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ITPSC October 2019 Monthly Meeting

  • 15 Oct 2019
  • 12:00 PM - 1:30 PM
  • Senate's End, 300 Senate Street, Columbia SC

Registration


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Please join us for our Tuesday, October 15, 2019 meeting at Senate's End.  

Senate's End is located at 300 Senate Street in Columbia, SC.

Sponsored by:  ITPSC

Topic:

"Blockchain technology, Cryptocurrency, Bitcoin, and decentralized systems"

Blockchain technology:  Elizabeth DeVos will present an overview and understanding of Blockchain technology. “The Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

Cryptocurrency:  Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups. Because most cryptocurrencies aren’t regulated by national governments, they’re considered alternative currencies – mediums of financial exchange that exist outside the bounds of state monetary policy.

Bitcoin:  Bitcoin is widely regarded as the first modern cryptocurrency – the first publicly used means of exchange to combine decentralized control, user anonymity, record-keeping via a blockchain, and built-in scarcity. It was first outlined in a 2008 white paper published by Satoshi Nakamoto, a pseudonymous person or group.

Decentralized systems:  One of the most exciting aspects of blockchain technology is that it is entirely decentralized, rather than stored in one central point. This removes the need for powerful central authorities and instead hands control back to the individual user. Here we will examine how this system works, what it means for our future and why it is so revolutionary. 

Speaker:  

Elizabeth A. DeVos, Nelson Mullins Law Firm

Elizabeth DeVos advises a variety of entities with regulatory and compliance matters related to the consumer finance industry, including state and federal consumer protection laws, regulation and licensing, anti-money laundering and Bank Secrecy Act compliance, and traditional and non-traditional lending. Ms. DeVos assists clients throughout the lifecycle of product development as they strive to offer new and innovative products and services through both traditional and online channels. She regularly works with banks, mortgage companies, consumer lenders, payments companies, auto lenders, and FinTech companies to develop compliance policies and procedures, review compliance with state and federal laws, and draft key contracts. 

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