How Formal Blockchain Education Could Help Crypto Adoption

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How Formal Blockchain Education Could Help Crypto Adoption

Formal blockchain education is on the rise, with an increasing number of institutions offering specialized courses worldwide. The big names are leading the charge, with the University of Tokyo, the Malaysian Ministry of Education, MIT, and Stanford all expressing their interest in blockchain solutions. Tech giants like IBM and Microsoft are also aiming to reach IT professionals by providing their own crypto certification.

It appears formal blockchain education can help provide a steady workforce dedicated to crypto development. But will this increase in personnel lead to a growth in mainstream crypto adoption?

Importance of blockchain education for the workforce

As the number of companies using blockchain grows, it makes sense that institutions are offering formal blockchain education courses. At present, most crypto developers are IT professionals who had innovative ideas and built their own blockchain systems. But for crypto to become truly mainstream, blockchain needs to become part of university curricula around the world.

There’s no reason why blockchain courses wouldn’t be incredibly popular. After all, Glassdoor recently found that employees in crypto companies earn 62 percent more than the U.S. median wage.

In a study by SAP, 92 percent of U.S. business leaders said they view blockchain knowledge as an opportunity. Additionally, according to Coinbase, 42 percent of the world’s top institutions now offer formal blockchain education. Berkeley, MIT, and Stanford all offer at least crypto subject.

All of this suggests that we’re not far away from seeing a generation of blockchain experts entering the workforce.

Trends in formal blockchain education

It’s not just the top U.S. colleges; many other institutions are also showing increased interest in formal blockchain education.

Recently, the University of Tokyo joined the club by introducing a crypto subject – the Blockchain Innovation Donation Course – which will last until 2021. University officials stated that the course aims to “improve students’ technical skills and entrepreneurial potential.” The course is targeted at business-minded and technologically advanced pupils.

Staying within Asia, Malaysia’s Ministry of Education is setting up a degree-verification system using blockchain technology. The Russian State University implemented a similar system earlier this year with the aim of reducing fraudulent diplomas. While this is not directly related to blockchain education, it demonstrates governments’ growing acceptance of blockchain worldwide. That, in turn, could pave the path for universities to create their own crypto courses.

Blockchain education outside of universities

While formal blockchain education in universities is taking off, tech giants such as IBM and Microsoft have also introduced their own training courses. Most of these programs, such as IBM’s Coursera, require several days of intensive study and target experienced programmers. There are also longer programs, although few go to the lengths of a university course.

There’s another tier of education: free online courses, blogs, and resources that provide basic crypto knowledge to beginners. These entry-level materials are extremely important. After all, they introduce many future investors and workers to the blockchain industry.

The adoption of blockchain and cryptocurrencies hasn’t happened as quickly as many hoped. However, the rise of formal blockchain education is one indication that things are starting to change.

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