Brazilian University Launches Master’s Degree In Cryptofinancebr>
Fundacao Getulio Vargas (FGV), a Brazilian higher education institution, is launching a Master’s degree focused on cryptocurrencies.
Based in São Paulo, FGV offers regular courses of Economics, Business Administration, Law, Social Sciences and Information technology management. Its original goal was to train people for the country’s public and private sector management. Other courses began to be offered as the institution grew. It also produces a large amount of academic research. The subjects cover macro and micro-economics, finance, business, decision-making, law, health, welfare, poverty and unemployment, pollution, and sustainable development.
In its announcement, FGV claims that the new crypto-focused course is Brazil’s first Master’s degree in cryptofinance. The goal is to develop new professionals capable of leading the startup ecosystem in the country. The course will teach their students how to create their own cryptocurrency.
Ricardo Rochman, program coordinator at FGV, said that the program was born out of a recognizable need for specialized education in an industry that is less than ten years old.
“It is a market with a profound lack of people with expertise,” Rochman said. “Cryptofinance has economic and financial fundamentals that are worth discussing, researching, and [being] taught.”
Michele Araujo, a 26-year old student of Economics at FGV, attested to the benefits to studying the markets from a non-speculative perspective. He said there is a conceptual gain of knowing both the practical applications of the technology and cryptocurrency as an alternative investment.
Brazilian universities has been incorporating cryptocurrency into their economics studies. The Faculty of Economics and Administration of the University of São Paulo (FEA-USP) included cryptocurrencies as an additional subject in the department’s derivatives unit, where students learn about bitcoin, the comparison between cryptocurrencies and fiat money, and how markets react to these assets.
Alan de Genaro, a professor at FEA-USP, said that he believes that people have to understand which factors are beneficial and which are not suitable when it comes to cryptocurrenc.
“Some issues have to be presented even though the [student] does not go to work in the finance market,” said de Genaro.
Brazilian students have also taken the initiative and established Blockchain Insper, a small organization that aims at developing new technologies and business models within the crypto space. Blockchain Insper was established by two economics students in their early twenties, Juan Perpetuo and Felipe Santos. The organization is offering classes and workshops on cryptocurrencies, and will soon be offering consultancy services to clients.
“We had the humility to understand that there is no point in doing something on our own,” Perpetuo said of deciding to create Blockchain Insper.
“We thought we could create a hub that facilitates entry for all students and has a bias of innovation that sets us apart from a junior company,” added Santos.