believe this will be an excellent stepping stone for the commercial world. You will be able to say things in interviews like, well, I thought about the problem of let’s just pick an example from these questions of how to apply Blockchain for managing carbon credits in the India region, and here’s what we decided would be the best way to go about that.

So You will be able to get very specific and very Tactical but also very strategic at a very big picture. And all in six weeks.

Will the technical aspect of decentralized Blockchain systems be covered in the programme? So, I’ll go here is to give you enough knowledge about the technology that you are able to understand it from a management point of view. So we are not teaching you how to programme solidity thorium. We are providing you with information about what is a merkle tree, and why is this important. And what is a cryptographic hash, and what is a block, and why does block size matter? You know, why is it important to know those things? So You will learn the key terminology. You’ll also hear about how people are applying Blockchain technology, different work examples of a variety of folks, entrepreneurs, executives, others, investors, who are helping shape the Blockchain eco-system globally. And then you will get strategy frameworks for how to deal with disruptive innovation like Blockchain, and what you should do. So you will not only understand the framework of how to deal with Blockchain in a particular application area, but also then you will build something that you will be able to use as you leave the programme me. You know, a strategy document that said how we are going to approach things. So, just checking the time, it looks like we’re about halfway through, roughly. So, I will now turn to the new questions that have come in since we started.

Will the university claim, by the way, I just want to emphasize again, if you haven’t got the course info pack, please either download it, or ask someone from GetSmarter admissions team to help you with that. Will the university claim any IP rights to the strategy we develop? The answer is no. Your strategy is your strategy. I will mention that if you have something but you view as confidential, don’t share it with us. we are not going to publish your stuff, but your comments on the online forums will be shared with the other students, because you’ve all looked at each other’s comments in the forums. The ideas that you come up with will be reviewed by, by, GetSmarter and our Oxford personnel, and so if you’ve got something secret, the best way to keep it secret, is to not tell anyone. But are we going to claim any IP rights? No we are not. And we are not going to publish your report to the broader general public without your permission, of course.

After this programme completes, will I be able I be able to change my company strategy based on Blockchain technology? Or will I have to go deeply through another course? Our hope is that at the end of these six weeks you will be able to shift your company strategy around Blockchain. You get out of it what you put into it. So, that is important to note and with that I would just say, yet you will certainly have the tool to be able to do that.

Within six modules over six weeks, how realistic is it to actually create a strategy for our parent organisation? What kinds of input is actually required from organisation resources? Well, six modules over six weeks’ times 15 hours a week, is a lot of hours going against strategy. You know, and as I sit here about to offer you, you know, 90 hours of instruction on block chain strategy, I will tell you what a mentor of mine told me. So, Mark Lowthall was the CEO of Revlon Europe, and he was the president of Almae, who do you eat from 10 million to 100 million of revenue, and he’s been a very successful consumer product executive.

And Mark used to tell me, I spend five minutes a year on strategy, and the rest of the time I focus on execution. I’m not saying that is what I personally do, but the ratio is one that is good to keep in mind, that I think 90 hours of both strategy frameworks and then developing a Capstones project and shaping it in a particular direction is ample time to have something to walk around your organisation. I will say of cause that when you do that, you will get feedback from your organisation that will get you to refine your strategy, but you’ll have something you can take forward for sure.

And if you wanted it to impact your organisation more robustly, you should get colleagues from your organisation to join you and form a team of people from your own company, and that way everyone will get the benefit. So oddly questions are getting added in the wrong place in the Google Doc, and they’re getting stuck in above, rather than below where I’m reading through it, so I’m going to try and go back, because something’s added about confidentiality. Okay, about confidentiality, I will be under the Capstone project, so that means working in a group will be in a constraint, as I will not be able to bring in other colleagues to be covered.

I will reiterate what I said before, you know, if you’ve got something confidential, don’t tell us. We’re not going to tell other people, but we can’t be responsible for if you talk to a member of your team, and tell them something that’s confidential. You can, however, decide to work alone, if you feel you don’t want to share what you’re doing with your team. We don’t recommend it, because it’ll be a lot of work for one person, but it is possible to work alone. It is also possible for you to be taking the class, the programme, and, work with colleagues from the office on shaping your project.

Alright, hope the assignments are not big. You get out of this what you put into it. There is a minimum level of work that you could put into this programme, and skate by. And that would be having the assignments be not as big, but I tend to find that you will have a much richer learning experience and get more of your money’s worth from this, if you invest more time and effort. So that’s the best way I can answer that question.

