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Blockchain tech is new hot topic for universities around the world
- Blockchain is becoming more prevalent and with it, the need for blockchain developers, opening up an entirely new job market.
- More universities are jumping on the band wagon and offering courses on blockchain development
- Courses you can learn and how you can use the advancement of blockchain to get ahead
According to new research carried out by Coinbase, we're witnessing a significant rise in the number of universities teaching their students about blockchain and cryptocurrencies.
It turns out that 42% of the world's top universities are now offering at least one course on either cryptocurrencies or blockchain technology. While previously these courses only garnered interest from those studying math or computing-related subject, they now have students from a large range of majors.
Which Universities Are Offering Courses on These Subjects?
Universities have been teaching and researching distributed ledger technology since before cryptocurrencies were mainstream.
However, the number of universities offering such courses has rapidly increased over the past couple of years, and will continue to rise for the foreseeable future.
Coinbase Reports has even created a chart to show the number of cryptocurrency and blockchain courses being taught at some of the top universities around the world.
Nir Kabessa, the President of Blockchain at Columbia stated::
"Schools such as Berkeley, MIT, Columbia, and Stanford are leading the race. MIT's Bitcoin Club is a legendary organization which led to the formation of the Blockchain Education Network, a community of top blockchain labs and chapters.
Columbia University is gradually adding for-credit courses on blockchain, but its main source of education stems from its innovative institutions such as the DSI-IBM Research Center, Blockchain at Columbia, and Columbia Blockchain Studio. It is important to differentiate what type of education one is looking for."
Each institution has its own pros and cons. Whilst some universities are famous worldwide for their intensive research into blockchain, their education department is lacking. Meanwhile, some of the institutions with the best teaching reputations have comparatively low scores for their research.
Can I Take These Courses Online?
As well as enrolling in these courses in universities, there is also the option to learn more about blockchain technology - and even gain professional qualifications - by studying online.
For instance, Coursera's free course on Bitcoin and Cryptocurrency Technologies was created by Princeton University. So far it's been rated by over 1,700 users and has received an average rating of 4.7 out of 5. New enrollments open every few days, and you can work the assignments around your schedule.
Similarly, Udemy's Blockchain Technology: A Guide to the Blockchain Ecosystem teaches you to understand the entire blockchain ecosystem from the ground up.
If you're a developer who wants to get involved in blockchain technology but have little to no experience, IBM is even offering a free Blockchain Essentials course that will teach you how to create your own private blockchain network on IBM Bluemix.
Do I Need to be a Computer Geek to Enroll?
Many people still associate cryptocurrencies like Bitcoin with computer geeks, cyber-criminals, and hackers from the dark web. However, this couldn't be further from the truth.
Blockchain technology is still a very new concept, but it has advanced rapidly over the past few years. As time progresses, it's becoming clear that the technology will only continue to become a more and more vital part of our society.
David Yermack, the finance department chair at NYU Stern School of Business, first began to enroll students in his course on blockchain and financial services back in 2014. He started the course because he was interested in how fast Bitcoin was growing.
However, he now sees the course as a way for students to gain the skills they will require for jobs in the future.
In an interview, he stated, "A process is well underway that will lead to the migration of most financial data to blockchain-based organizations. Students will benefit greatly by studying this area."
How Can I Use These Courses to Make Money?
Between 2017 and 2018, the blockchain job market has witnessed tremendous growth.
Perhaps one of the most obvious ways to use these courses to make money is to become a blockchain developer. Between January 2017 and January 2018, the demand for blockchain engineers on Toptal has grown by 700%.
In addition, websites such as Indeed.com, AngelList, LinkedIn, Crypto Jobs List, Blocktribe, Blockchainjobz, Joblift, and Upwork have seen a huge surge in the number of blockchain jobs available.
According to data collected by Indeed, the average salary of a blockchain professional in the US ranges from $63,000 per year to $157,000 per year - with marketing specialists being on the lower end of the scale and senior managing consultants being on the higher end.
A report from Bloomberg stated that the highest demand in the industry is for software development and financial services.
The Future of Blockchain
Blockchain technology has made a lot of progress over the past few years alone, but this is still just the very beginning.
Job positions are opening far faster than they can be filled, and right now is the prime time for those with the right skills to get involved.
Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.
When facing a tough decision, it pays to trust your gut.
- A recent study examined the accuracy of predictions of soccer matches on a popular betting website.
- The users were allowed to revise their bets up until the match started.
- Surprisingly, the results revealed that the revised bets were much more likely to be incorrect.
Why did users change their minds?<p>"We can only speculate, but we might imagine that game players input their initial forecast, following which they look at the latest online betting odds on the match, or look for other information which might affect their judgement, such as news on team selection for the match," the researchers wrote. "Alternatively, these revisions could simply be the result of changes to initial judgements without any new information."</p><p>You might think the ability to revise your prediction would be an advantage. After all, maybe you had more time to carefully consider which team is more likely to win. Maybe public opinion on the two teams had shifted over time. Or maybe one of the teams had recently begun an incredible winning streak.</p><p>But the results of the study showed that prediction accuracy decreased significantly — by about 17 percent — when users revised their original predictions. Why? Given that the study controlled for variations by players and teams, it's unlikely that the drop-off in accuracy was due to some matches being harder to predict than others, or some users being better predictors than others.</p>
Pixabay<p>One possible explanation is a behavioral bias that describes how people are likely to overreact to news that is salient. So, when you learn, for instance, that a player on one of the teams was injured, you might respond excessively to that news, leading you to revise your original prediction.</p><p>The results revealed that revisions made after a longer period of time, as opposed to just a few minutes, were much less likely to be correct. Also, users were less likely to predict correctly when their revised predictions included <em>higher scores</em>, for example, changing a 1-2 outcome to a 2-3 outcome. Interestingly, most users underestimated the likelihood of a 0-0 draw. Broadly, this suggests that we tend to falsely believe it's more likely for <em>something to happen </em>than <em>nothing.</em></p>
Trust your gut<p>The researchers wrote that their findings "could have relevance to other contexts where judgmental forecasting explicitly takes place and which have real economic importance, such as in company management and planning, financial markets and macroeconomic policy."</p><p>Of course, sometimes new information <em>should </em>cause us to revise our decisions. But for situations where new information is unlikely to significantly alter the outcome, the results suggest it's best to make a decision and stick with it.</p><p>This aligns with research from Stanford professor Baba Shiv, an expert in the neuroscience of decision-making. Shiv's research found that, even though we often face tough trade-offs when making complex and emotional decisions, a key component of successful decisions is staying committed to our choice. Shiv <a href="https://hbr.org/2013/11/stop-worrying-about-making-the-right-decision" target="_blank">told</a> Stanford Business magazine: "When you feel a trade-off conflict, it just behooves you to focus on your gut."</p>
The coronavirus pandemic has brought out the perception of selfishness among many.
- Selfish behavior has been analyzed by philosophers and psychologists for centuries.
- New research shows people may be wired for altruistic behavior and get more benefits from it.
- Crisis times tend to increase self-centered acts.
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