The rate of blockchain and cryptocurrency adoption has not been equal to the efforts towards this goal. But, the Global Blockchain Business Council has outlined one key aspect that will see blockchain and cryptocurrencies record a higher adoption rate – education.

The Global Blockchain Council has a membership which spans across the world. According to the council, education about the distributed ledger technology and cryptocurrencies is the major ingredient to boost adoption.

So as to bring the education closer to those who need it, the Global Blockchain Council has started an initiative that will see it present what learning institutions around the globe are doing in terms of research around digital currencies and blockchain.

According to the CEO of the Global Blockchain Council, Sandra Ro:

[The aim of the initiative] is to educate on the benefits of blockchain and serve as a reliable resource on this issue for businesses, governments, not-for-profit organizations, regulators and other interested parties. There is little doubt about the potential impact blockchain can have on most sectors and key areas of everyday life.

The initiative will start with the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT). Here, things like secure asset registries, electric microgrids, and the lightning network will be captured.

The director of the Digital Currency Initiative at MIT, Neha Narula, said that:

Blockchain technology and cryptocurrencies are a new frontier with many opportunities. Forums like GBBC (Global Blockchain Business Council) are key to realizing the full potential of this technology by providing education and guidance to organizations.

According to research done by the Global Blockchain Business Council, 38 percent of institutions will start venturing into blockchain within the next 3 to 5 years from now.

Do you think the Global Blockchain Council’s initiative will help increase the adoption rate of blockchain and cryptocurrencies?

Let us know your thoughts in the comments section below.