Okay, do we get any recommendations of the execution part of the strategy we’ve gone on to develop? Well, we don’t tell you what to do. We do give you frameworks and tools but we do not tell you what you should do. We give you the tools so you can decide what you should do. Do we have to attend live sessions or lectures, or can we study them, have them recorded and study them any time?

So the way we work is that all the content is, all the programmatic content is pre-recorded. Your team will undoubtedly need to connect with each other over some video chat like Skype or something or have a WhatsApp group, etc. You will need to connect to each other, but schedule it at your own convenience for your team. It’s not with a thousand people’s schedules or dates, it’s three people’s schedules co-ordinated.

Some people have gotten a lot of benefit out of doing live phone calls every time. We recommend that you live video us, but it’s just possible talking with your team. But other people have been successful just using WhatsApp, or similar sort of messaging devices, like Slack. And other people have been very successful co-editing Google Docs, because their schedules couldn’t match up, so they only did a few phone calls.

Have you communicated over a distance? We’re just going to recommend what we think is the most successful, but it’s up to you to decide. As for the live webinar sessions, they are recorded and you can play them back. So you don’t have to attend the meeting you can just sort of see what the answers were. Can I get some insight to use cases on how to use Blockchain for higher ed? You will definitely have insights. I’m not sure if we’ve offered use case specifically in this programme, but, I was just trying to remember, but definitely there’s a lot that’s been written about it. And so, with the tools we will give you, you’ll be able to figure something out. And there are a number of use cases particularly around, you know, credentialing and things.

Can you advise on how Blockchain can help overcome institutional lock in and to solve problems with property rights in Russia? Blockchain is a technology. It can be used by people who are willing to use it, to deal with issues like property rights and governments and shared decision-making and decentralisation of organisational structure. You could use it for that. But there’s no way to force people to use new technology. So, you know, what you’re describing is the culture problem. And so if you look at the video I did at the World Economic Forum that’s up on CNBC, about Blockchain adoption, what I say is one of the biggest challenges is culture. So you’re going to have to work through cultural challenges. That’s not something technology can fix. It’s something technology can help, but it’s not something technology can fix.

Will the programme cover the impact on government legislation? We will definitely touch on it; it is something that I care a lot about. And as I mentioned earlier, we have a 60-page chapter on policy regulation and Blockchain in our book, Frontiers of Financial Technology, and I frequently advise government regulatory bodies like Finra and I’ve just agreed to advise the UK Government, and the EU Government, on sort of Blockchain policy, so certainly it’s something we touch on. And certainly it’s something we can speak further on as we go through the programme.

I have deep involvement in music rights administration and sales, and am keen to understand how to kick off Blockchain there from this course. Well, that is absolutely one of the areas in which people are applying Blockchain, for sort of automated management of intellectual property and automated payments of royalties for artists. So, if you decide that’s what you want to work on, then your group project can focus on that, and we’ll give you some tools to think about how do you get a very sort of set in its ways, consolidated industry like the music industry to, and in the film industry, because they’re a big user of music rights, to adopt the Blockchain solution. So, yeah, but definitely a cool application of Blockchain.

If you do not have a specific business project in mind now, will that limit the ability to get value from the exercises? The answer is no, that will not limit you, because you’ll be part of a team, and so you can just go along with someone else’s idea and through that, get to see how we apply these different tools and frameworks we’re providing you. But we are also providing you general purpose frameworks, and so we have the strategy for framework, and we also have a regulatory framework. And so, those you’ll sort of understand in general, but then see it in specific application.

Do I have to be aware of strategy frameworks prior to the course? No, you do not. We will provide you with strategy frameworks. You are certainly welcome to use others that you like, if you already know some, but if you don’t know anything about strategy frameworks, we will be providing them to you in the programme.

Towards collaborative and shared learning, will we be able to have access to other students’ submissions after these assessments? If I recall correctly, there’s a… let me talk to the course team and confirm where we landed on that, because we kind of went back and forth on this question. Not all of their assignments, no. And certainly, if you want to post your assignment in the group forum, and ask people if they would post theirs after the fact, that’s probably okay. Not before the fact, of course, but after the fact. But as far as the final Capstones submission, I’m just trying to remember if we’re going to show everybody the Capstones submissions at the end. What happened to us before is typically, the student self-organised around this, and gave permission to sort of do it themselves. Because, to the points raised earlier, sometimes people want to work on something that they don’t want to share. And so from that perspective, we’re not going to force people to share their strategy, it’s more of an option.

