Crypto giant Coinbase published a report saying that 42 percent of top universities around the world are now offering at least one course on crypto or blockchain technology, revealing that more and more students are expressing interest in knowing about the said topics.
Published on August 28, the blog post containing the report further indicated that students from a range of majors have shown interest in the said courses, and that universities are adding courses across a variety of departments to satiate the student’s interest.
Worthy Of Serious Academic Study
The study was conducted in partnership with London-based ad-tech company Qriously, which surveyed 675 US students, and interviewed professors and students alike. Furthermore, it reviewed the said course offerings at 50 universities situated across the globe.
Stanford University topped the list in terms of most cryptocurrency and blockchain courses offered. This should not come as a surprise, as it is nestled near Silicon Valley. Cornell University comes immediately in second place. Interestingly, the National University of Singapore grabbed the fourth spot, exceeding even renowned US universities such as Harvard and Princeton. Swiss Federal Institute of Technology Zurich also offers more than the said US universities.
Overall, cryptocurrency and blockchain courses are most prominent in the US, and are offered even across different departments like anthropology, finance, and computer science. Even those with a diverse set of majors expressed the desire to take cryptocurrency classes, the study revealed.
Additionally, universities are putting up their respective research centers dedicated to the said sector and are adding more crypto-related courses, partly to meet the increasing demand and also because they are now acknowledging the fact that cryptocurrency is “an area worthy of serious academic study.”
Growing Demand For Crypto Experts
David Yermack, Head of the Finance Department at New York University Stern School of Business, admitted that when they first offered a course on blockchain and financial services in 2014, only 35 students signed up. But by the spring of 2018, there were already 230 enrolled students for the said course. This year, Yermack will be offering the course for both semesters to cater to the needs of the students.
Yermack said that he primarily offered the course because he was stoked in Bitcoin and that there was a growing interest in the said cryptocurrency. Soon, other reasons emerged, including the growing demand from companies for people who have a profound understanding of crypto-related issues.
“A process is well underway that will lead to the migration of most financial data to blockchain-based organizations. Students will benefit greatly [from] studying this area.”
Aside from the growing demand for crypto experts, the study revealed that students and professors are already acknowledging blockchain technology’s potential to impact societies across many sectors. “Blockchain combines theory and practice that can lead to fundamental breakthroughs in many research areas,” explained Dawn Song, a computer science professor at University of California, Berkeley. “It can have really profound and broad-scale impacts on society in many different industries.”
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