Blockchain gained prominence as the technological basis for Bitcoin, a cryptocurrency issued independent of central banks which can be used for making payments without the need for intermediaries. It has since led to platforms that allow us to create smart contracts that automate tasks, additional cryptocurrencies and crypto-assets, and applications covering anything from fund-raising for startups to ensuring trust and transparency in large engineering projects. The technology is still quite new and while innovative applications continue to be developed and tested in markets, technological fixes may be needed as and when problems are exposed. Its anonymity in the context of cryptocurrency transactions also leaves scope for fraud, which has tax agencies and regulators attempting to regulate financial applications. Even so, it constitutes a fundamental technological disruptor which has the potential to change the way business is conducted and payments are made. This course provides you with an introduction to the technological concepts underlying blockchain and cryptocurrencies, and applications of blockchain to the digital economy including common blockchain platforms and cryptocurrency markets.
Introduction to blockchain, distributed system structures, smart contract systems, concepts of digital money and digital economy, programming with Python, blockchain basics, blockchains for cryptocurrencies, blockchain platforms, other blockchain applications and cryptocurrency markets.
|Learning Outcomes||Program Learning Outcomes||Teaching Methods||Assessment Methods|
|Students will be able to understand blockchain implementations in different areas, including the underlying technologies as well as limitations||2,4,6||1,2,3||A,B|
|Students will be able to gain, and develop, an understanding of existing cryptocurrencies and issues vis-à-vis their adoption||2,4,6||1,2,3,4||A,B|
|1||Programming with Python-I|
|2||Programming with Python-II|
|3||Basic Concept of Digital Cash|
|4||Bitcoin Overview and Technologies|
|7||Transactional Consensus: Blockchain|
|9||Blockchain 1.0: Currencies|
|10||Blockchain 2.0: Contracts|
|11||Blockchain 3.0: Additional Applications|
|13||Cryptocurrencies and Cryptocurrency Markets|
Swan, M., Blockchain: Blueprint for a New Economy, O'Reilly Publishing.
Schär, F. and Berentsen, A., Bitcoin, Blockchain, and Cryptoassets, The MIT Press.
|Additional Resources||Articles and cases.|
|CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE||40|
|CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE||60|
|COURSE'S CONTRIBUTION TO PROGRAM|
|No||Program Learning Outcomes||Contribution|
By the use of genuine thinking and research, being able to develop and investigate the details of up to date and advanced knowledge and literature on the fields of finance and economics; to reach innovative and new definitions in specified fields
To have the skills of analysing and evaluating the information in multiple fields together; starting from these information, being competent in independently planning and carrying out scientific research studies
|3||To have the skill of passing the knowledge to people, with theoretical and practical basis.||X|
To produce scientific papers with individual or group work in various subjects including finance, economics, statistics and computer science; to publish in national and international refereed journals; to present in national and international meetings.
To be informed about the recent information and developments on international basis.
|6||To be able to use and benefit from the software programs, data processing and information technologies required in the relevant fields.||X|
|ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION|
|Course Duration (Including the exam week: 16x Total course hours)||15||3||45|
|Hours for off-the-classroom study (Pre-study, practice)||15||8||120|
|Total Work Load||250|
|Total Work Load / 25 (h)||10|
|ECTS Credit of the Course||10|