New York University Now Offers Major In Blockchain

Blockchain, Education, News | September 20, 2018 By:

The New York University (NYU) is now offering students a major in blockchain technology.

Founded in 1831, NYU is a private nonprofit research university. It has grown into a uniquely international university, where students can study abroad at its degree-granting campuses in NYU Abu Dhabi and NYU Shanghai, as well as its 11 academic centers in Accra, Berlin, Buenos Aires, Florence, London, Madrid, Paris, Prague, Sydney, Tel Aviv, and Washington, DC.

The new blockchain course will be provided by the NYU Stern School of Business, which is located on NYU’s Greenwich Village campus next to the Courant Institute of Mathematical Sciences. Stern was the first school to offer undergraduate courses in cryptocurrencies and blockchain.

“We hope to establish a groundwork so that the students can understand what’s really happening under the hood, so that they can understand both the legal and the business implications, and prepare them to go out and tackle this new market,” adjunct professor Andrew Hinkes said.

Over a hundred students have registered for this Major program. Mustafa Khan, a student at NYU who enrolled in the class this fall, said that millennials believe it is imperative to know as much as they can about an asset class that is set to be closely integrated with the finance sector.

“In the environment we live in today, it’s become especially relevant to get a hold of how new technologies work and how they interact with the legal system,” Khan said.

NYU Finance Department Chair David Yermack said that even students who previously graduated at the college are coming back to take courses in cryptocurrencies and blockchain.

“There’s a few people who graduated some years ago but have come back to sit in on this just because of the novelty and the edginess of the topic,” NYU Finance Department Chair David Yermack said.

Last month, crypto exchange Coinbase released a study showing that 42% of the world’s top ranking universities now offer courses on digital currencies. Other findings from the survey showed that 26% of 675 students surveyed were interested in taking courses on crypto.

“This is a grassroots movement,” Adam White from Coinbase said. “These are students saying, ‘hey, university, I want to take a class on this.’ I think they see the development, the birth of a new industry. In many ways, we look at things like bitcoin and ethereum and blockchain as the internet 3.0.”