Research, Education, and Thought Leadership

The Stevens Center is engaged in trailblazing research and thought leadership, focused on the future of finance.

Research Papers

A Comprehensive Approach to Crypto Regulation by Sarah Hammer and Brett Hemenway Falk
Regulation of cryptocurrency is a key policymaking issue of our time. There are many challenges associated with developing and applying legal frameworks to cryptocurrency, as the technology, business practices, and uses of cryptocurrency vary significantly from traditional financial services.

Taming the Wild West: Achieving Public Policy Goals through Crypto Standards by Sarah Hammer and Brett Hemenway Falk
A continued challenge in policymaking related to cryptocurrency is the potential lack of central entity or traditional intermediary that would be the subject of regulatory authority.

Buying Bitcoin by Robert Gutmann, Jonathan Knehr, Phillip Rapoport, Ross L. Stevens
Using live trade execution data from an institutional money manager, the paper measures the real-world costs and challenges a trader faces when demanding significant liquidity of Bitcoin.

The Blockchain Ecosystem by Sarah Hammer

Research Priorities

Fostering Innovation
Wealth Management
Real Estate
Financial Planning
Policy & Regulation

Research Fellows

Waleed W.Y. Haj Hasan, Stevens Center’s Research FellowWaleed Y.W. Haj Hasan

Waleed Y.W. Haj Hasan is a Research Fellow at the Stevens Center for Innovation in Finance and a Fellow at the Wharton Initiative on Financial Policy and Regulation. He is simultaneously pursuing his doctorate in Economic Analysis of Monetary Law and Policy at Penn Carey Law. Waleed is an attorney and counselor-at-law in the state of New York and was previously an associate attorney (corporate) at Cravath, Swaine & Moore LLP for two years. He earned his LL.M., with the Wharton Business and Law Certificate, from the University of Pennsylvania (2020) and his LL.B. (Hons.) from the University of Edinburgh (2019). Waleed holds several teaching assistant positions at, both, the Law School and the Wharton School. During his doctorate, Waleed interned at the U.S. Commodity Futures Trading Commission (CFTC) for six months. He previously externed at the New Jersey Office of the Attorney General and interned at Baker Botts LL.P.

Waleed Y.W. Haj Hasan’s working papers:

  • Of Interest: The Legal Recognition of the Time Value of Money, alongside its Nominal Value, in Common Law
  • Cryptocurrencies: A Sui Generis Form of Money?
    • Presented findings as part of an inter-agency Financial Working Group at the U.S. CFTC.
  • Innovative Disruption: The Syntopical Strength of an Agile, Adept, and A Priori Regulatory Framework for Digital Assets
  • Decentralized Autonomous Organizations: Structuring Considerations and Related Regulatory Trends

Brett Hemenway Falk, Stevens Center Research FellowBrett Hemenway Falk

Brett Hemenway Falk is a research professor in the Department of Computer and Information Science at the University of Pennsylvania. He is the director of the Crypto and Society Lab, which focuses on 1) privacy and security in digital environments, 2) facilitating transparency and trust. He has published extensively in the fields of cryptography, coding theory, and network analysis. Professor Falk also teaches a highly popular course on Blockchain technology for Penn’s Master’s in Computing and Information Technology program. He received his Sc.B. in mathematics from Brown University and his Ph.D. in mathematics from UCLA.

Brett Hemenway Falk’s working papers:

Thought Leadership

Stevens Center Joins in the Fight Against COVID-19

The Stevens Center at Wharton is pleased to announce its collaboration with MiPasa, a blockchain-based data control and communications system engaged in the fight against COVID-19.  Working in partnership with IBM, Microsoft, Oracle and others, the consortium aims to address a key problem facing scientists and researchers:  lack of integration of verified data sources that can be used with confidence.  The data is sourced from the World Health Organization, the Center for Disease Control, and numerous other official sources.  The platform leverages the IBM Blockchain Platform and IBM Cloud, and will make sophisticated data analytics and privacy tools available on a Hyperledger platform.  One of the major benefits of using a blockchain platform is that it allows multiple parties to collaborate over the validity of rapidly-evolving coronavirus data.  Working together, the collaboration will fight to identify and scale responses and solutions in the global war against the COVID-19 pandemic.

For more information on the Stevens Center at Wharton:

Wharton Latin American Conference

On February 9 - 10, 2024, the University of Pennsylvania hosted the Wharton Latin American Conference at the Penn Museum. The Wharton Latin American Conference is the world’s largest LATAM conference organized by MBA students. The conference's mission is to establish an open and multicultural forum to generate and discuss...Read More

Accelerating the Future of FinTech: Q&A with Joseph Jasperse

      "The enduring culture and commitment to excellence at Cypher, coupled with the support of our advisors and mentors, position us at the forefront of FinTech innovation." – Joseph Jasperse, Senior Research Manager at Cypher Accelerator The Stevens Center for Innovation in Finance powers Cypher Accelerator: a student-run...Read More

The Promise of Finiverse: Q&A with Alhaji Bah

Alhaji Bah helps a student at Big Picture High School navigate Finiverse. The Stevens Center for Innovation in Finance is launching an app called Finiverse that helps students figure out the true cost of higher education. Finiverse will broaden students' understanding of college debt and demonstrate the many paths they...Read More

Wharton’s Fintech Specialization

Wharton announces a new online program: “Fintech: Foundations and Applications of Financial Technologies.” With this program Wharton demonstrates its commitment to creating business education that is relevant to today’s rapidly changing business landscape. The four-course specialization is available on the Coursera platform. Topics covered include payments, cryptocurrency and blockchain, lending, crowdfunding, modern investing and insurtech.