Blockchain technology for Algorithmic Regulation And Compliance (BARAC)

Lead Research Organisation: University College London
Department Name: Computer Science

Abstract

BARAC investigates the feasibility of using blockchain technology for automating regulation and compliance producing a proof-of-concept platform and facilitating knowledge transfer by means of a bottom-up cross-disciplinary approach developed together with industry and regulators.

Blockchain Distributed Ledger Technologies (DLT) are of great interest to the financial industry because they have the potential to improve efficiency, augment security, eliminate duplications, simplify compliance and increase settlement speed, transparency and verifiability while preserving privacy and anonymity. These technologies are also of great interest to regulators because they provide very powerful auditing tools which can be used for automatic compliance reporting and algorithmic regulation. These technologies introduce several disruptive innovations in this area giving access to auditable data which are hard to tamper with and include both real time and the entire history; providing new instruments to monitor and quantify reputation of users; generating transparent, yet securely encrypted, environments where rules can be implemented enforced and adapted.

In this project we investigate technical, legal and managerial aspects related to use of DLT in the services industry including the significance of new business models and their effects on industry structure. BARAC aims to: i) demonstrate that blockchain technologies can be used to acquire and record financial activity data and to securely retrieve them for regulation and compliance purposes; ii) implement a case-study proof-of-concept platform for automatic compliance and algorithmic regulation from blockchain data; iii) transfer knowledge to industry and regulators and disseminate results to academic community and the wider public.

This will be achieved by adapting existing DLT systems, such as hyperledger (open source DLT project from Linux Foundation) and Corda (DLT project from R3-CEV for financial applications), to provide access to regulatory and compliance data for regulators and by designing smart contracts that automatically verify and execute regulations using smart contracts. We intend to set up a proof-of-concept platform where the feasibility of using DLT technology for compliance and regulation of financial services can be tested in practice addressing industry-relevant case studies. This platform will be built with a bottom up approach working together with our industry and regulator partners and constructed around their requirements and perspectives.

BARAC addresses several challenges that span across many disciplines; therefore a cross-disciplinary effort is essential and indeed this project has gathered together PI and co-Co-Is from five different Departments including Computer Science, Mathematics, Law, Economics, Management and Finance from four different institutions. Together with academia, the proponents' consortium includes regulators, financial industry and the technology sector.

This project has the potential to radically change the way in which regulation and compliance are performed essentially reverting the present approach. Firms will no longer have the duty to report to regulators but instead regulators will access auditable data directly from the DLT. This will radically reduce the burden on firms increasing efficiency, transparency and eliminating the risk of unintentional breaching of compliance and regulation rules. The impact will not only be felt on the financial services sector but will also ripple across the entire services sector from healthcare to the food industry and education. Indeed all industries and services are regulated and need to comply by reporting information to the relative authorities and government bodies. It will also have impact upon business models and managerial practices.

Planned Impact

BARAC has the potential to radically change compliance and regulation thereby improving efficiency, reliability and transparency whilst redefining the UK services industry landscape.
Compliance and regulation in the financial sector are currently costly and inefficient. The banking industry is facing an extremely complex challenge: each bank maintains its own ledger system, with duplication of efforts and lack of transparency. Blockchain, Distributed Ledger Technology (DLT) and smart contracts can solve this challenge providing huge economic benefits to the industry but also generating a transparent and secure platform where regulators can access auditable data which are verified by the community and hard to tamper. By using smart contracts, regulation can be automatized over the DLT, increasing trust in the system and removing strain from both regulators and industry.
The UK is leading the world in the financial industry, services industry and Fintech, leading innovation both in terms of industry activity and regulatory practice. A cross-disciplinary study involving academia, industry and regulators to identify the best way forward in terms of technologies, protocols, standards and laws can have a huge impact on an economic sector that contributes £129bn/year to the UK economy.
BARAC focuses on the financial services sector. However, the entire services sector, beyond finance, will benefit from the outcomes of this project.

The expected impact is to achieve crucial advances in the understanding of how DLT can be used to make regulation more efficient in order to contribute to the prosperity of the UK fostering innovation in finance and services industry.

