On Blockchains and Payment Systems
Lectures on Blockchain - David Yermack
Watch David Yermack’s full Stigler Center lecture on the potential implications of blockchain technology for the future of finance. First part of a three-part series.
In January, NYU professor David Yermack taught a mini-course of three stand-alone lectures at the Stigler Center on the potential implications of blockchain technology.
Yermack, the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business, has researched blockchain technology extensively in recent years. His Stigler lectures touched on the potential implications of blockchains for the future of finance, as well as for managers, institutional investors, small shareholders, auditors, central banks, and other groups in the financial world.
As a service to the readers of ProMarket, we will be posting the videos and full transcripts of the lectures. Below, you’ll find a video and transcript of the first lecture, slightly edited for clarity:
“I Expect That Within the Next 10 Years, Probably Half of the Banks Will be Gone”
Blockchains and Corporate Finance: “In a Blockchain Market, Shareholder Activists Might Play Much Less of a Role”
“The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy”