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Assessing the Risks of Blockchain


Date 01:20 PM - 02:20 PM (1 hour)
Thursday, August 26
Cybersecurity & Risk
Remote Connect

As blockchain systems move from concept to pilot to production, financial institutions have few tools for assessing the operational risks associated with them. Even for organizations not planning a blockchain implementation of their own, they could become part of one through vendor relationships or in the regular course of business. What do organizations need to know about the risks of blockchain? Could a supervisory or audit node in the network mitigate some of these risks? Does blockchain make auditing easier or more efficient? Panelists highlight what's new and different about auditing a blockchain as opposed to traditional systems.

Questions answered during this session:

1. What's new about assessing a blockchain system?
2. What questions could business leaders ask to understand the risks and trade-offs of different blockchain design choices?


Guy Berg
Vice President, Payments, Standards & Outreach Group
Federal Reserve Bank of Minneapolis
Greg Schu
Partner, Risk and Compliance Services