Universities Struggling To Decide Who Should Control Crypto Classes

It’s no secret that Cryptocurrencies have become very popular, especially after the drastic rise of their prices towards the end of 2017. The demand for Crypto classes has increased tremendously since then and universities have found it challenging to design the best teaching program. There are high chances of the various departments fighting for the control of this multifaceted subject.

Crypto Classes In Universities

A few years ago, education and discussion on Bitcoin were seen as irrelevant and mostly took place at the end of semesters. However, more students are interested in learning about Cryptocurrencies now than ever before. In Illinois, for instance, finance, business, and computer science scholars have shown an interest in Bitcoin and the technology behind it. The professors at the universities have shown that they are ready for the challenge.

Illinois Institute of Technology has said it will be providing classes on Blockchain technology for the first time this summer. Professor Gib Bassett from the University of Illinois will incorporate a Bitcoin class in his Chicago Exchanges MBA program. In Brazil, Sao Paulo-based Fundacao Getulio Vargas {FGV} has said it will be offering Master’s degree in Cryptofinance.

Teaching Cryptocurrencies in universities comes with its own challenges. First, although the industry has become so popular in recent times, it is still young, hence hindering the development of an effective course. Moreover, it has become challenging for most of the universities to come across tutors with enough experience in the sector. The industry is also developing and not yet stable, making it difficult to develop a course.

Who Should Control The Crypto Classes?

As more universities begin to introduce Crypto classes, there is confusion on deciding which department should control it. Are law professors the only ones who should teach about smart contracts? Do Crypto classes fall under computer science, economics, or business departments? Other schools that may still feel closely linked to Crypto classes include accounting, law, and finance.

Garrick Hileman incorporated Cryptocurrency lectures in a master of finance class at the University of Cambridge. Hileman told Financial Times that, more wrangles are expected, especially on the ownership of Blockchain and Cryptocurrency curriculum.

David Yermack from New York UniversityDavid Yermack from New York University Stern School of Business has been teaching Cryptocurrencies to MBA students since 2014. He says that the course is interdisciplinary hence no single department should control the program alone. The technology heavily relies on computer science. Although the course has been identified as being interdisciplinary, universities may spend more time before deciding the next move because they are bureaucratic and politics might come to play.

Other Factors That Have Enhanced The Demand For Crypto Classes

The 2017 Cryptocurrencies’ great price rally has enhanced the demand for their education. Jens Martin from the University of Amsterdam Business School observes that this increase in price has attracted more people to the sector. The finance sector has taken a keen interest in Blockchain technology and is establishing the possibilities associated with it. Technology businesses like Google, Amazon, and Microsoft have shown an interest in the area leading to a positive growth in the demand for Crypto classes.