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The Wharton School at the University of Pennsylvania announced last week that it will become the first Ivy League school and the first U.S. business school to accept cryptocurrency enrollment payments through Coinbase. The announcement came alongside the announcement that the prestigious business school has also launched an online certificate program focused on the economics of blockchain and digital assets.
Wharton worked with blockchain economics consulting firm Prysm Group to design the six-week program for business and tech professionals interested in learning more about the economics of blockchain and digital assets.
Students can pay their tuition fees in cryptocurrencies, including Bitcoin, Ethereum, and USD Coin, Wharton officials said.
In recent years, blockchain and digital assets have taken on a boom that would have been hard to imagine just five years ago. According to Washington, DC-based think tank Atlantic Council, 87 countries representing more than 90 percent of global GDP are now exploring a central bank digital currency (CBDC), up from just 35 countries in 2020. Wharton said Deloitte has found that 83 percent of companies are discussing or working on cryptocurrencies, and that its decision to launch the certificate program comes “in response to this rapid economic paradigm shift.”
The program will include courses that introduce students to a standard valuation methodology for digital assets, seven business school case studies, and over 50 lecture videos featuring Wharton faculty and industry experts. An announcement from Wharton about the program said it is designed for professionals looking to “align theory with practice and give them the tools to deeply engage with this emerging technology in a commercial setting.”
The academic director of the program, Kevin Werbach of the Wharton School, said he wanted to help business leaders and entrepreneurs identify and understand blockchain because it is here to stay.
The Economics of Blockchain and Digital Assets program is now open for registrations; the first class will start on January 3, 2022.
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