The Chinese edition of Blockchain and Distributed Ledgers, translated by Professor David X. Li of Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University (SJTU), has been published by CITIC Press Group.
The book systematically explains the underlying technologies, core logic, and financial applications of blockchain and distributed ledgers, offering a rigorous and accessible framework for understanding the transformations at the intersection of technology, finance, and society.
The original English edition is a landmark academic work co-authored by Alexander Lipton and Adrien Treccani. Lipton is a leading figure in quantitative finance, currently heading the quantitative team at the Abu Dhabi sovereign wealth fund. After more than a decade teaching at the University of Illinois at Chicago, he moved to Wall Street, where he led quant teams at several major financial institutions and was named a quant superstar by Risk magazine on two occasions. Treccani is the founder and CEO of Metaco SA, a leading Swiss blockchain and cryptocurrency company, and holds a PhD in Mathematical Finance from the Swiss Finance Institute.
The book traces the evolution of money and payment systems, introduces distributed systems and cryptography, explores applications such as Bitcoin and Ethereum, and concludes with industry regulation, financial applications, and future prospects.
Professor Li’s translation preserves the original work’s academic depth and theoretical rigor while presenting complex concepts in a clear and engaging manner. It is essential reading for finance professionals seeking to understand distributed ledgers and decentralized finance, and an authoritative reference for technologists exploring cryptographic applications in finance.
About Professor Li
Dr. David Li is a Professor of Practice at SAIF, where he serves as MF Program Faculty Director and Faculty Director of the Career Development Center. He brings more than two decades of experience at leading financial institutions, having held senior roles including Chief Risk Officer at China International Capital Corporation (CICC), Head of Credit Derivative Research and Analytics at Citigroup and Barclays Capital, and Head of Modeling for AIG Investments.
Professor Li is recognized as a pioneer in credit derivatives. His seminal work on copula functions for credit portfolio modeling has been widely cited in academic research, adopted by practitioners in trading and risk management, and covered by the Wall Street Journal, Financial Times, and Nikkei CBC News. He received the “Excellent Educator Award” from Shanghai Jiao Tong University in 2022.
