Blockchain and Cryptocurrencies Reach Universities

  • The importance of the industry has led several dozen universities to offer academic crypto training courses.
  • The course seeks to expand knowledge about the network and cryptocurrencies, and meet the growing demand for specialists.
  • Prestigious universities in the United States, Europe and several Latin American countries are promoting higher level studies.

Enthusiasm for Bitcoin and other crypto assets continues to grow around the world. So much so that some of the most recognized universities in the world have incorporated blockchain and cryptocurrency studies into their academic programs, as indicated by a report prepared by Coinbase Inc, the American cryptocurrency trading platform.

According to the study dated from 2019, at least a third of the 50 most prestigious universities in the world globally, have included studies on crypto technology and digital currencies.

Cryptographic Studies in Venezuela and Latin America

Recently, a university in Venezuela announced its decision to incorporate blockchain and cryptocurrency engineering training into its academic options. The institution in question is the Ezequiel Zamora National Experimental University of the Western Plains (UNELLEZ).

The state-dependent study center plans to launch a degree in blockchain and cryptocurrency engineering in 2022 at its headquarters in San Carlos, Cojedes state. It is also considering creating a diploma in Digital Economy, “with which the population will have greater access to this information of high value for the future of the economy.”

The rapid expansion of cryptocurrencies in Venezuela, along with the Bitcoin mining farms that were legalized, and the informal jobs that have been created around the digital ecosystem, has served to interest the Venezuelan university in the training of specialists in the space.

Other similar experiences are currently being developed in Chile, Argentina, Peru, Colombia and México. In each of these Latin American countries, at least one higher education institution already has training courses on blockchain technology and cryptocurrencies.

Venezuela stands out worldwide among the countries where cryptocurrencies are used the most, especially Bitcoin, Ethereum, among other digital currencies, not only as a payment instrument but as digital assets to hedge against hyperinflation and the shortage of dollars and euros.

The Bolivar, the national currency, is little used in commercial transactions due to its astounding historical depreciation. The government of Nicolás Maduro and the Central Bank of Venezuela have suppressed 14 zeros from the currency in the last 13 years to try to refloat the currency, but the attempts have been in vain.

Cornell University Tops the Global List

The Coinbase report was compiled based on “surveys of 735 American students aged 16 and over, a comprehensive review of courses at 50 international universities, analysis of research citations and non-course offerings, and interviews with professors and students.”

Cornell University in New York tops Coinbase’s 2019 list of leaders in crypto education. University’s offering blockchain courses include the University of California-Berkeley, Stanford, MIT, and New York University.

"Cornell offers 14 classes on cryptocurrencies and / or blockchain (up from 9 in 2018) and its group IC3 [The Initiative for Cryptocurrencies and Contracts] brings together researchers from the best universities around the world,"

the university notes.

In Europe, one of the most important blockchain university education projects is Wool University, driven by academics from the University of Oxford. The educational project is based entirely on blockchain technology and promotes itself as the “Uber for students, Airbnb for academics.”

On The Flipside

  • Will crypto education help centralize the industry or will it decentralize it further?

Why You Should Care?

Cryptocurrency and blockchain education opens up an infinite field of new formal employment opportunities in the crypto industry and in various economic activities.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Santiago Contreras

Santiago is a Venezuelan blockchain reporter specializing in economic and financial issues, with special emphasis on stablecoin trading as well as political and regulatory issues related to Latin America. Every day he reviews and analyzes movements in the crypto market to offer readers first-hand information that can help them make sound decisions in the exciting world of crypto.