Apart from their assigned mod courses, 1L students may only enroll in courses offered as 1L electives. A complete list of these courses can be found on the 1L Elective Listings page. 1L students must use the 1L class number listed on the course description when enrolling.
247.6 sec. 001 - Blockchain Innovation for the Unbanked Billions (Spring 2022)
Instructor: Brynly Llyr (view instructor's teaching evaluations - degree students only)
View all teaching evaluations for this course - degree students only
Grading Designation: Credit Only
Mode of Instruction: In-Person
Th 3:35 PM - 5:25 PM
Location: Law 145
From January 13, 2022
To February 24, 2022
Course End: February 24, 2022
Class Number: 32251
Enroll Limit: 36
As of: 05/19 12:35 PM
Well before the global pandemic that highlighted the substantial and global divides between the wealthy and poor, plunging many into preventable poverty and hunger, 1.7 billion adults were unbanked - effectively without access to a financial institution. Meanwhile, for those within the global banking system, our traditional financial controls fail to prevent up to 2-5% of global GDP in money laundering - effectively enabling criminal enterprises to launder up to $2 trillion US dollars annually. These challenges are not accidental: the majority of our traditional financial regulations are decades old, put in place long before the internet and modern fintech innovation. We now have the opportunity to explore how innovative technology, such as blockchain and decentralized peer to peer systems, can empower the nearly 2 billion adults who have been left out of traditional financial systems, while leveraging the unique characteristics of these new technologies to improve illicit finance detection through thoughtful revisions to our laws.
In this course, we will explore the basic tenets of decentralized blockchain systems and how they can be leveraged to promote financial inclusion and responsible innovation. We will explore how financial system challenges - including money laundering, tax evasion, terrorist financing, fraud, consumer protections, and privacy - may be addressed by new technologies, and how our regulations can better address these concerns leveraging the unique characteristics of blockchain systems.
Attendance at the first class is mandatory for all currently enrolled and waitlisted students; any currently enrolled or waitlisted students who are not present on the first day of class (without prior permission of the instructor) will be dropped. The instructor will continue to take attendance throughout the add/drop period and anyone who moves off the waitlist into the class must continue to attend or have prior permission of the instructor in order not to be dropped.
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A reader will be used in this class.
Instructor has indicated that no books will be assigned.