The impact of this project will be maximized in the following way:
1. Involving our industry partners, regulators and practitioners from the beginning adopting a bottom up approach developing research and technology around real practical needs;
2. Providing open source software;
3. Setting up a proof of conept platform for experimenting ideas and applications accessible to the entire community with online feedback from users;
4. Organizing technology transfer activities to reach out industry and regulators;
5. Fostering a new generation of students knowledgeable of these technologies capable to contribute to industry or regulators and eager to develop their own businesses around blockchain DLTs;
6. Publishing high ranked scientific publications, white papers, policy recommendations and reports to help advancement of research and to provide guidance to industry and regulators;
7. Organizing meetings, conferences and workshops to debate the state of the art and identify forward directions speeding up research and adoption in this area;
8. Coordinating research on blockchain DLTs across disciplines integrating developments in computer science, security, programming and cryptography with advancements in law, business and management;
9. Supporting industry and regulators to set up standards and common protocols for blockchain DLTs.
 
Description There are several significant results:
1. the elaboration of a Blockchain ontology and the elaboration of guidelines for the use of Blockchain in the domain of Government and Regulation.
2. production of a sizeable research work on the topics of privacy, law, business, economics and modeling that is starting to materialize in publications.
2. networking with various academic, government and regulatory institutions with the production of documents for guidance to government and institutions.
Exploitation Route Our -preliminary- findings are the world first in this domain. They will act as seeds for entirely new research domains in the area of Blockchain, regulation and digital government.
Sectors Education,Financial Services, and Management Consultancy,Government, Democracy and Justice

URL http://blockchain.cs.ucl.ac.uk/
 
Description So far BARAC findings have been used by: 1. Policy makers to draft reports and policy suggestions to parliament and commissions. In particular we have contributed to: Lord Holmes report to House of Lords; Parliamentary briefing paper on DLT and blockchain. 2. Financial Conduct Authority to design new regulation methodologies. In particular the MAISON project case-study has involved FCA, Santander, Barclays, RBS, Bluebank, Statestreet, Bank of England to investigate the use of blockchain technologies to open up the House Mortgage Market. 3. Private sector: with Lykke we are co-implementing methodologies for automatic regulation and compliance; with gradbase we have co-experimented -for the first time in UK - the validation of university degrees by means of Blockchain. Further BARAC project has become centre of attention and networking point on the topic of blockchain technologies for regulation both at national and international levels. We have been invited to advise institutions in: 1. The European Commission; 2. The Italian government; 3. The Chinese Government 4. The United Arab Emirates Government; 5. The insurance sector; 6. The construction sector; 7. Law firms. Several monetary authorities have asked to join the BARAC project and currently participate actively to our meeting and intend to collaborate to produce withe papers and reports. They include: 1. The Singapore Monetary Authority; 2. The Monetary Authority of Bermuda; 3. The Cyprus Monetary Authority.
First Year Of Impact 2017
Sector Construction,Digital/Communication/Information Technologies (including Software),Education,Energy,Financial Services, and Management Consultancy,Government, Democracy and Justice,Pharmaceuticals and Medical Biotechnology,Retail,Transport
Impact Types Cultural,Societal,Economic,Policy & public services

 
Description 'Exploring Economics' conference organised by the Department for Exiting the European Union
Geographic Reach National 
Policy Influence Type Gave evidence to a government review
 
Description All Party Parliamentary Group on Blockchain Evidence Session 1
Geographic Reach National 
Policy Influence Type Gave evidence to a government review
URL https://publications.parliament.uk/pa/cm/cmallparty/180314/blockchain.htm
 
Description FCA TechKnow Seminar Series
Geographic Reach National 
Policy Influence Type Gave evidence to a government review
 
Description Lord Holmes's report for the House of Lords
Geographic Reach National 
Policy Influence Type Implementation circular/rapid advice/letter to e.g. Ministry of Health
Impact We have contributed to a report on DLT by Lord Holmes's for the House of Lords. The report aims to inform the house, and contribute to inspire ideas for future parliamentary debates and commission activities on the topic.
 
