Opportunity Revolves Around New York Undergraduates
According to researchers, from Coinbase and Qriously, 42% of the top 50 world famous universities are offering courses in the realm of cryptocurrency. The engrossment of students in this field is seen worldwide.
The report which was posted on Coinbase’s Medium page glacé the results from Qriously’s surveys of 675 U.S University students, 50 international universities and interviews with professors and students. According to U.S News and World Reports, New York University (NYU) is one such university offering a plethora of information about cryptocurrency and blockchain.
New York University introduces blockchain technology, CBS New York reported September 18.
The program will reportedly be conducted by NYU Stern School of Business. Professor Andrew Hinkes commented on the new program:
“We hope to establish groundwork so that the students can understand what’s really happening under the hood so that they can understand both the legal and the business implications, and prepare them to go out and tackle this new market.”
According to associate professor Kathleen Derose, the educational establishment is expecting large companies to partner in the training program, while “the startups in [fintech] will likely invent the new cool stuff.”
The first NYU section on cryptocurrencies was delivered in 2014 by the finance department chair. David Yermack, who was allotted a total of 35 students. But as time flew there is no doubt that cryptocurrency has bloomed in growth and this growth is reflected in the registration numbers for the same class.
Yermack spoke up to Qriously about the importance of the class, saying: “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.”
Adam White from cryptocurrency exchange Coinbase said that students “see the development, the birth of a new industry,” adding that “in many ways, we look at things like Bitcoin (BTC) and Ethereum (ETH) and blockchain as the internet 3.0.”
Fascinatingly enough, curiosity in blockchain and cryptocurrency extents across academic disciplines and majors, extending from computer science to anthropology. As a study conducted by Student Loan Report in March shows, 21.2 % of college students used to loan money to fund a crypto investment, hoping that the upward price volatility in crypto would help pay their debts faster.