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14.129 | Spring 2025 | Graduate

# Blockchain and the Design of Financial Systems

### Lecture 1: Introduction to 14.129 Blockchain and Design of Financial Systems (PDF)

### Lecture 2: Blockchain as a Database (PDF)

### Lecture 3: Distributed Ledgers as a Solution to an Information Problem (PDF)

### Lecture 4: Smart Contracts as a Solution to a Coordination Problem (PDF)

### Lecture 5: Tokenized and Programmable Assets (PDF)

### Lecture 6: Multilateral Trade Credit Set-Off (MTCS) (guest lecturer Tomaž Fleischman (PDF)

### Lecture 7: Stochastic Financial Networks (PDF)

### Lecture 8: Mechanism Design and Incentives vs. Protocols and Notions of Trust (PDF)

### Lecture 9: Modern Encryption: Key Concepts (PDF)

### Lecture 10: Designs of Financial Infrastructure Utilizing Encryption (PDF)

### Lecture 11: Market Mechanisms and Alternative Equilibria (guest lecturer Samuel Bruce) (PDF)

## Course Info

### Instructor

- Prof. Robert M. Townsend

### Departments

- Economics

### As Taught In

Spring 2025

### Level

Graduate

### Topics

- Social Science
  - Economics
    - Financial Economics

### Learning Resource Types

notes Lecture Notes
theaters Lecture Videos

Browse Resources

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