About the Forum

Blockchain and the ecosystem of distributed ledger technologies is still in an early stage of technological development but is a fast evolving environment.

As the hype around “cryptocurrencies” is starting to fade, now comes the time to explore the policy implications of the technology more broadly and consider a holistic response, including an appropriate regulatory environment, at a global level that will facilitate a viable and fit-for purpose innovation and adoption of the technology.

In addition to the main programme, the 2019 Forum included a series of small workshops as well as a Govtech Start-up showcase featuring entrepreneurs working on blockchain-based solutions for the delivery of government services and achieving policy objectives.

WORKSHOP SESSION TITLE : Blockchain Risks: Fraud detection and cyber risks

Speakers: Paolo Giudici, Anca Mirela Toma

Blockchain and distributed ledger technologies have the potential to improve financial services.

Besides the benefits, they may also bring risks that may lead to financial and/or reputational losses.

The aim of this session is to investigate two of the main financial risks arising from the application of blockchain technologies and of financial technology, in general.

In the first part of the session we will examine fraud risks, within the context of initial coin offerings (ICOs), and propose statistical methods able to identify in advance the likelihood of an ICO being a fraud or a failure, using social networks text data.

In the second part of the session, we will examine the recent evolution of cyber risks, and propose econometric methods aimed at explaining them according to industry-specific characteristics, such as firm size and IT skills, as well as on technology characteristics such as cloud dependencies, and interconnections.

Cryptovalues provide, with the kind permission of Professor Giudici, the slides of the presentation.

Download slide here: