David Yermack is a man in great demand. In 2014, the professor of finance at the NYU Stern School of Business helped it become the first major university to launch a course in the nascent field of blockchain and cryptocurrencies.
Since then the course has taken off and as well as teaching it in New York, Prof Yermack now travels the world as a visiting professor to lecture on the fast-moving field of cryptocurrencies at universities in Amsterdam, Rotterdam, Basel and Stockholm.
“I attended some events in New York and there was huge demand for people trained in the compliance and tax aspects of cryptocurrencies and blockchain, so we set up the course in 2014, the first of its kind,” he says. “Since then it has taken on a life of its own.
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Blockchain is a shared ledger technology that powers cryptocurrencies such as bitcoin, the value of which recently rose above $10,000, up almost 13 times in the past year.
The technology allows encrypted data on anything, from money to medical records, to be shared between many companies, people and institutions.
This protects data from fraud while instantly updating all parties concerned. Experts say the demand for expertise is coming from all sectors — from financial services to retail — and it is far outstripping supply.
Cryptocurrency expert Professor David Yermack © Sam Hollenshead
“It is a fast-moving topic with tokenomics and cryptocurrencies changing whole industries,” says Oliver Bussmann, former chief information officer at the Swiss bank UBS who now advises blockchain start-ups....
Continue reading on Financial Times here: https://www.ft.com/content/2d161cf6-c3b1-11e7-b30e-a7c1c7c13aab
Since then the course has taken off and as well as teaching it in New York, Prof Yermack now travels the world as a visiting professor to lecture on the fast-moving field of cryptocurrencies at universities in Amsterdam, Rotterdam, Basel and Stockholm.
“I attended some events in New York and there was huge demand for people trained in the compliance and tax aspects of cryptocurrencies and blockchain, so we set up the course in 2014, the first of its kind,” he says. “Since then it has taken on a life of its own.
”
Blockchain is a shared ledger technology that powers cryptocurrencies such as bitcoin, the value of which recently rose above $10,000, up almost 13 times in the past year.
The technology allows encrypted data on anything, from money to medical records, to be shared between many companies, people and institutions.
This protects data from fraud while instantly updating all parties concerned. Experts say the demand for expertise is coming from all sectors — from financial services to retail — and it is far outstripping supply.
Cryptocurrency expert Professor David Yermack © Sam Hollenshead
“It is a fast-moving topic with tokenomics and cryptocurrencies changing whole industries,” says Oliver Bussmann, former chief information officer at the Swiss bank UBS who now advises blockchain start-ups....
Continue reading on Financial Times here: https://www.ft.com/content/2d161cf6-c3b1-11e7-b30e-a7c1c7c13aab