The University of Tokyo has started teaching a blockchain course at its main engineering graduate school. This initiative has received support and donations that is estimated to be worth $800,000. The donation is from a partnership that includes Sumitomo Mitsui, the Japanese banking guru, and the Ethereum Foundation.
Blockchain Innovation Donation Course
Dubbed the “Blockchain Innovation Donation Course”, this class began on the first of November and is expected to continue through 2021 October. This was according to a statement that was released by Sumitomo Mitsui. Apart from the two main donators and supporters, this project has had other corporate donors.
They include Money Forward Inc., Hotlink Co., Zipper Corp., JSS Corp., as well as Good Luck Three. At the moment, blockchain is a trendy and hot topic of study, and that explains why organizations are taking interest in it. They are investing huge sums of money to promote its adoption and development.
The Main Aim Of The Course
The main aim of this new course is to offer studies to not only business-minded students, but also the ones that are highly motivated. They will be first educated about the amazing talent in information mathematics. Later on, they will learn about the financial technology and the game-changing system that holds the cryptos. Through this course, the University of Tokyo is committed to nurturing some of the upcoming blockchain business heads. This will be possible by teaching them about the decentralized systems and how they can be implemented.
The University Blockchain Research Initiative
In 2018 June, a blockchain-based payment network, Ripple donated a total of $50 million to 17 universities across the world. This donation was meant to facilitate the launch of the University Blockchain Research Initiative, that is set to change the market a lot. Interest in the blockchain market, according to Ripple, is really soaring than it was before.
More people have continued to invent and discover huge potentials such as that of the distributed ledger technology. The other one is how faster cross-border payments can be facilitated. Ripple has also invested its native XRP coins worth $25 million in the Blockchain Capital Parallel IV. This is a $150 million fund that is set to invest in blockchain business.
Crypto Classes Added In Leading Business Schools
Several world-renowned business schools such as Stanford and Wharton have expanded their MBA programs to include Bitcoin and blockchain classes. At Wharton School of the University of Pennsylvania, you will find Professor Kevin Werbach teaching a crypto class. The class is named “Blockchain, Cryptocurrency, and Distributed Ledger Technology.
Werbach explained that there is a huge demand from learners who want to be taught this domain. He foresees a business phenomenon if the current masses aren’t taught well. In five years to come, Werbach predicts that many business schools would just be offering similar classes and blockchain and the crypto is one of them. The same sentiments are shared by the Executive Director of Georgetown University Business School, John Jacobs.