When will blockchain succeed? Are standards and cooperation the key factor?
The Blockchain technology may lead the way to far more comprehensive digital solutions in centralized paper-based industries in the future. But what are the obstacles?
Traditional Trade Finance businesses is one of the first use-cases where blockchain are believed to render real increased business value. In this traditional paper-based business with limited trust among the participating parties, several attempts to build a digital model for Letters of Credits has so far fallen short. Maybe because most projects has focused on narrow parts of the value chain. A similar development has been seen in the pension business. However more and more pension funds now dip their toes into the blockchain technology to explore, how it fits their business models in order to accelerate industry competitiveness and expand the profit pool from lower processing costs.
Blockchain technology is one of the most important innovations in recent times and the technology is expected to disrupt financial systems and support user-owned platforms, provenance, and rights registration. So, we are also looking forward to gaining the latest insight on decentralized blockchain protocols and industry developments.
How will industry participants agree on network standards and business rules? To what extent can scalable global networks change trust among the parties in the trade finance business? How will use of Blockchain challenge the storage of pension information data? How much margin will use of Blockchain add to the bottom line?
To answer these and other questions we have invited Johan Hörmark, Business Development, SEB, Hidde Terpoorten, Blockchain Lead, APG Group, and Lone Fønss Schrøder, CEO, Concordium, to share their knowledge and provide us with an update on most recent achievements and relevant markers for the future.
Registration deadline is Thursday 27 August at 13.00 CET.
|14.00||Welcome and meeting instructions
Michael Albrechtslund, CEO, Finansforeningen/CFA Society Denmark
|14.05||Blockchain for Trade Finance – Contour.network
Johan Hörmark, Business Development, SEB
|14.30||Questions to Johan Hörmark|
|14.40||A look at the future blockchain based community platforms
Lone Fønss Schrøder, CEO, Concordium
|15.05||Questions to Lone Fønss Schrøder|
|15.15||Future of pensions
Hidde Terpoorten, Blockchain Lead, APG Group
|15.45||Questions to Hidde Terpoorten|
|15.55||Thank you for today|
Non-member: DKK 500
CFA CE Credit Hours
If you are a CFA Institute member, you are eligible to record 2.0 CE credit hours for your participation in this meeting
Johan Hörmark is a business developer at SEB. He is researching and piloting new technologies and solutions such as blockchain, AI, IoT, that can be used both for new and enhanced products and services to customers and with partners of SEB.
You can reach him at: https://www.linkedin.com/in/johanho/
Hidde Terpoorten is Blockchain Lead at APG Group, the largest pension service provider in the Netherlands with over €450 billion AUM and servicing the pensions for 4,5 million Dutch citizens. Hidde is responsible for all blockchain activities of APG aimed at building a strong blockchain capability to maximize pension value for Dutch particpants. APG conducts several Blockchain experiments within the ‘Groeifabriek’ Innovation department and hosted the ‘future of pensions’ track at the largest Blockchain Hackathon in the world.
Hidde’s fascination for blockchain started when he first learned about ‘programmable money, ie. Bitcoin’ in his job as a Financial Risk Manager at the Group Risk & Compliance department of APG. He believes that blockchain is the foundational technology that will help us to share value, information and costs in a decentralized way, thus increasing transparency and efficiency in complex systems. Hidde has a background in Industrial and Financial Engineering and is a certified Financial Risk Manager.
Lone Fønss Schrøder
Lone Fønss Schrøder is CEO of Concordium. With extensive executive experience ranging from large-cap companies in aviation, biotech, retail, automotive, oil & gas, and shipping to banks and capital markets, Fønss Schrøder is also co-founder of the bank-fintech company Cashworks, Vice Chairman of Volvo Cars, and a Director at IKEA. She spent 22 years at A.P. Moller-Maersk — the world’s largest shipping company — serving as Senior Vice President and founding Maersk Procurement and Star Air. In 2005, she was appointed President of Wallenius Lines, a leading provider of global factory-to-dealer transport solutions and terminal facilities for the automotive industry. Fønss Schrøder holds an MSc in Business Administration and Economics from Copenhagen Business School and a Master in Law (LLM) from the University of Copenhagen and Blockchain Technologies program from the MIT Sloan School of Management.
The meeting is arranged by The Danish Finance Society’s FinTech committee.