Let’s see, some linked questions. How will grouping be done? Will they be sector-based? Are the participants grouped randomly, or do you match types of participants? So one of the layers on grouping is geography. And then, if I recall correctly, we put together essentially interest areas. So you check off what you’re most interested in, and then we try and put you together in a group that sort of matches those interests. So it’s not completely random, but it’s pseudo-random, there are some guiding principles. In particular, one thing we struggle with is to make sure that you’re not in, you know, 12 different time zones, or five different time zones, right? So you do try and have like the south bands covered, unless you decide that you want a more global group. And we have had some people, I had one student a few years ago from New Zealand who specifically requested that he be put in a group with people from New York and London, because he wanted to see what else was going on around the world. And so for him, this was a learning opportunity. I’ve had other people say, you know, I can only work on this between six am and eight am, before I go to the office. So, I cannot be in a group with people who are you know whatever, six hours apart, or 12 hours apart, whatever. So, we do try and group people by roughly by time band, but you can certainly petition and put in a more diverse group if you wanted. And then as they said, there are sort of various areas to align around.

Okay, I’m concerned with execution, whether I need to work or work with a major institution, or work as a solo startup with funding, Blockchain music industry I’m referring to. There’s no one answer to that question. So, the answer is, I have seen people approaching it from both directions. And so what I will suggest is that through the programme you will get the tools to make that decision. That is one of the gaming factors in crafting a strategy, is are you working with a major institution, or a solo startup with funding?

Okay, will the course equip me to take some new ideas I’ve developed to the course of Blockchain business through to ICO? I mean, it’s going to, the answer is yes, and no. I mean, it’s going to give you the strategy, you know, give you depth on Blockchain, and it’ll give you the strategy. Without talking our book too much, we’ll say that if you actually want to prepare to launch a business, we would suggest you also look at, or instead look at, it’s up to you, and use this as the only thing you’re using to launch the business, we’ll say look at the Oxford Fintech programme, because that is around building business plans, which includes some other elements that we’re not going to cover in the strategy programme. But, if you’ve got other resources then this can certainly be the strategy and market analysis that you use in creating that Blockchain business.

And then, you apply that knowledge into that other resources. Okay, let’s see, another question. How does one find Blockchain programmers to bring on the team? I get this question a lot, in general people are like, how do I find programmers? How do I find programmers to work on my fintech? The short answer is you have to be very aggressive about networking, you have to go to meet ups. You have to go to online forums, you have to put ads up. You have to interact with people in the programmes well as outside the programme. There’s no simple way to find Blockchain programmers. They’re in high demand, and a lot of people looking for them. And if you don’t have any money, and you’re looking for someone to work on your idea for equity only, you better be prepared to be really persuasive, because people can just go and be paid cash or tokens to go build something.

Do you suggest also learn coding as finding coders is an issue? So the answer to that is, learning coding is never a bad thing. It’ll give you more flexibility if you know how to programme. As the CEO, so I’m going to ask the GetSmarter team to put more of these questions into the Google document, because I see several comments have swung by that I can’t keep my eye on the comments, and keep my eye on the questions at the same time. So, as a CEO, eventually you’re going to want to focus on managing the business, and not do all the coding. But being a CEO who is able to code is a tremendously valuable asset because programmers tend to find you more credible and in addition, they…it’s easier to recruit them and manage them if you understand their work better. I am no longer a coder, but I used to code, and the fact that I have at least some basic knowledge of technology means that I have some better understanding for how to manage a technology team.

Okay, fintech programmes Central European classes begin when in Switzerland here. Well, the programme’s global, and completely online. Ooh, that was a really great suggestion from Louise, participating in hackathons is a really great way to recruit coders. Because you have a lot of great people interested in the same subject showing up for the same thing, and usually they are a mix of business people and programmers. So that’s an excellent suggestion, Louise.

Okay, so back to the question, whether the classes beginning. So the programme is being offered completely online, all over the world. It’s already decentralised, so Louise is saying let’s decentralise the fintech course. Well, it is decentralised. So, we have students in over 90 countries, who took it, and so it also starts on February 28th. I will be interested to see if there are any individuals rogue enough to take both the fintech programme and the Blockchain programme. And, so it’s going to be a lot of work if someone does that, it’s basically a full time job if you do that, but I’ll be curious to see if anyone does that. Because it mostly is not overlapping content. They’re mutually exclusive by and large.

Okay, will you be at any speaking events in the near future? You know, I’ve just come back from doing a ton of speaking, and so I’m just trying to think through my travel schedule. The next thing that I know that I’m speaking on is in April I’m going to be keynoting the annual meeting for an investment fund in China, that’s invested in my startup company, that’s called Bouyo Capital. So I think you have to be a company investor to see me speak there.

