A survey has been done on the amount of interest that universities and students have in cryptocurrency, and the results might surprise you.
According to the study carried out by mega-cryptocurrency exchange Coinbase, there is an appeal that blockchain-based currencies are holding, and the attraction to the technology is gaining in a major way – despite the market’s recent dip.
Coinbase shared the results:
- 42 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain
- Students from a range of majors are interested in crypto and blockchain courses — and universities are adding courses across a variety of departments
- Original Coinbase research includes a Qriously survey of 675 U.S. students, a comprehensive review of courses at 50 international universities, and interviews with professors and students
As a case study, Coinbase used a cryptocurrency class at New York University Stern School of Business to show the increased interest. At the university, David Yermack started a course on blockchain and financial services in 2014 and only 35 students signed up. However, in 2018 the number of enrolled students was sitting at 230 students, resulting in the university having to move the course to the largest lecture theatre. That’s an increase of more than 550% students.
Regarding the course, Yermack stated that a system “is well underway that will lead to the migration of most financial data to blockchain-based organizations [and] students will benefit greatly by studying this area.”
Stern Business school is not the only university to show increased attention to cryptocurrency studies. Coinbase found that Stanford was offering ten different courses in the field, Cornell offers nine and the University of Pennsylvania holds six.
According to the study, the students opting for cryptocurrency courses come from an array of different departments, such as finance, computer science, and anthropology. Dawn Song, a computer science professor at the University of California conjectures that it could be possible that blockchain is interesting owing to its potential to affect different domains in society, saying that “Blockchain combines theory and practice and can lead to fundamental breakthroughs in many research areas” and offering that it could “have really profound and broad-scale impacts on society in many different industries.”
Earlier this year, it was found that 20% of American students had been using their university loans to buy cryptocurrencies, so it only makes sense that students are interested in the digital currencies and the way in which the blockchain on which it is based works.