Aussie university gets blockchain school

AvatarCraig SullivanOctober 19, 2018
UWA gets Blockchain School

A Perth university is preparing to launch a summer school that teaches students about blockchain.

The University of Western Australia (UWA) says it’s introducing the course because it believes there is too much disinformation being pedalled about the technology.

UWA’s Dr Dirk Baur wants to clear up those misconceptions with the facts, starting with an education.

“In January we start a Summer unit first and we’ll see how the uptake is on that and then we may roll that out as a regular unit in the regular semester,” he said.

The United States already has several campuses offering Blockchain courses in one form or another including New York University, Massachusetts Institute of Technology, and Stanford and Columbia Universities.

“It’s important to be part of it and I think this is what the industry is doing, they see that it has a lot of potential, it may change everything and so they want to be part of it,” Dr Baur said.

“Many people claim they use a blockchain but then they don’t really use a blockchain, it’s just digital.”

Dr Baur believes more universities should be offering courses in what is essentially the Wild West of finance. And he’s already gathered a staff of up to six people to work on the syllabus.

Perhaps the biggest lesson, he says, is that industries should accept that the technology isn’t going away.

“We have a big new capital market where firms raise money without that third party, without the investment bank,” he said.

This story first appeared on Coincast TV.

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