Wednesday, November 24, 2021

Decentralized Finance (DeFi) Infrastructure - Training

Colleagues, the Decentralized Finance: The Future of Finance program consists of four courses taught by Campbell R. Harvey (Professor of Finance at the Fuqua School of Business, Duke University, and a Research Associate of the National Bureau of Economic Research) that focuses on decentralized finance (DeFi). Gain high-demand skills in Cryptography, Smart Contracts, Decentralized Protocols, Governance and Blockchain Mechanics. Training modules include: 1) The History of Decentralized Finance -  a historical perspective of exchange beginning with early barter, species currency (backed by, e.g., gold), fiat currency and electronic transfers. The module introduces some of the key problems that have arisen with the current system. It closes with the introduction to Satoshi Nakamoto’s famous 2008 paper which introduced cryptocurrency; 2) DeFi Foundations - the key foundations for DeFi, starting with the mechanics of blockchain including cryptographic hashing. The module then explores the innovation of smart contracting - a key ingredient for DeFi. There is also a discussion of the differences between the first cryptos and stablecoins.; 3) Problems DeFi Solves - the key problems with today’s legacy financial system which include: inefficiency (costly, slow, and insecure transactions); limited access (many cannot access banks and many that have bank accounts find it difficult to get loans); opacity (it is unclear how healthy our commercial financial institutions are); centralized control (current system is dominated by oligopolies that push prices higher than competitive prices) and interoperability (difficulty in moving funds across different legacy financial institutions); 4) DeFi Myths and Facts - explores various different myths including: all cryptocurrencies are anonymous; blockchains are routinely hacked; quantum computing will destroy all blockchain based currencies; and the crypto ecosystem is so small that it is unlikely to compete with legacy financial institutions.

Register today (teams & execs welcome): https://tinyurl.com/jaz2e3ht 


Much career success, Financial Certification Academy


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