This course covers recent developments in the area of financial innovation (FINTECH), such as Blockchain, digital currencies, peer-to-peer method of identifying ownership, and smart contracts. Its goal is to analyze the emergence of Blockchain and related innovations as highly disruptive technologies for the financial industry, business laws, accounting and monetary economics (central banking).
To fully understand the implications of such technologies, we will cover various related topics such as the nature of money, legacy payment and banking, basics of crypto technology, digital currency systems, peer-to-peer transactions, governance and regulation of emerging technologies, double entry bookkeeping, and financial exchanges. We will also focus on several digital currencies, their “intrinsic value,” the reasons for their recent popularity, and the microstructure of their trading. Finally, we will survey various ventures that begun to capitalize on these innovations.
To enhance students’ understanding of the most recent and most promising financial innovations that will change the nature of the professional jobs that would be available in the future for students majoring in finance, accounting, and other business areas. The course also intends to create a bridge between business, law, and computer science. Students majoring in these areas would be equipped with a basic knowledge in each other’s fields, which should enhance the quality of their communications after entry into their corresponding careers.
- Teacher: Gonul Colak
- Teacher: Ville Savolainen