Academic Courses on Blockchain Technology Must Be Taught By Professionals with Industry Experience

  • There are an increasing number of courses being offered on blockchain technology.
  • The introduction of these courses can only give "legitmacy" to blockchain technology if they're being taught by those who have the appropriate professional and academic background.

New York University (NYU) recently announced it would offer graduate level specializations in cryptocurrencies and their underlying blockchain technology. Other top universities including Cornell and Stanford are also offering crypto-related courses, which suggests there is now a “major [growing or developing] connection between academia and the blockchain industry”, according to a recent article posted on Finance Magnates.

Rachel McIntosh, the article’s author, writes that blockchain technology has gained credibility because it is being increasingly adopted by many different types of companies. She adds that “the presence of blockchain programs in educational institutions legitimizes the technology.”

As covered on CryptoGlobe, countries around the world including the Kingdom of Bahrain are beginning to take more interest in blockchain technology. Last month, Turkey launched its first research and innovation center to help its citizens learn more about distributed ledger technology (DLT).

Increasing "Presence" Of Blockchain Courses

However, simply the “presence” of blockchain-related courses at universities or learning centers does not necessarily “legitimize” the technology. That’s because the launch, or introduction, of numerous blockchain-related initial coin offerings (ICOs) did not directly give credibility or legitimacy to the distributed ledger.

In fact, ICOs have become increasingly associated with a large number of scams. This does not mean that academic courses designed to help people understand cryptocurrencies and blockchain technology will not be able to contribute to legitimizing blockchain technology.

Ideally, courses on blockchain technology should be taught by those who not only have the appropriate academic background, but also a proven track record of making meaningful contributions to the nascent industry.

Computer science professor Emin Gün Sirer has both a strong academic and professional background in DLT-based assets. Dr. Sirer also teaches at Cornell university which offers several options related to studying blockchain-related technologies.

Strong Professional & Academic Background 

NYU professor Dr. David Yermack is an active commentator and contributor to MarketWatch, a popular financial information website. As covered on CryptoGlobe, Dr. Yermack had argued that Bitcoin (BTC) was not created directly as a response to the 2008 global financial crisis.

At Cornell and NYU, there’s “presence” of blockchain-related courses and they’re being taught by a group of faculty members that have also established working relationships with the actual blockchain industry.

Oftentimes, the faculty at universities are criticized for not having “real world” experience. This can also apply to people who are educating others about blockchain technology. When more courses are taught by people with the appropriate professional and academic background, then the connection between academia and the blockchain industry can truly begin to develop and strengthen.

Blockchain Wallet Integrates BitPay Support for User-Friendly Transactions

  • Blockchain Wallet announces the integration of BitPay into their existing service. 
  • Emphasis on allowing for "user-friendly" transactions and payments. 

Popular cryptocurrency firm Blockchain.com, which operates the Blockchjain wallet, has announced integration of payment processor BitPay

Blockchain Wallet Adds BitPay Support

In an update, Blockchain Wallet confirmed its new partnership with BitPay, which will allow for the direct spending of user bitcoin in an effort to increase the ease of crypto-based payments.

The press release states that BitPay has been “seamlessly” integrated into the existing Blockchain Wallet framework, which clients can use to make payments directly from their application. 

According to the announcement,

As the largest global crypto payments provider, BitPay and has processed more than $2.8 billion from merchants and B2B customers since 2011.

The press release continues, 

We’re excited to see this new addition connect our Wallet users to the world of merchants that accept Bitcoin (and soon other cryptos) as a payment method — one of the key ways to interact with and grow the digital asset ecosystem.

The emphasis on payments shows the direction that Blockchain Wallet imagines for the future of crypto. While the platform has created a secure cryptocurrency wallet for users to retain simultaneous control over their funds and private keys, user-friendly transactions and spending has continued to be a work in progress. 

BitPay has emerged as one of the more successful payment platforms in crypto, with a focus on establishing a relationship with merchants to accept bitcoin. The partnership with Blockchain Wallet, with its reported 41 million userbase, could go a long way in spurring greater use for bitcoin outside of a store of value asset or token for price speculation.