Blockchain Basics

Blockchain Basics

Sabrina Rochemont

25 years: Digital payments specialist

In this video, Sabrina focuses on cryptocurrencies and the technologies that underpin them, such as blockchain. Sabrina explores the concept of digital currencies and their claim to have currency status. She defines what cryptocurrencies are and the potential concerns about the function of cryptocurrencies as a currency. The technology blockchain is defined and explored, with a focus on how it decentralises power away from one source, such as a bank.

In this video, Sabrina focuses on cryptocurrencies and the technologies that underpin them, such as blockchain. Sabrina explores the concept of digital currencies and their claim to have currency status. She defines what cryptocurrencies are and the potential concerns about the function of cryptocurrencies as a currency. The technology blockchain is defined and explored, with a focus on how it decentralises power away from one source, such as a bank.

Join now to start learning today

Finance Unlocked is the video learning platform built for finance professionals.

This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Blockchain Basics

13 mins 19 secs

Overview

In order to understand the complexities of the exploration of central banks into cryptocurrencies, it is important to explore the market dynamics of cryptocurrencies. Sabrina dives into the benefits of blockchain, as well as why it is currently viewed as inappropriate for handling payments at scale. One of the key questions tackled is the central concerns of cryptocurrencies being used as a replacement for cash and summarises the key questions around the viability of Bitcoin as a currency. Finally, Sabrina will discuss how blockchain can be used by central banks and why cryptocurrencies may jade some central banks’ willingness to explore CBDCs.

Key learning objectives:

  • Define what cryptocurrencies are and the central concerns around them

  • Understand the blockchain as a fundamental concept

  • Understand how cryptocurrencies and blockchain are directly linked to the development of CBDCs

Join now to watch

This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Summary
logo-animationlogo-animationlogo-animation

Join now to watch

This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Expert
Sabrina Rochemont

Sabrina Rochemont

Sabrina Rochemont is an experienced IT Service Management Professional. She has been researching the digitisation of payments and the possible evolution toward a cashless society for a working party. She is co-author of several papers on the topic of cashless societies including "A cashless Society - Benefits, risks and issues”, published in 2018 and “Understanding Central Bank Digital Currencies”, published in 2019. She’s also co-authored several other papers covering many aspects of the topic such as the environmental impact of payments.

Related videos