Is the best investment in education made in crypto?

Is the best investment in education made in crypto?

Written by: Elías Casanova

AI and Compliance Law Practitioner at Caro y Asociados, Associate at Lawgic Tec and Blogger at The Crypto Legal

Universities that seek to be at the forefront of education have multiple purposes, among these, to promote the technological heritage of humanity, to ensure that digital trust exists, among others. Higher education institutions are the reflection of society as a whole, its growth, its democracy (Universidad Autónoma de Coahuila). Thus, they cannot remain oblivious to innovation and increasing globalization, especially through blockchain technology.

So, it should come as no surprise that they are starting to get involved in blockchain and decentralized finance projects. According to official Harvard University sources, Harvard Business Review and The Harvard Crimson, contracts, transactions, and records of these are a critical part of the structure of our economic system. However, these have not evolved with the global digital transformation, often stalled by corruption and lack of technological development.

According to an anonymous CoinDesk source on university exposure to BTC provided by the NASDAQ stock exchange, Harvard, Yale, Brown, and Michigan universities would be among those buying coins backed by the data mining activities that make Bitcoin fluctuate in its price, as well as the stable coins that follow: such as ETH, XRP and even Polkadot.

At the moment, to be sure, there is no information that can confirm exactly how universities – and their fast-growing research or entrepreneurship centers – are being part of the revolution brought by the blockchain and the adoption of cryptocurrencies in the global financial system.

While in Peru there are still no tangible efforts in the digital transformation of the Public Administration, regulatory entities, and justice administration bodies. Latin America is starting to use the benefits it brings for currency remittance operations to countries in crisis such as Argentina and Brazil. It is necessary then to keep abreast of the progress of this technology and how it is that, in the not-so-distant future, make digital currencies or crypto-assets to be seen with better eyes. And blockchain startups will not belong in the coming.