I am very pleased to lecture two blocks in the fifth round of the Blockchain and FinTech certificate program at the University of Liechtenstein:
- Digital Innovations / FinTech Business Models and Economics
Possible Strategies and Roles for Financial Intermediaries - Introduction to DeFi (Decentralized Finance)
The first part is about introducing the students to the following aspects:
- What is an innovation and what distinguishes it from an invention?
- What is FinTech?
- What is a FinTech innovation and what is not?
- What are the challenges?
- What are the business fields?
- What do the business models look like?
- What are the types of market participants?
- How does the disruption happen?
- What are the economic implications for the market participants?
- What are the options and possible strategies for a traditional financial intermediary?
- What are the future roles in the financial services business?
Im zweiten Teil werden die Grundlagen von Decentralized Finance vermittelt. Neben dem grundsätzlichen Verständnis sowie der Funktionsweise von verschieden Protokollarten (Exchanges, Lending and Borrowing, Stable Coins, Investment Management etc.), soll speziell auch auf die Risiken und Herausforderungen eingegangen werden. Im Speziellen wird auf die Abgrenzung zur zentralisierten Finanzwelt und der verbreiteten "pseudo" Dezentralisierung in DeFi eingegangen.