NEW 6-WEEK ONLINE CERTIFICATE PROGRAM

Economics of Blockchain and Digital Assets

Accelerate your career with an executive education certificate from the world's leading business school.
Learn at your own pace with asynchronous weekly modules.
Flexible payment options available.
Next course
Jan
.
3
,
2022
-
Feb
.
20
,
2022
8-10 hrs/week
$3,800
See all dates
Everything you need to know

The end-to-end blockchain and
digital assets program

In the fast-moving emerging technologies landscape, blockchain and digital assets are becoming mainstream.
Gain the complete industry knowledge you need to succeed.
USE CASES
Identify relevant use cases for blockchain and digital assets including crypto, NFTs, and CBDCs.
COSTS and BENEFITS
Understand costs and benefits of blockchain relative to alternative mainstream technologies.
VALUATION and INVESTING
Analyze fundamental value drivers of digital assets including utility, governance, and staking tokens.

ROLE OF REGULATION
Discuss the role of regulation in the digital assets economy and how it applies to blockchain-based services.
DAOs and defi
Assess structures and processes of decentralized organizations and decentralized finance applications.
evaluation and launch
Choose the right blockchain network for different applications and launching a digital asset.
Economics of the future

Don't miss the opportunity to learn about blockchain and digital assets.

$1.8tn
PwC economists expect blockchain to boost global GDP by US$1.8 trillion – which is 1.4% of global GDP – by 2030.
83%
According to Deloitte's 2021 Global Blockchain Survey, "83% of business partners, suppliers, customers, and/or competitors are discussing or working on blockchain, digital assets, and/or cryptocurrencies in context to solutions or strategies."
Digital currency may redefine currency. Although the main function of currency is still there, it will redefine currency, just like Apple redefines mobile phones, not just being a phone.
Jack Ma, Co-Founder, Alibaba Group
See yourself below?

Then this course is for you

01
Financial Analysts and Advisors
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More public companies and investors embrace digital assets every day, requiring skilled finance professionals to understand unique challenges and growth opportunities.
02
Business and Tech Consultants
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Blockchain and digital assets are becoming integral elements in the innovation toolkit for small and medium businesses, which need advisors to guide this transition.
03
Growth-Focused Professionals
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Global Fortune 500s are moving from proof-of-concept to company-wide integrations of blockchain and digital assets, requiring internal know-how across divisions.

Full course outline

overview
Program Introduction
Learning Methods and Tools
Class Introductions
Overview of Modules
0.5 hrs
Module 1
Blockchain Protocols
Unit 1: The Promise and Pitfalls of Blockchain and Digital Assets
Unit 2: Decentralized Databases
Unit 3: Economics of a Protocol
2 hrs
Module 2
Digital Assets
Unit 1: Cryptocurrencies and Utility Tokens
Unit 2: Stablecoins and CBDCs
Unit 3: Security Tokens and Governance Tokens
Unit 4: NFTs
2 hrs
Module 3
Smart Contracts and Blockchain Applications
Unit 1: Smart Contracts
Unit 2: Supply Chain Tracking and Non-Financial Applications
Unit 3: Digital Identity
2 hrs
Module 4
Decentralized Finance (DeFi)
Unit 1: Exchanges and Decentralized Exchanges (DEXs)
Unit 2: Decentralized Lending and Other DeFi Services
Unit 3: Making Decentralization Work — Yield Farming and Governance in DeFi
2 hrs
Module 5
Valuation and Investing
Unit 1: Overview of Fundamental Token Value (FTV) Methodology
Unit 2: Valuation of Digital Assets: Projected Token Utility Value, Discounted Token Staking Value, and Implied Token Governance Value
2 hrs
Module 6
From Theory to Practice, Choosing a Blockchain and Launching a Digital Asset
Unit 1: Protocol Selection
Unit 2: Systemic Risk
Unit 3: Capstone Project
Unit 4: Course Reflection
2 hrs
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Want to know more about this program?
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Why Wharton?

The world’s first collegiate business school, Wharton continues to be a leader in business education. With our unmatched range of programs and faculty expertise,
Wharton will give you the tools and knowledge you will need to make an impact on the world around you.

