Blockchain Technology Enters Universities

US students show high interest in blockchain topics

by Marina Ovcharova
09 February • 2 min
In News

Some of the biggest universities in the US have launched specialized courses on cryptocurrencies and blockchain technology, responding to growing demand from students, the New York Times informs.

This type of courses now offered at Carnegie Mellon, Cornell, Duke, the Massachusetts Institute of Technology and the University of Maryland, among others, started appearing as early as in 2014, created by open-minded professors. Even though in the beginning the professors who initiated the unusual classes weren't taken seriously by their colleagues, the rising interest from students soon put an end to any non-academical attitude.

The number of interested students rises

Soon after the first classes were taught, the involved students became so many, that they were transferred to the largest teaching halls and the number of enrolments had to be limited. A course called Blockchain, Cryptoeconomics and the Future of Technology, Business and Law at the University of California, Berkley, appeared to be so popular, that departments found themselves in the need of splitting the number of seats among their students in order to find a fair solution.

The lightning-fast changing background of their subject does not bother professors. They admit that creating a complete syllabus on the topic is near to impossible, but point out that the alternative is no courses at all.

Students expect that cryptocurrencies will affect all business

Participants in the classes share that making some additional money is far from the only reason to enrol in a cryptocurrency course. Many of them were found to believe that the blockchain technology and its linked elements will soon change many business fields.

Courses on the future of blockchain are filled with students from all disciplines. Professors report that the participants in their classes see an opportunity to be the ones changing the market and not the ones that need to change with it. The number of attendants in these classes can reach more than 200.

Meanwhile, due to the enormous interest, some students stay out of the halls when all seats have been taken. They don't consider themselves to be victims of the system but create their own network by starting forums and peer-to-peer classes on blockchain technology. They seek for the changes that cryptocurrencies are bringing in our everyday life – from logistics to money management, all is being influenced by the changing technology.