Studying online (if an online offering is shown below)
There are now 2 possible online modes for units:
Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.
Click on an offering mode for more details.
Unit Overview
- Description
This unit covers digital currencies, blockchains, cryptographic tokens, and related topics in the FinTech area, perhaps the most significant innovation in the financial world in the past century. The technology appears to represent an existential challenge for major parts of the finance industry.
The unit begins with a study of the nature of money and legacy payment and banking systems. Students then study the emergence of stateless, decentralized, cloud-based digital currency systems since 2009, and follow-on investment products, derivatives, and innovations such as initial coin offerings and the extension of cryptocurrency-based technology into securities issuance and trading.
Seminars will explore threats that blockchain technology poses to incumbent firms and even to central banks, and their resulting attempts to co-opt the technology into existing business models. There will also be discussion of related issues including ethical considerations, hacking, “smart contracts,” governance, investment risk and return, and emerging regulatory approaches.
- Credit
- 6 points
- Offering
(see Timetable) Availability Location Mode Semester 1 UWA (Perth) Face to face - Outcomes
Students are able to (1) evaluate blockchains and distributed ledgers as significant innovations in financial record keeping; (2) explain cryptographic consensus as an alternative form of risk management and cybersecurity; (3) identify the emerging uses of cryptographic assets in the mainstream financial system, and in new applications such as ICOs and smart contracts; and (4) critically evaluate ethical and regulatory problems created by peer-to-peer payment systems that operate internationally with decentralized governance.
- Assessment
Indicative assessments in this unit are as follows: (1) assignment / project; (2) mid-semester test; and (3) final examination. Further information is available in the unit outline.
Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.
- Unit Coordinator(s)
- Dr Lai Hoang
- Unit rules
- Contact hours
- Seminars: up to 3 hours per week for 12 weeks
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Visit the Essential Textbooks website to see if any textbooks are required for this Unit. The website is updated regularly so content may change. Students are recommended to purchase Essential Textbooks, but a limited number of copies of all Essential Textbooks are held in the Library in print, and as an ebook where possible. Recommended readings for the unit can be accessed in Unit Readings directly through the Learning Management System (LMS).
- Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.
Face to face
Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
Online flexible
100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit is asynchronous delivery, with NO requirement for students to participate online at specific times.
Online timetabled
100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit includes some synchronous components, with a requirement for students to participate online at specific times.
Online Restricted
Not available for self-enrolment. Students access this mode by contacting their student office through AskUWA. 100% Online Unit.
NO campus face-to-face attendance. All study and assessment requirements are online only. Unit includes some timetabled activities, with a requirement for students to participate online at specific times. In exceptional cases (noted in the Handbook) students may be required to participate in face-to-face laboratory classes when a return to UWA’s Crawley campus becomes possible in order to be awarded a final grade.
External
No attendance or regular contact is required, and all study requirements are completed either via correspondence and/or online submission.
Off-campus
Regular attendance is not required, but student attends the institution face to face on an agreed schedule for purposes of supervision and/or instruction.
Multi-mode
Multiple modes of delivery. Unit includes a mix of online and on-campus study requirements. On campus attendance for some activities is required to complete this unit.