The Brazilian education system is taking steps to prepare its students for the upcoming cryptocurrency era.
Fundação Getúlio Vargas , an education institution in São Paulo announced the first Master’s degree in Cryptofinance.
The course in Brazil follows top universities in the U.S. including Cornell, Duke, and Massachusetts Institute of Technology, who have started offering classes on the subject. New York University began teaching one of the first classes in 2015.
As blockchain is now in very high demand worldwide, the offering comes as a natural response in the education market. Fundação Getúlio Vargas aims to develop new professionals capable of leading the startup ecosystem in Brazil. The course will teach their students how to create their own virtual currency.
“It is a market with a real lack of people with expertise. Cryptofinance has financial fundamentals that are worth talking about, to be researched as well as taught”, said Ricardo Rohman, program coordinator at Fundação Getúlio Vargas, who has already started offering an optional class to students of Econ.
In the meantime, a group of twenty two students has created Blockchain Insper, an entity that aims at developing new tech and biz models within the cryptocurrency space. The group has partnered with four blockchain-based companies to obtain schooling from professionals who will help them improve the research. “We had the foresight of recognizing that we can’t do it on our own”, said João Perpetu, a 24-year old student of Econ and the co-founder of Blockchain Insper.
Inspired by a similar Berkeley University initiative, the group is also giving classes on cryptocurrencies. Soon enough, they will be offering consultancy services to clients as well.
The Faculty of Economics & Administration of the University of São Paulo has included cryptocurrencies as an additional subject in the derivatives class, whereby students learn about bitcoin, the comparison between cryptocurrencies to fiat money, and how markets react to these assets.
Alan de Genaro, a professor at The Faculty of Economics & Administration of the University of São Paulo, made the decision because future professionals “need to decipher which factors are beneficial and which are not”.