Kuwait Finance House-Bahrain organizes a blockchain training
Monday, 08 19 2019, Category: Banking, Country: Bahrain
As part of its ongoing efforts to develop its human capital, while preemptively addressing the latest digitization developments in the banking industry, Kuwait Finance House – Bahrain (KFH – Bahrain), a leading Islamic bank in the Kingdom, in collaboration with the Bahrain Fintech Bay, recently partnered with SettleMint Blockchain Academy to organize a specialized three-day Blockchain Training Program. The training program held between July 9th and July 11th 2019 was attended by members of the Bank’s management team in addition to employees from various departments.
Mr. Matthew Van Niekerk, the Chief Executive Officer and Founder of SettleMint, with extensive experience in the financial services industry globally and in the blockchain technology space, led the training session; the program featured theoretical sessions as well as practical use-case application sessions.
Key theoretical concepts covered under the theoretical sessions included the history of blockchain and its impact on the industry, hashing and ledgers, distinctions between blockchain technology and traditional storage methods, types of blockchain, smart contracts and their uses for business, as well as examples the applicability of blockchain for different business models. During the practical sessions of the program, the participants divided into groups to brainstorm and develop a number of innovative use-cases potentially that can be applied within the Islamic banking industry. At the end of the program, each of the groups presented and discussed their use-cases in terms of applicability and the requisites for real-life implementation.