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Cryptos Growing in Higher Education

Coinbase partnered with Qriously to engage students directly about their attitudes surrounding cryptocurrencies and blockchain technology. A post on the Coinbase Blog details their findings.

Currently, 42 percent of the world’s top 50 universities offer students at least one course on cryptos or blockchain and 22 percent offer more than one. When including classes on cryptography, the number becomes 70 percent of top fifty universities offering courses on the subjects. The student interest in these topics spans a variety of departments and it is continuing to grow.

David Yermack who serves as the chair of the finance department at New York University Stern School of Business, for example, saw 35 students in his first course on blockchain and financial services which was offered in 2014. The professor’s spring 2018 class enrollment reached 230 students, which meant it had to be taught in the school’s largest auditorium.

“A process is well underway that will lead to the migration of most financial data to blockchain-based organizations. Students will benefit greatly by studying this area,” said Yerman.

The study found that 17 percent of computer science and engineering majors have taken a course that focused on cryptocurrencies or blockchain. For economics and math majors the number is 15 percent and 11 percent for business majors. Only 5 percent of social science majors have taken a course in this area.

Although the blog post acknowledges academia can be slow to adapt, it also notes that the cross-field impact of blockchain and cryptocurrencies has had an impact that universities have not been able to ignore.

“You need to prepare your students for the future. Blockchain is not going away,” said Campbell Harvey, a professor of international business at Duke University.