AFB Practice Roundtable: Distributed Ledger Technology – Understanding the Framework

AFB is holding an in-person roundtable discussion facilitated by Quantum Six for members to discuss and share perspectives on the opportunities and challenges for banks in using distributor ledger technology in trade finance and supply chain management. Quantum Six will also give a short presentation to outline an approach for banks who are looking to adopt distributed ledger technology.  The roundtable, hosted by Bank ABC, will address both regulatory requirements and best practice.

Distributed ledger technology (DLT) makes it possible for documentation to flow transparently yet securely between banks, trading companies and other network participants such as insurance companies. This technology is driving the re-invention of many fundamental business interactions. It changes how value is exchanged and the understanding of ownership in a digital age.

AFB will circulate an agenda and questions to attendees in advance which will be used to aid discussions. The Chatham House Rule will apply to this event to encourage open dialogue and discussion.

There will be refreshments and networking from 15:30 before the roundtable discussion commences at 16:00.

Please note that capacity for the roundtable is limited to 30 members and one person per member bank.

Why attend?

This Practice Roundtable is an opportunity for member representatives from Operations and Trade Finance departments to explore the following:

1. The economic fundamentals of DLT – movement of goods, money and value on a global scale
2. Challenges in supply chain – balance between resilience and efficiency
3. The value of a real-time digital trade platform
4. Platform Components – a view of solution use cases and technology design
5. Supply chains and trade risks and application of trade solutions to de-risk financial flows

What will members gain for use at their bank?

This session seeks to provide an approach for banks to take when looking to adopt DLT within Trade Finance and Supply Chain Finance. The aim is to assist member banks in creating a business architecture and technology blueprint for DLT, along with requirements for compliance, audit, and business integration.

Who should attend?

The roundtable is aimed at Operations and Trade Finance teams.

Facilitators

Nitin Guar

Nitin Gaur is an Associate with Quantum Six and has recently joined State Street Digital as Managing Director, leading Digital Asset and Technology Design, with aspirations to transition part of the company’s financial market infrastructure and its clients to the new digital economy. In his previous role, Nitin Gaur served as Founder and Director of IBM Digital Asset Labs – committed to devising industry standards, use cases and working towards making blockchain for enterprise a reality. In parallel Nitin also served as CTO of IBM World Wire – a cross border payment solution utilizing digital assets. Nitin holds an MS in Management Information systems and MBA in Finance from University of Maryland. Nitin was also appointed as an IBM Distinguished Engineer and had recognition of Master Inventor with a rich patent portfolio.

Logistics

Cost:        Included in AFB membership (no fee)

Format:    In person at Bank ABC, 1-5 Moorgate, EC2R 6AB

Date:        Wednesday 13 December 2023

Time:        16:00 – 17:30 (registration from 15:30)

If you would like to submit a question before or have any specific questions or areas that you would like the session to address, please email secretariat@foreignbanks.org.uk. You will receive the joining instructions for this in-person roundtable a week before the event.