Other than that, gosh I just, I’ve come back from three months on the road, and so I’ve done an awful lot of speaking in the last three months. I think most of my public speaking for the next probably six weeks is going to be digital. But, we will post the announcements if I’m going to be speaking somewhere. Usually I put something into my LinkedIn feed, or into my Twitter feed, or both, and then the programme does as well, so certainly feel free to follow me on LinkedIn. I also post a column every couple of weeks. We also encourage you to sign up to our newsletter. So, there’s an email newsletter we send out every couple of weeks on fintech and Blockchain topics.

Okay, please, please, GetSmarter team drop these comments into the Google Docs so I can answer them, because there’s a whole bunch of them flying by and I’m not getting them all. Why are big organisations like banks not initiating large scale programmes, or barely doing PLCs? Hard to find contractor job opportunities from big companies, at least in the UK market. Gosh, that just runs completely against everything that I’m seeing, so I don’t know where you’re looking to reach that conclusion. I do know the big management consulting firms like Deloitte and Accenture and especially firms like Consensus, are scrambling to find Blockchain programmers, as quickly as they can. The startups are all looking for it, it’s very very hard to find, so, initiating large scale programmes, well the European Union just awarded a contract to the Blockchain Observatory. So I don’t know how many bigger, how bigger you can get than 29 countries. Is it 28 now? Sorry.

But, you know, certainly in the UK there is an awful lot going on. The government is very focused, private sector’s very focused on this. This year, we are moving from PLC to large-scale adoption, so people are starting to roll out technical implementations like Blockchain for trade finance, and Blockchain for supply chain management. So I don’t know why you’re reaching that conclusion, and why these guys are not initiating large scale programmes, I know for a fact that they are and that they have. And I talk to all the big banks. I personally have been in dialogue with three of the top four banks, sorry with all three of the top three banks in the last three months. And I can assure you they’re doing a lot.

I’m an in-house lawyer and know next to nothing about market analysis, but more interested in regulatory responses developing. Is this the right course for me? I think it will will be useful for you, because it will put the regulatory response in commercial context. We do talk about regulation, we’ve crafted something that we argue for, sort of a policy framework, the Blockchain policy framework, around what we do with this, and how regulators should, principles-based regulations approaches. I’ve had had regulatory policy experts argue to me that I’m not very modern and rules-based is the way to go, but, feel free to have that argument, but we will talk about principles and rules-based regulation, and we will talk about regulatory framework. For all the students, this is useful knowledge because it’s impossible to think about Blockchain applications and anything we’ve talked about today, without thinking about regulation. And I think as an attorney, you will bring critical knowledge to technical and business students in the programme, and likewise, you’ll hear from them what they’re dealing with.

Okay, so let’s see. This is not an advanced programme. I will just take something out of order because the comments are not keeping up with the Google Doc I’m referring to. This programme is for people of all levels. It’s designed so that you can calibrate your learning experience to your level of knowledge.

If you have no level of knowledge at all about Blockchain or strategy you can still benefit from this. If you are an experienced strategy consultant who’s trying to learn about Blockchain, you can benefit from this. If you’re someone who has the massive experience of spending two years in Blockchain, which in the Blockchain world is a lot of experience, doing Blockchain, you will get a lot out of this.
So, we’ve designed it to work for all levels.

Okay, would love to join both programmes and only able to take the second OB SP which starts in May. Oh, I guess that’s Blockchain Strategy programme. (s the second or third programme… Yeah, we’re going to be doing every few months. So if you can’t, if you can’t do Blockchain until May, you certainly could take contact before or after that.
My business is mostly with SMBS – small and medium-sized businesses. Will you mostly focus on large issues?

Not at all. We are creating a kind of multi-scale programme that gives you Frameworks you can apply in any context.

Where do you think research in Blockchain should focus on? Tat’s an interesting question.
Because I think there are a lot of things research should focus on so, I’m assuming you mean academic research and not and not commercial research. But, you know, we need better Frameworks to deal with…we need better Frameworks to deal with cyber security. We need better protocols to address capacity and scaling issues, particularly speed. We need to explore the implications how we integrate Blockchain technology into organisations and societies. We need to explore the legal implications of a legally binding agreement that’s automatically adjudicated on Blockchain. I can’t even begin to list the number of things we need in terms of where research should focus. What I personally look at are questions like how can government policy support the support Blockchain and phonetic Innovation? And how do we support Innovation ecosystems through government action? For comparison, the Master Card Payments Network can process transactions 44,000 transactions per second and epherium processes about 20 transactions per second. So if we’re going to use Blockchain as a mechanism to process payments, we need to massively upscale the throughput. How do you do that, and keep its decentralised nature? That is an interesting research question. And there are people working on it, by the way.

