One of the lasting effects of the 2017 digital asset boom is a growing educational interest in blockchain technology. A recent report revealed that while only 9% of college students have taken related courses, 26% are interested in furthering their education in the new field and 18% now own some form of digital asset. More so, top universities ranging from Stanford to Princeton have included blockchain in relevant curriculums. David Yermack, President of NYU Stern School of Business, believes that most financial data will migrate to blockchain-based organizations and “students will benefit greatly from studying this area.”

Nonetheless, a 2017 survey by HBSC reported that 80% of consumers who have heard of blockchain technology still do not have a comprehensive understanding of its application. This may well be a worrying statistic given that further research also predicts that the new technology is primed for mass adoption sometime within the next decade. Slowly but surely, more financial practices will start taking place on the blockchain, but many users will remain clueless about its benefits.

It doesn’t require a Ph.D. in economics …

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