Description UK Financial Conduct Authority Consultation on Cryptoassets
Geographic Reach National 
Policy Influence Type Participation in a national consultation
Impact We participated in an FCA consultation on cryptoassets with the aim to provide greater clarity to the cryptoasset market. FCA "set out to achieve this by describing those types of cryptoassets that are inside the regulatory perimeter, and those that are outside. Where cryptoassets are within the FCA's remit, we explore some of the obligations for firms, including an indicative list of permissions firms may need to have."
 
Title (the list of fields makes no sense) - Methodology to map quantify of social media sentiment on cryptocurrency value 
Description The previous field makes no sense. We developed a methodology to map quantify of social media sentiment on cryptocurrency value. This is of relevance to regulators that are seeking tools for real-time regulation and nowcasting. 
Type Of Material Improvements to research infrastructure 
Year Produced 2018 
Provided To Others? No  
Impact RegTech 
 
Title (the list of fields makes no sense) Methodology to track transactions in cryptocurrencies for KYC purposes 
Description Development of crawling and analytics tools to implement 'know your clients' to comply with regulatory directions 
Type Of Material Improvements to research infrastructure 
Year Produced 2018 
Provided To Others? No  
Impact Automatic Regulation ad Compliance 
 
Description Barclays: DLT for Mortgages: project MAISON 
Organisation Barclays
Country United Kingdom 
Sector Private 
PI Contribution Provided advisory and helped in the publication of wite paper and presentation of results
Collaborator Contribution Project MAISON. Use of DLT technologies to create an exchangeable mortgage market (in collaboration with FCA, Santander, barclays, RBS, bluebank, statestreet, and others).
Impact Construction of a working DLT framework where associated banks and regulator (FCA) can insert mortgage details, being validate by FCA and exchange client data in case of a switch of bank by clients.
Start Year 2017
 
Description Bermuda Monetary Authority 
Organisation Bermuda Monetary Authority
PI Contribution Advisory services and brainstorming
Collaborator Contribution Participation to BARAC meetings and contribution to sub-committee activities for case studies on digital currencies and insurance services.
Impact Regulation guidelines
Start Year 2018
 
Description BoE: Crypto Currencies, digital Tokens, ICO, Blockchain and Artificial intelligence approach to monitor and regulate 
Organisation Bank of England
Country United Kingdom 
Sector Public 
PI Contribution Several discussions and advisory concerning the fast developing reality of crypto-finance
Collaborator Contribution Contribution to discussion. Organization of meetings with regulators and industry. Participation to our BARAC meetings.
Impact Identification of directions and future guidelines.
Start Year 2017
 
Description DLT for Mortgages: project MAISON 
Organisation Santander Bank
Country United States 
Sector Private 
PI Contribution Santander
Collaborator Contribution Use of DLT technologies to create an exchangeable mortgage market (in collaboration with FCA, Barkley, RBS, bluebank, statestreet, and others).
Impact Construction of a working DLT framework where associated banks and regulator (FCA) can insert mortgage details, being validate by FCA and exchange client data in case of a switch of bank by clients.
Start Year 2017
 
Description FCA: Blockchain for Regulation 
Organisation Financial Conduct Authority (FCA)
Country United Kingdom 
Sector Public 
PI Contribution We actively collaborate and discuss about the use of Blockchain for regulation. We had 5 meetings and several interactions including a full case-study: MASON project
Collaborator Contribution We are working with Barry West from the FCA's FinTech & RegTech Strategy team on project Maison and its successor project. The Bank of England is also connected to this project. Maison and its successor test regulatory technology from an operational perspective. At present the FCA issues Handbook. It is up to regulated entities to interpret it and arrange for compliance. It is then for the regulator to determine if entities have complied and for the courts to settle any disputes. When regulations are issued in code this patter may change. It would be possible for the FCA to issue and update regulations in code. The FCA's team is currently experimenting with technology that could be used to automate certain reporting obligations. My role is to inform this process from the perspective of big picture regulatory policy. We need identify how the technology would affect the role of the regulator? At which points in the technological processes do questions of policy choice arise? What role will the regulator play? Will the regulator assume responsibility for regulations issued in code? Will the regulator authorise certain fintech providers to supply 'authenticated' regulatory technology to regulated entities? We have had three meetings, at LSE (July 2017), at the FCA (October 2017) and at the Bank of England (November 2017). Economic competitiveness of the UK and effectiveness of public services: It is the UK's ambition to act as a world leader in technology and also to remain a competitive destination for financial services and their regulation. The FCA business plan refers to regulatory technology as one way in which they aim to increase regulatory efficiency. It is also important that the regulator understands the effectiveness and the limits of the technology enabling them to support business while at the same time acting in the public interest.
Impact Construction of a working DLT framework where associated banks and regulator (FCA) can insert mortgage details, being validate by FCA and exchange client data in case of a switch of bank by clients.
Start Year 2017
 
