Completion requirements
Cryptocurrencies and blockchain technology are some of the means of how technology is entering the financial world. As technology advances, so does the financial products and the provision of these products and services. After watching this video and going through the attached slides, you will learn more about how technology is shaping the world of finance. Is the emergence of multiple non-central bank-backed cryptocurrencies threatening traditional central bank-backed currencies?
Shaping the Financial World
Blockchain Technology
Smart Contracts
- “Aset ofpromises,
- specifiedindigitalform,
- includingprotocols
- withinwhichthepartiesperform onthesepromises.”
Nick Szabo, 1996
- SmartContractsmaynotbe 'Smart'
- SmartContractsmaynotbe 'Contracts'

Crypto Token Sectors
- Payment / Store of Value Tokens $152B – 76%
- Bitcoin ($128B), ...
- Platform Tokens $29B – 15%
- Ethereum ($18B), ...
- DApp Tokens $10B – 5%
- Binance Coin ($2.3B), ...
- Stable Value Tokens $8B – 4%
- Tether ($6.4B), ...
- Tokenized Securities and Assets
Blockchain Tech Potential Uses
- SpeculativeInvesting
- Crowdfunding through Initial Coin Offerings
- Tokens for Exchanges, Gaming, Gambling, DeFi & FileSharing
- Tokenized Fiat (StableValue Coins), Securities & Assets
- Payment Systems
- Trade Finance & Supply Chain Management
- Clearing, Settlement & Processing
- Central Bank Initiatives
- Digital ID & MIT Diploma
- Medical Records, Property Records, Internet of Things, Voting ...