1
Information

Syllabus

Calendar

Readings

Study Questions

Assignments

2
Lecture Notes

Introduction (PDF- 1.7MB)

Money, Ledgers, and Bitcoin (PDF - 2.6MB)

Blockchain Basics and Cryptography (PDF - 1MB)

Blockchain Basics and Consensus (PDF - 1.9MB)

Blockchain Basics and Transactions, UTXO, and Script Code (PDF - 1.3MB)

Smart Contracts and DApps (PDF)

Technical Challenges (PDF)

Public Policy (PDF - 1.9MB)

Permissioned Systems (PDF)

Financial System Challenges and Opportunities (PDF - 2.5MB)

Blockchain Economics (PDF)

Assessing Use Cases (PDF)

Payments, Part 1 (PDF - 2MB)

Payments, Part 2 (PDF)

Central Banks and Commercial Banking, Part 1 (PDF - 1.4MB)

Central Banks and Commercial Banking, Part 2 (PDF - 1.5MB)

Secondary Markets and Crypto-Exchanges (PDF 1.5MB)

Primary Markets, ICOs, and Venture Capital?, Part 1 (PDF - 1.3MB)

Primary Markets, ICOs, and Venture Capital, Part 2 (PDF)

Post Trade Clearing, Settlement, and Processing (PDF 1.4MB)

Trade Finance and Supply Chain (PDF - 1.2MB)

Digital ID (PDF)

Conclusion (PDF - 2.3MB)

3
Video Lectures

Session 1: Introduction

Session 2: Money, Ledgers, and Bitcoin

Session 3: Blockchain Basics & Cryptography

Session 4: Blockchain Basics and Consensus

Session 5: Blockchain Basics and Transactions, UTXO, and Script Code

Session 6: Smart Contracts and DApps

Session 7: Technical Challenges

Session 8: Public Policy

Session 9: Permissioned Systems

Session 10: Financial System Challenges and Opportunities

Session 11: Blockchain Economics

Session 12: Assessing Use Cases

Session 13: Payments, Part 1

Session 14: Payments, Part 2

Session 15: Central Banks & Commercial Banking, Part 1

Session 16: Central Banks & Commercial Banking, Part 2

Session 17: Secondary Markets and Crypto-Exchanges

Session 19: Primary Markets, ICOs, & Venture Capital, Part 1

Session 20: Primary Markets, ICOs, & Venture Capital, Part 2

Session 21: Post Trade Clearing, Settlement, & Processing

Session 22: Trade Finance & Supply Chain

Session 23: Digital ID

Session 24: Conclusion

Blockchain and Money

About

A golden coin sits on a motherboard. Three mini figurines surround the coin with tools.

Figurines work on mining a Bitcoin. (Image by Marco Verch. License: CC BY.) 

Instructor(s)

Prof. Gary Gensler

MIT Course Number

15.S12

As Taught In

Fall 2018

Level

Graduate

Cite This Course

 

 

Course Features

Course Description

This course is for students wishing to explore blockchain technology's potential use—by entrepreneurs and incumbents—to change the world of money and finance. The course begins with a review of Bitcoin and an understanding of the commercial, technical, and public policy fundamentals of blockchain technology, distributed ledgers, and smart contracts. The class then continues on to current and potential blockchain applications in the financial sector. 

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