Okay, let’s take Uber for example. If consumers and drivers were directly connected, how does the Blockchain entrepreneur make money? Well, you could be paid a token utilisation fee every time someone processes a transaction on your Block Chain Network.

Let’s see. Is the programme too advanced for beginners? Should I look for something more basic? I’m a banker.

The answer. I think I just answered this that no, it’s not to advanced. You should feel free to join us.

How will Blockchain influence the pharma industry? Well the pharma industry is going to be influenced very slowly by Blockchain. That’s important to recognise that pharma is is even slower than financial services to adopt new stuff. The World Economic Forum has an excellent stream of research in this area, and they’re working on it. I encourage you to look at the WestWEForum.org website and there’s a bunch of stuff about this. But there’s potential, even potential to cut the cost of drug development by 50%, and cut a time to develop a new drug by 50% using a combination of Blockchain and what’s called adaptive clinical trials.

This is not easy because mostly of culture issues. The technology solution is there and Blockchain can do it. Blockchain can also help in things like the supply chain in the management of patient health information, post-market, all sorts of things. But the most interesting one for me is to accelerate the pace of drug development and lower the [costs dramatically, and it would require courage on the part of a big five pharma company. But if they did it, think it will really change the game. Probably what’s going to happen is we’ll be a little startup Pharma company that does it and it’s successful because they do it.
All right. DIP is a decentralised research platform for the most Progressive funding mechanism for academic research with economics and sentence for cooperation between scientists.

I don’t know if I can say it has the most Progressive funding mechanism. Sounds like someone’s advertising their own protocol.
Are we going to cover these new protocols?

I mean we touch on some protocols, but the whole point of this programme is not to be protocol specific. So, if we were protocol-specific the programme would be out of date by the time it launches because so many new Protocols are being launched every day.
What we do try to do is touch on a handful of interesting protocols and just as worked examples for you and give you the tools to figure out how to investigate questions like what is the best decentralised research platform for academics? I actually thought the Dow was a great idea.
They had terrible cybersecurity but the idea behind the Dow was to fund academic research.

Can the Blockchain framework work across mobile applications? Absolutely, in fact, someone had a fantastic there are few of these mesh Network Blockchain protocols that people have launched where you know, the local computing power on the mobile device, you know Powers the Blockchain a bunch of these.
Yes, for sure. As an entrepreneur trying to build a fin tech Blockchain, what would be the takeaway from fintech versus Blockchain programme, and which will be the most relevant beneficial? So, I guess the answer is, the Blockchain strategy programme goes into a lot more depth and Blockchain specifically both in terms of the experts and examples we provide, and background in the technology and it goes into strategy in a lot more depth. So we spend a lot more time on strategy Frameworks and how to apply them.
And your Capstone is a strategy framework. I will argue that you could then take the strategy, which lets you figure out market and addressable market and how to attack the market. You could take that strategy and bring it to the fintech programme. You also can take the programme if you don’t have a strategy and you build it along with the rest of your business plan, around things like a financial model and sales models and sales strategy and, competitive dynamics, and things like that.

The fintech programme is broader than just Blockchain it touches on Blockchains also touches on other areas of fintech besides Blockchain like an and prediction markets and trading Technologies and all sorts of other stuff that has nothing to do with Blockchain specifically. So you could take either based on what you’re describing. t’s hard to say without more specifics than exactly what you feel you need to learn the most around. I’ll also say the phonetic programme is 10 weeks. So it is longer, requires a greater investment of effort logic Blockchain programme is six weeks, and can be finished more quickly. So I leave that up to you, but hopefully that was helpful.
All right, we are pretty much out of time. But I think I answered both of these questions about the difference between Blockchain and fin tech programmes. Look, I’m really delighted that that you all have joined us, for this webinar. I thank you for your time. I noted about 50 of you came sort of after the first 15 or 20 minutes.
So I think I’m not sure if it’s live stream has been recorded. I think it has but feel free to go back if it has and take look at the beginning part because there were some questions I answered that I think you’ll find relevant and interesting. And, I hope you take, Oxford Blockchain strategy. We’ve taken a lot of time into making what we think is an outstanding programme and we’d like to share it with you. So, please join us. Perhaps even as early as next week when we launched the first intake. Okay, so I’m Dave Shrier. I thank you for the time. Please do sign up for our newsletter. You’ll have an opportunity to hear, you know, every other week reflections from me on current topics and fintech and Blockchain and, and I look forward to seeing you online.