Description Gradbase: Blockchain for university degrees registration 
Organisation Gradbase Limited
PI Contribution Advisory services to help designing the blockchain systems. Provides link with registry and validation.
Collaborator Contribution Setting up a blockchain system to register university certificates on the Blockchain
Impact Large number of subscriptions. Some comments in the press. This is a UK premier for this kind of degree validation. The use of the same mechanism for public services' documents will be the next step.
Start Year 2017
 
Description Monetary Authority of Singapore (MAS) 
Organisation Monetary Authority of Singapore
PI Contribution Advisory services and brainstorming
Collaborator Contribution Participation to BARAC meetings and contribution to sub committee activities for case studies for the use of Blockchain and Artificial intelligence for regulatory activities.
Impact Regulation guidelines
Start Year 2017
 
Description Royal Bank of Scotland: DLT for Mortgages: project MAISON 
Organisation Royal Bank of Scotland
Country United Kingdom 
Sector Private 
PI Contribution Provided advisory and helped in the publication of wite paper and presentation of results
Collaborator Contribution Project MAISON. Use of DLT technologies to create an exchangeable mortgage market (in collaboration with FCA, Santander, barclays, RBS, bluebank, statestreet, and others).
Impact Construction of a working DLT framework where associated banks and regulator (FCA) can insert mortgage details, being validate by FCA and exchange client data in case of a switch of bank by clients.
Start Year 2017
 
Description Whitechapel Think Thank: Blockchain and government 
Organisation Whitechapel Think Thank
PI Contribution Advisory and discussion
Collaborator Contribution Meetings with regulators central banks, academia and industry
Impact A white paper. A meeting at the House of Lords. A House of Lords report by Lord Homes in preparation.
Start Year 2017
 
Description The Future of Money - Public Lecture, LSE 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Public/other audiences
Results and Impact "The event will address the evolving role of money in society. Money used to be gold and is now fiat. Electronic transactions mean we have all but stopped carrying cash. The three panellists will discuss how new financial technology is set to change how money and payment systems are organised, if cryptocurrencies will displace fiat money, and if banks will be replaced by technology providers."

"This event forms part of the "New World (Dis)Orders" series, held in the run up to the LSE Festival, a week-long series of events taking place from 25 February to 2 March 2019, free to attend and open to all, exploring how social science can tackle global issues. How did we get here? What are the challenges? And, importantly, how can we address them? Full programme available online from January 2019."
Year(s) Of Engagement Activity 2018
URL http://www.systemicrisk.ac.uk/events/future-money-public-lecture
 
Description All Party Parliamentary Group on Blockchain 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact The All-Party Parliamentary Group on Blockchain is a series of panel discussions hosted by the House of Commons and facilitated by Big Innovation Centre and its sponsors. The objective is to engage Members of Parliament, industry leaders and practitioners including financial services, technology businesses, consultants, law firms, startups, and experts.

We have participated in many of these discussions, including as a panelist.
Year(s) Of Engagement Activity 2018,2019
URL https://www.appg-blockchain.org/
 
Description BAIConf Blockchain Alternative Investment Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Billed as "the only blockchain conference focused on institutional investors, hedge funds,
sovereign wealth funds, private banks, family offices, high net worth / ultra high net worth individuals, and accredited individuals," this conference aims to address key questions about investment in firms and instruments involving blockchain and distributed ledger technology, as well as risks, trends, and other considerations.
Year(s) Of Engagement Activity 2018
URL https://baiconf.com/
 
Description Blockchain Legal Implications 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact 'Blockchain/Distributed Ledger Technology - Legal Implications', paper presented at 7 Bedford Row Barristers on 11 October 2017. After the key note at WillisTowersWatson, E Micheler was contacted by from Galina Carroll from Hitachie and James Willis from Lombard Risk. They were keen to discuss further and she is staying in contact with them. She has also been invited to join the RegTech Council: https://regtechfs.com/regtech-council/
Year(s) Of Engagement Activity 2017
 
Description Blockchain in the Digital Economy (BIDE) Conference 2019 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Professional Practitioners
Results and Impact Eva Micheler is chair of a panel.

