๐ฉ๐๐๐๐๐๐ (21) ์ธ๋ค์ผํ ๋ฆฌ์คํธํ Lec 9: Regulation 1. Open Banking Two important regulations in Europe and UKEU and UK legislation history • July 2013: EU Commission proposal to revise Payment Services Directive (PSD). • November 2015: EU Parliament/Council adopts revised Payment Services Directive, known as PSD2. • 13 January 2018: EU member states must comply with PSD2. UK regulation version known as Open Banking. “Open Banking” is UK version.. Practical Lecture 7: NFT & Open banking 1. MotivationConcept of non-fungible tokens (NFTs) not newOwning collectables • Physical assets: - Art, cars, wine, trading cards (Pokémon, sports, etc.) • Digital assets - Online computer game “skins” 1. ๋๊ธฐ๋์ฒด ๋ถ๊ฐ๋ฅ ํ ํฐ(NFT)์ ๊ฐ๋ ์ ์๋ก์ด ๊ฒ์ด ์๋๋ค์์ฅํ ์์ :๋ฌผ๋ฆฌ์ ์์ฐ:์์ ์ํ, ์๋์ฐจ, ์์ธ, ํธ๋ ์ด๋ฉ ์นด๋(ํฌ์ผ๋ชฌ, ์คํฌ์ธ ๋ฑ)๋์งํธ ์์ฐ:์จ๋ผ์ธ ์ปดํจํฐ ๊ฒ์์ "์คํจ"Digital artists could not sell their art in traditional waysProblem with digital assets: .. Lec 8: AI & Robo Advice 1. Artificial intelligence (AI) – the beginningArtificial intelligence (AI) came up ~70 years agoAI research has been around for a long time • Golden age of science fiction (1938—1946). - Three laws of robotics (Isaac Asimov). • Alan Turing, 1950, “Computing Machinery and Intelligence.” - how to build intelligent machines and how to test their intelligence -> Imitation game = Turing Test. • Da.. Practical Lecture 6: Deep Learning 1. Deep learning simplification๋ฅ๋ฌ๋์ ์ธ๊ณต์ง๋ฅ(AI)์ ํ ๋ถ์ผ๋ก, ์ธ๊ณต์ ๊ฒฝ๋ง์ ์ฌ์ฉํ์ฌ ๋ฐ์ดํฐ์์ ํจํด์ ํ์ตํ๋ ๋ฐฉ๋ฒ์ ๋๋ค. ๋ฅ๋ฌ๋์ ๋ง์ ์ ๋ ฅ์ธต๊ณผ ์ถ๋ ฅ์ธต, ๊ทธ๋ฆฌ๊ณ ๊ทธ ์ฌ์ด์ ์ฌ๋ฌ ๊ฐ์ ์จ๊ฒจ์ง ์ธต(hidden layers)์ผ๋ก ๊ตฌ์ฑ๋ฉ๋๋ค. ์ด๋ฅผ ํตํด ๋ณต์กํ ๋ฐ์ดํฐ ํจํด์ ์ธ์ํ๊ณ ์์ธกํ ์ ์์ต๋๋ค. Deep learning is a branch of artificial intelligence (AI) that uses artificial neural networks to learn patterns from data. Deep learning consists of many input layers, output layers, and several hidden layers in.. Lec 7: Initial Coin Offering [ICOs] 1. ICOsTokens can be classified into four typesWhat is a coin? • This is extremely unclear. - Most “initial coin offerings” are actually sales of tokens, not coins.• Four types of tokens seem to circulate 1. Payment tokens = cryptocurrencies = coins. 2. Utility tokens. 3. Security tokens for underlying assets (e.g. gold). 4. Non-fungible token (NFT). Of course, any of these could be an investmen.. Lec 6: Crowdfunding / ํฌ๋ผ์ฐ๋ํ๋ฉ 1. Traditional ways of raising capitalTwo major ways to raise equity for private firms - 1.1 Brief note on Venture Capital (VC) Unlisted firms have different options to raise equityEquity financing over the firm's life cycleUnlisted firmsListed firms- Angel investors- Venture Capital - Institutional investors- Corporate investors- IPO- Private placement (to small group of investors)- Right issue.. Why economic growth fails to explain the well-being of society Why economic growth fails