The Wall Street Blockchain Alliance Certification Framework (WCF) has announced it will use distributed ledger technology to authenticate certificate issuance and tamper-proof content for its ...
The Wall Street Blockchain Alliance Certification Framework (WCF) has announced it will use distributed ledger technology to authenticate certificate issuance and tamper-proof content for its fall/winter courses.
The use of distributed ledger technology is consistent with the alliance’s goal of promoting the adoption of distributed ledger technology across financial markets.
The WCF serves as a core body of knowledge for the Wall Street Blockchain Alliance (WSBA) to plan, build and deliver on blockchain technology’s potential in the financial markets sector.
This dual adoption of blockchain technology will allow candidates to prepare online for WCF exams. The preparation will give them the confidence that test preparation content is exactly as set by the examination authority. It will also assure them that certifications awarded are tamper-proof and authenticated.
The program is expected to achieve national accreditation that will support WSBA efforts to establish formal ties with the New York based non-profit 501 (c) (6) trade association. Such efforts are already under way with peer international bodies.
“By leveraging blockchain technology for the content and examination processes, we expose candidates to real-life applications of the technology while continuing to expand and explore the implementation possibilities,” said Andrew Kasaija, a managing partner of Positrust, the WSBA strategic partner managing the WCF.
Given the technology stack’s relative immaturity, WSBA is finding some use cases make sense while other widely-reported use cases would be better served by simple cloud-based database solutions.
Through the WCF, the WSBA seeks to develop industry talent capabilities where member firms can realize tangible ROI.
Blockchain authentication for test preparation and certification will begin in the next several weeks in the U.S. Europe and Asia/Pacific will follow.
Also read: Wall Street Block chain Alliance eyes economic empowerment
Following the successful summer launch, the fall proof-of-concept WCF courses have been scheduled and are currently open for registration at www.wcf-poc.com. Six courses comprise the WCF, all of which have been well received. Fall classes were scheduled to begin on September 8 at RISE New York, the facility partner.
More courses are being developed for the winter that will cover blockchain-as-a-service solutions, app development tools, regulatory, cybersecurity, business analyst demand planning, and more.
Since the WSBA membership determines the course requirements, multiple collaborations are expected to take shape in 2017 to ensure that industry talent capabilities being developed meet market requirements.
WCF course content is continuously updated to reflect distributed ledger and supporting technology developments. As the association is technology agnostic, engaging multiple experts across the vendor spectrum continues to be a demanding task.
The WCF provides candidates a single venue to discover, review and grow in their exposure to blockchain technology’s potential in the financial services industry.
Images from Shutterstock and WSBA.