"The Blockchain In the Digital Economy (BIDE) Conference by London Blockchain Labs is bringing together talent and professionals to foster blockchain adoption at Imperial College London on 23rd March 2019.

BIDE is the EU's largest universities-led blockchain conference, with the mission of fostering blockchain adoption. It is a non-profit event that will provide you with real value-add - just check what BIDE offers you below."
Year(s) Of Engagement Activity 2019
URL https://www.eventbrite.com/e/blockchain-in-the-digital-economy-bide-conference-2019-tickets-55097726...
 
Description Briefing notes for the House of Commons and the House of Lords on DLT and Blokchain 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Elaborating notes which are distributed to members of the House of Commons and the House of Lords concerning Blockchain and DLT
Year(s) Of Engagement Activity 2017,2018
 
Description Commonwealth ICT Roundtable 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact This was a five-day event held on 28 October 2018, at which Eva Micheler presented.

"The objective of the round table is to enable participants
to develop a better understanding of policy, regulatory and
management issues relating to the ICT sector."

"This event is designed for newly appointed board
members, lawmakers and senior officials from ICT and
telecommunications regulatory organisations for the
implementation and management of ICTs."
Year(s) Of Engagement Activity 2018
URL https://cto.int/wp-content/uploads/2013/01/Commonwealth-ICT-Round-Table-OCT-2018.pdf
 
Description Conference session organization 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact We organized a BARAC section at the workshop "Statistical Physics for the Digital Economy" (http://blockchain.cs.ucl.ac.uk/sigma-phi/) part of the Sigma-Phi conference in Corfu: http://sigmaphisrv.polito.it/.
Year(s) Of Engagement Activity 2017
URL http://blockchain.cs.ucl.ac.uk/sigma-phi/
 
Description Data Analysis, Fintech, and Regulation 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Invited talks: "Data Analysis, Fintech, and Regulation", Nicosia, 2017-10-23. And "Blockchain Systems: An Overview" Nicosia, 2017-10-24.
Year(s) Of Engagement Activity 2017
 
Description Digital Catapult Blockchain in Action: DLT in industry 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Geoff Goodell participated in a panel on 20 November 2018.

"Join Digital Catapult and industry experts on Tuesday 20 November as we discuss our latest research. Plus discover how blockchain and other Distributed Ledger Technologies (DLT) can be applied to transform the future of businesses in the UK."

"The UK has seen a lot of buzz around blockchain in the last few years, yet we've seen little in the way of any demonstration of its practical application outside of cryptocurrency."

"At the event you will hear from industry leaders and be joined by a hand picked audience of DLT specialist organisations and prominent researchers in the field."
Year(s) Of Engagement Activity 2018
URL https://www.digicatapult.org.uk/news-and-views/press/giving-substance-to-the-hype-blockchain/
 
Description EMSCOMM - Electronic Money Supervisory Commission 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Invited presentation at EMSCOMM - Electronic Money Supervisory Commission
Year(s) Of Engagement Activity 2018
 
Description EU Blockchain Forum workshop on e-identity 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact This event was held on 7 November 2018. During the day, discussions covered topics such as eIDAS regulation, identity standards and identity in the context of a European blockchain infrastructure.
Year(s) Of Engagement Activity 2018
URL https://www.eublockchainforum.eu/events/workshop-e-identity-brussels
 
Description European Commission Roundtable on cryptocurrencies - opportunities and risks 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Outreaching presentation and debate at the European Commission open by Juncker
Year(s) Of Engagement Activity 2018
 
Description FCA Workshop on Model-Driven and Machine Executable Regulation 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact This was a workshop hosted by WillisTowersWatson in London on behalf of FCA. Eva Micheler delivered the keynote speech.
Year(s) Of Engagement Activity 2018
 
