Written by John Lounsbury
This week we have the introductory lecture for the MIT course “Blockchain and Money” (Course # 15.S12) in the fall semester 2018. The course was presented by Prof. Gary Gensler.
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From the course description:
This course is for students wishing to explore blockchain technology’s potential use – by entrepreneurs and incumbents – to change the world of money and finance. The course begins with a review of Bitcoin and an understanding of the commercial, technical, and public policy fundamentals of blockchain technology, distributed ledgers, and smart contracts. The class then continues on to current and potential blockchain applications in the financial sector.
This is the first lecture in the 24 lecture course. The other 23 lectures are also available on video.
Some of the slides for the entire course are available here.
Gary Gensler (born October 18, 1957) is an American academic, former investment banker, and former government official. Gensler leads the Biden – Harris transition‘s Federal Reserve, Banking and Securities Regulators agency review team. He is also a professor at the MIT Sloan School of Management.
Gensler previously served as the 11th chairman of the Commodity Futures Trading Commission, under President Barack Obama, from May 26, 2009 to January 3, 2014. He was the Under Secretary of the Treasury for Domestic Finance (1999 – 2001), and the Assistant Secretary of the Treasury for Financial Markets (1997 – 1999). Prior to his career in the federal government, Gensler worked at Goldman Sachs, where he was a partner and co-head of finance. Gensler also served as the CFO for the Hillary Clinton 2016 presidential campaign.
President Joe Biden has nominated Gensler to serve as 33rd chair of the U.S. Securities and Exchange Commission. On March 11, 2021, his nomination was reported out of the Senate Banking, Housing and Urban Development Committee by a vote of 14 – 10. His nomination is pending before the full United States Senate.
The lecture is 1 hour and 2 minutes long. In my case it seemed much shorter. Gensler is a captivating lecturer and the pace of presentation is very unrushed. I wish all my professors had his presentation skills when I was a student. Only a few came close.