Penn Calendar Penn A-Z School of Arts and Sciences University of Pennsylvania

EMERGENT TECHNOLOGY - Democratizing Finance for Real in the Age of Blockchain

Thursday, January 19, 2023 - 4:30pm to 6:00pm

Perry World House, 3803 Locust Walk

A panel discussion with BRYNLY LLYR (Celo General Counsel), SARAH HAMMER (Wharton School), and MICHAEL MCCARTHY (Marquette University), moderated by Hammer.

GIVEN THAT WEALTH INEQUALITY IS DRIVEN IN LARGE PART by the difference in the rewards that go to wage workers vs. investors, democratizing finance so that more of the public can reap those rewards – and, even more importantly, have a meaningful say in investment decisions – can arguably help create a more just society. Emerging technologies, from blockchain and cryptocurrency to meme stocks and NFTs, seem to offer paths to this wider participation in finance. Our panelists lay out the promise of such technologies, but also grapple with the risk, in the absence of other reforms, that they may merely increase the number of bad bets for the masses, while allowing existing inequalities to reproduce themselves.