to explain the well-being of society Economic growth, as measured by an increase in the real gross domestic product (GDP), is an essential indication of a country's level of economic activity (Smith and Dyer, 2019, p.307). However, because GDP only reflects quantitative growth, it is limited in regard to qualitative aspects, such as well-being and development. Moreover,.. Brimore Engineering LTD Report Brimore Engineering LTD Report Brimore Engineering (BE) is a small engineering private limited company founded in 1987 by the Brimore family. It manufactures and distributes automotive components to other firms. Concerning recent declines in profitability and sales of the most profitable product, XT345, the marketing director advised the board that product mix analysis and marketing strategy res.. Lec 5: Altcoins / ์ํธ์ฝ์ธ์ด๋? 1. Blockchain 2.0 Satoshi Dice's first example of alternative Bitcoin use Example: “Distributed gambling” (2012) Send BTC to a special address that guarantees odds of winning → defined threshold similar to BTC target. Lucky number: - Take hash of (transaction hash + secret daily key) - Take the first four characters of hash - Convert to decimal number → will be Often involving automated payments.. Practical Lecture 3: Mining Technology and Industry 1. Mining Process BTC miners are bookkeepers rather than workers Mining = competitive bookkeeping • Creation of new bitcoins in each block almost like a central bank printing new money (but the total amount of bitcoins to be created is fixed at 21 million). - Creation of trust by ensuring that transactions are confirmed only when enough computational power is devoted to the block that contains t.. Lecture 4: Blockchain Governance / ๋นํธ์ฝ์ธ ํ๊ณ์ & ํ๋ํฌํฌ๋? Blockchain Governance and Dispute Resolution ๋ธ๋ก์ฒด์ธ ๊ฑฐ๋ฒ๋์ค & ๋ถ์ ํด๊ฒฐ 1. Blockchain forks Blockchain forks can occur spontaneously from mining Chain split (short-lived forks) ๋ธ๋ก์ฒด์ธ ํฌํฌ๋ ์ฑ๊ตด ๊ณผ์ ์์ ์์ฐ์ค๋ฝ๊ฒ ๋ฐ์ํ ์ ์์ต๋๋ค. ์ด๋ ์ฒด์ธ ๋ถํ (๋จ๊ธฐ ํฌํฌ)์ด๋ผ๊ณ ๋ ๋ถ๋ฆฝ๋๋ค. ์๋ฅผ ๋ค์ด, ๋ ๋ช ์ ์ฑ๊ตด์๊ฐ ๋์์ ๋ธ๋ก 3์ ํด๊ฒฐํ๋ค๊ณ ๊ฐ์ ํด ๋ณด๊ฒ ์ต๋๋ค. Assume two miners solve block 3 at the same time. ์ปค๋ฎค๋ํฐ์ ์ ๋ฐ์ 3a๋ฅผ, ๋๋จธ์ง ์ ๋ฐ์ 3b๋ฅผ ์ฑํํฉ๋๋ค. Half the community adopts 3a, and the oth.. Practical Lecture 2: Logic & Mining / ์ฑ๊ตด์ด๋? 1. Satoshi Dice Casino house edge typically done via payoff ํ์ฐ์ค ์์ง(House Edge, HE): ์นด์ง๋ ธ๋ ๋๋ฐ ๊ฒ์์ด ํ๋ ์ด์ด์ ๋นํด ๊ฐ์ง๋ ์ด์ต์ ๋น์จ. ๊ฒ์๋ง๋ค ๋ค๋ฅด๋ฉฐ, ํ์ฐ์ค ์์ง๊ฐ ๋์์๋ก ํ๋ ์ด์ด๊ฐ ์ฅ๊ธฐ์ ์ผ๋ก ์์ค์ ๋ณด๋ ๋น์จ์ด ๋์์ง๋๋ค. Casino house edge (house advantage) ํ๋ ์ด์ด ์์ต๋ฅ (Return to Player, RTP): ํ๋ ์ด์ด๊ฐ ์ฅ๊ธฐ์ ์ผ๋ก ๊ฒ์์์ ๋๋ ค๋ฐ์ ์ ์๋ ๊ธ์ก์ ๋น์จ์ ๋๋ค. ์ด๋ 1์์ ํ์ฐ์ค ์์ง๋ฅผ ๋บ ๊ฐ๊ณผ ๊ฐ์ต๋๋ค. ์์ : ๋์ ๋์ง๊ธฐ: ์น๋ฆฌ ํ๋ฅ ์ด 50%์ธ ๊ฒฝ์ฐ, 1๋ฌ๋ฌ๋ฅผ ๋ฒ ํ ํด์ ์ด๊ธฐ๋ฉด 1๋ฌ๋ฌ๋ฅผ ๋ฐ๊ณ , ์ด์ง๊ธ์ก์ 2๋ฌ๋ฌ๊ฐ ๋ฉ๋๋ค. ์ด ๊ฒฝ์ฐ RTP๋ 100%, ํ์ฐ์ค ์์ง๋ 0%์ ๋.. ์ด์ 1 2 ๋ค์