Description Fintech Connect 2018, Excel Centre London 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact " We have 7 unique conferences taking place on the showfloor of this year's FinTech Connect, covering all corners of the fintech world. Featuring 250+ industry-leading speakers, this year's conference schedule has been designed to shine a light on the major fintech segments that have been gathering significant momentum, either due to increased consumer adoption or because they are progressing the digital transformation agenda for financial institutions."
Year(s) Of Engagement Activity 2018
URL https://www.fintechconnect.com/2018-conferences-at-fintech-connect
 
Description Fraud Lawyers Assocation educational event on Crypto Currencies & Fraud 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact "The educational topic is crypto currencies and fraud.

The speakers will be:-

- Dr Eva Micheler, Associate Professor (Reader) in Law at LSE

- Jill Lorimer, criminal partner at Kingsley Napley LLP

- Will Christopher, civil partner at Kingsley Napley LLP

Topics covered will include:-

- How Bitcoin and distributed ledger/blockchain technology works

- How it connects to legal questions about the holding and transfer of securities

- How crypto currencies are currently being used in furtherance of fraud

- What challenges crypto currencies pose from a regulatory and a criminal defence perspective

- The difficulties in identifying parties to a transaction

- Where the fraudster has weaknesses

- Jurisdiction problems"
Year(s) Of Engagement Activity 2018
URL https://www.thefraudlawyersassociation.org.uk/2018/02/fla-educational-event-crypto-currencies-fraud-...
 
Description Global Thinkers Forum Panel on Digital Identity 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact This was a special panel session hosted by Rt Hon Lord Alderdice at Westminster Palace.

"Modern digital technology infrastructure relies heavily upon services that often require their users to establish accounts and assert their identities as they make use of the services. For this reason, the collection, aggregation, and analysis of personal data have become politically contentious issues, as the businesses that operate on such data often have little or no public accountability with respect to how the data are gathered and used. When marginalised communities are involved, the problem is exacerbated because of the inability of public institutions to defend the interests of individuals and small businesses against the interests of those who seek, or are in, control."

Global Thinkers Forum organises a timely discussion, moderated by Geoffrey Goodell.
Year(s) Of Engagement Activity 2018
URL http://www.globalthinkersforum.org/timeline-of-events/gtf-2018/panel-on-digital-identity-in-the-hous...
 
Description ISO standards and BSI 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Participation and foundation of ISO and BSI standard committees to establish future standards for DLT and Blockchain. London -UCL- will host the next ISO standard international meeting for DLT and Blockchain standards this May.
Year(s) Of Engagement Activity 2017,2018
 
Description International Association for Trusted Blockchain Applications (INATBA) 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact "The new association will work closely with the European Commission and with Member States grouped within the European Blockchain Partnership in supporting interoperability, developing specifications, promoting standards and regulatory convergence to support the development and exploitation of innovative blockchain technologies."
Year(s) Of Engagement Activity 2019
URL https://tokenpost.com/European-Commission-to-launch-International-Association-for-Trusted-Blockchain...
 
Description International Conference on Information Systems (ICIS) San Francisco 2018 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact This is a research conference with an industry focus.

"The conference brings together information systems researchers from around the world to discuss cutting edge research."
Year(s) Of Engagement Activity 2018
URL https://icis2018.aisconferences.org/
 
Description LSE Public Event on 'Artificial Intelligence and Systemic Risk' 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Public/other audiences
Results and Impact This is a public discussion at LSE; the video for the event is available online.

"With Artificial Intelligence overtaking human intelligence at driving cars and outplaying it at games, is the financial system next? Will AI stabilise or destabilise the financial system? Might AI even cause a systemic financial crisis? This event was co-hosted by the Systemic Risk Centre, LSE and Centre for Blockchain Technologies, UCL. The Systemic Risk Centre (SRC) was set up to study the risks that may trigger the next financial crisis and to develop tools to help policymakers and financial institutions become better prepared."
Year(s) Of Engagement Activity 2018
URL https://www.youtube.com/watch?v=iKGp0erM80o
 