Past Wharton students are leaders in global corporations
Elon Musk, CEO
Sundar Pichai, CEO
Warren Buffett, CEO
Brian Roberts, CEO
Alex Gorsky, CEO
Robert Kapito, President

Program Partners

Algorand
Amazon Web Services
Deloitte
Forte
Hyperledger
Prysm Group
Skale
Synthetix

Learn from industry experts

Program Leadership
Prof. Kevin Werbach
Academic Director

Professor of Legal Studies & Business Ethics;
The Liem Sioe Liong/First Pacific Company Professor; and Chairperson, Legal Studies & Business Ethics

The Wharton School of the University of Pennsylvania

Prof. Kevin Werbach is professor of Legal Studies & Business Ethics; the Liem Sioe Liong/First Pacific Company Professor; and chairperson of Legal Studies & Business Ethics at the Wharton School of the University of Pennsylvania. He is an expert on internet policy, artificial intelligence, blockchain and digital assets, and gamification. He has held positions including serving as counsel for new technology policy at the U.S. FCC during the Clinton administration, a member of President Barack Obama's administration’s Presidential Transition Team, and an expert advisor on broadband issues at the FCC and the U.S. Department of Commerce. He has testified before the U.S. Senate, House of Representatives, and FCC. Prof. Werbach is regularly cited in print and broadcast media and has authored books including The Blockchain and the New Architecture of Trust and For the Win: The Power of Gamification, and edited After the Digital Tornado: Networks, Algorithms, Humanity.

Prof. Werbach earned his BA from University of California at Berkeley and his JD from Harvard Law School, where he served as publishing editor of the Harvard Law Review.

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Dr. Cathy Barrera
Program Director

Partner and Founding Economist

Prysm Group

Dr. Cathy Barrera is a partner and founding economist at Prysm Group, a leading economic consulting firm in the blockchain and digital asset industry. Dr. Barrera’s work focuses on incentive design, token economics, monetization, and governance design for digital economies. She has led economic advisory projects for Fortune 500 companies and leading startups that have raised over $5B in capital and achieved over $300B in token market capitalization. She has been an industry expert in executive education programs at MIT Sloan and Columbia Business School, an academic advisor to blockchain projects at the World Economic Forum, and an opinion columnist for CoinDesk. She is former tenure-track faculty at the S.C. Johnson Graduate School of Management at Cornell University and was the chief economist at ZipRecruiter.

Dr. Barrera received a BA in Communication Studies, Economics, and Mathematics from Northwestern University; an MSc in Applicable Mathematics from the London School of Economics; and a PhD in Business Economics from Harvard University, where she studied under Nobel Laureate Oliver Hart.

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guest faculty
Prof. Susanna Berkouwer

Assistant Professor of Business Economics and Public Policy

The Wharton School of the University of Pennsylvania
Prof. Itay Goldstein

Joel S. Ehrenkranz Family Professor; Professor of Finance; Professor of Economics; Coordinator of PhD Program

The Wharton School of the University of Pennsylvania
Prof. Raghu Iyengar

Miers-Busch, W’1885 Professor; Professor of Marketing;
Faculty Director - Wharton Customer Analytics

The Wharton School of the University of Pennsylvania
Prof. Tal Rabin

Professor of Computer and Information Science

Penn Engineering, University of Pennsylvania
guest speakers
Jeremy Allaire

Co-Founder, Chairman, and CEO

Circle
Circle
Michael del Castillo

Senior Editor

Forbes
Forbes
Charlie Lee

Managing Director

Litecoin Foundation
Litecoin Foundation
Caitlin Long

Founder and CEO

Avanti Financial Group
Avanti Financial Group
Commissioner Hester Peirce

Commissioner

United States Securities and Exchange Commission
United States Securities and Exchange Commission
Camila Russo

Founder

The Defiant
The Defiant
Laura Shin

Podcast Producer and Host

Unchained
Unchained
Tomicah Tillemann

Global Head of Policy

Andreessen Horowitz
Andreessen Horowitz
Richard Walker

Principal; Head of Blockchain and Digital Assets

Deloitte Consulting
Deloitte Consulting
Sheila Warren

Deputy Head of C4IR; Head of Data, Blockchain, and Digital Assets; Member of the Executive Committee

World Economic Forum
World Economic Forum
Get the certificate that sets you apart
Earn a Wharton certificate in the economics of blockchain
*Certificate images are for illustrative purposes only and may be subject
to change at the discretion of the Wharton School.

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January 3, 2022
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February 20, 2022