Description Lombard Risk EMEA Regulatory Reporting Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact "The Lombard Risk Regulatory Conference - now in its 5th year will take place on Thursday 21st June at the Grange St.Pauls Hotel, London. As a major heads-up around regulatory change in the short, medium and indeed longer term, Lombard Risk brings you our annual regulatory conference. The event has become a must for firms wanting to know what may impact them now, and for those planning strategically for how reporting will be done."
Year(s) Of Engagement Activity 2018
URL https://www.lombardrisk.com/the-lombard-risk-regulatory-conference-2018-2/
 
Description Milken Institute London Summit 2017 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact "This private session will explore the potential efficiency, liquidity, and security gains for institutional investors from more widespread adoption of blockchain technologies in securities markets, as well as the potential risks and formidable implementation issues. It will review current initiatives in EU securities-market integration using blockchain, regulatory issues and approaches to blockchain-enabled trading activities, and some of the more cutting-edge initiatives in cryptocurrency and tokenization."
Year(s) Of Engagement Activity 2017
URL http://www.milkeninstitute.org/events/conferences/summit/london-summit/panel-detail/7777
 
Description OIX Blockchain, Identity, Trust and Governance 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact The purpose of this workshop was to elaborate and share insights about trust and governance in blockchain and distributed ledger systems, and ways to design or configure such systems or their integration within busines and government contexts to achieve certain trust and governance objectives in practice. Topics discussed included identity standards, trust frameworks, accounting considerations, real-world use cases, and applications of blockchain to regulation. The audience consisted mainly of policymakers, practitioners, and businesses.
Year(s) Of Engagement Activity 2018
URL https://www.openidentityexchange.org/bitgov/wp-content/cache/page_enhanced/www.openidentityexchange....
 
Description Organization of BARAC session at the P2P Financial Systems Conference 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact We organized a special session with invited talk dedicated to BARAC. The conference was held at UCL (London, July 2017). It was a great success with ove 100 participants form both Academia, Regulators and Industry.
Year(s) Of Engagement Activity 2017
URL http://blockchain.cs.ucl.ac.uk/events/
 
Description Oxford University Centre for Technology and Global Affairs Workshop on Blockchain and Cryptoassets 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact "On November 8-10, 2018, Oxford University's Centre for Technology and Global Affairs - together with Adjoint and B2C2 - hosted the first Workshop on Blockchain and Cryptoassets. The event convened senior regulators, academics, policymakers, and industry leaders to explore pressing policy challenges associated with the development of cryptoassets and other blockchain technologies."

Geoff Goodell spoke on a panel that also included the Head of Unit for Startups and Innovation of DG CONNECT, European Commission.
Year(s) Of Engagement Activity 2018
URL https://www.ctga.ox.ac.uk/article/centre-hosts-workshop-blockchain-and-cryptoassets
 
Description Presentation to Oxford Centre for Technology and Global Affairs seminar series 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact This was a talk given as part of the CTGA weekly seminar series on 17 October 2018. The topic was "Cryptocurrencies: Toward a Privacy-Enhancing Electronic Value Exchange." Researchers and representatives from industry were in attendance.
Year(s) Of Engagement Activity 2018
URL https://www.ctga.ox.ac.uk/event/toward-privacy-enhancing-electronic-value-exchange
 
Description Presentation to University of Sydney Interoperability for Extreme Events Research Group 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact This was a presentation by Daniel Gozman on 14 September 2018.

"Effective disaster and emergency management hinges on the ability of government, agencies, communities, and individuals to work together to achieve the best outcomes. Technological change also has the potential to expand and enhance the ways emergency services work together before disaster strikes.

This calls for research initiatives that seek to minimise the serious risks and threats that can confront volunteers, communities and professionals and impact their lives and livelihoods."
Year(s) Of Engagement Activity 2018
URL https://sydney.edu.au/business/our-research/research-groups/interoperability-for-extreme-events.html
 
Description RegTech Rising industry forum, London 2018 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact This is a conference that draws financial institutions, regulators, and practitioners to discuss the evolution of ongoing regulation and technology.

"The 2018 agenda covered:
How financial institutions are investing in and implementing regtech.
Best practices for managing regtech across your whole organisation.
How to avoid time-consuming and costly mistakes with regtech integration.
How you can leverage regtech to manage your compliance risks better."

"Hear directly from key decision makers from major international regulatory bodies including FCA; ECB; EBA; Bank of England, ADGM; FINRA; DNB; SIRA."

"Supervisors impart their latest thinking and meet face-to-face with banks implementing their frameworks."
Year(s) Of Engagement Activity 2018
URL https://finance.knect365.com/regtech-rising/
 
Description Regulatory Technology 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact 'Regulatory Technology', key note speech presented at the FCA Workshop on Model Driven and Machine Executable Regulation held on 1 February 2018 at WillisTowersWatson
Year(s) Of Engagement Activity 2018
 
Description Sciences Po Law School - Critical Approach to Big Data and the Law 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact This event included two roundtable discussions on big data and justice hosted by Sciences Po Law School in Paris on 16 March 2018.
Year(s) Of Engagement Activity 2018
URL https://www.sciencespo.fr/ecole-de-droit/en/content/critical-approach-big-data-and-law.html
 
Description Swiss-UK Blockchain workshop 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact This event connected academic researchers to start-ups and other practitioners in blockchain and distributed ledger technologies in Switzerland. The objective was to facilitate dialogue about technology and applications and to cultivate relationships between Switzerland and UK researchers and practitioners.

This event was held on 15 March 2018 and was sponsored by the Lucerne University of Applied Sciences and the Cryptovalley Association.
Year(s) Of Engagement Activity 2018
 
Description The Second Internet Insurance Development Conference 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Presentation at the international conference: The Second Internet Insurance Development Conference Beijing 23-24 Nov 17
Year(s) Of Engagement Activity 2017
 
Description UK Gov Distributed Ledger Technology Community of Interest 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact "Supported by the Open Innovation Team, this community was one of the recommendations of the Government Chief Scientist's pioneering report in 2016, with a view to sharing technical expertise from the academic and start-up communities to the officials who would be asked to deliver Distributed Ledger Technology (DLT) solutions for public services."
Year(s) Of Engagement Activity 2018,2019
URL https://openinnovation.blog.gov.uk/2018/03/05/distributed-ledger-technology-community-of-interest/
 
Description UK-China Fintech and Regtech 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact A closed-door meeting to discuss UK-China fintech and Regtech
Year(s) Of Engagement Activity 2018
 
Description Unlock Blockchain Conference 2018 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Invited presentation at Unlock Blockchain Conference 2018. https://www.unlock-bc.com/
Year(s) Of Engagement Activity 2018
URL https://www.unlock-bc.com/
 
Description What is Blockchain? panel discussion at Stanton Library, North Sydney 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach Local
Primary Audience Public/other audiences
Results and Impact Thursday 16 August 2018, 7pm.

"Sit down with Prof. Liming Zhu, Dr. Daniel Gozman and David M Henley to explore the potential, dangers and opportunities of this new technology."
Year(s) Of Engagement Activity 2018
URL https://www.northsydney.nsw.gov.au/files/assets/public/docs/6_library_databases/stanton_news/stanton...
 
Description Womble Bond Dickinson Blockchain -- Game Changer or Game Over panel 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact This was a panel hosted by Womble Bond Dickinson.

"Hear from an expert panel, led by keynote speaker Lord Holmes of Richmond MBE, Vice-chair of the All-Party Parliamentary Group on Blockchain.

We will discuss the latest Blockchain trends and breakthroughs, and share ideas on how to adapt to what is coming next."
Year(s) Of Engagement Activity 2018
URL https://www.womblebonddickinson.com/uk/insights/events/blockchain-game-changer-or-game-over
 
Description organization BARAC meeting 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact We organized two BARAC meetings: the first at the end of May and the second at the beginning of December 2017. At both workshops we had a large participation (50-100) of Regulators (FCA, BoE, Monetary Authority of Singapore, Monetary Authority of Cyprus, Monetary Authority of Bermuda), academia (UCL, King's College, LSE, University of Henley, Queen Mary College), Industry (R3, Lykke, ATS, Santander, Barclays, StateStreet, Bluebank, Aestheticintegration, Dallavedova-Law-Firm, Bakermckenzie, EY, Resilience-partners, Axiomhq) and Government (Department of work and pension).
Year(s) Of Engagement Activity 2017