Paging Dr. Blockchain: Why it will pay off big-time to study crypto technology
I'll praise my ex-wife for one thing: She helped me raise four brilliant, talented children.
All three of my sons have science backgrounds — computers and biology — and I am very, very proud of them. Like all parents, I want them to succeed in life. So, I have been pushing all of them to supplement their science backgrounds with blockchain training.
A growing number of colleges all around the world are now offering blockchain (and cryptocurrency) courses. In fact, 42% of the world's top 50 universities now offer at least one course on blockchain and/or cryptocurrencies.
Heck, some are even offering blockchain degrees.
The latest is the University of British Columbia (UBC) in Canada, which will soon offer a series of blockchain courses for master's and Ph.D. students.
The blockchain curriculum will focus on health and wellness, clean energy, regulatory technology and issues for indigenous residents.
UBC isn't that far from Montana, where they live, so I hope some of my boys will consider studying there.
My most adventurous son is considering studying in Ireland. Dublin City University offers a master's degree in Distributed Ledger Technology, and I suspect every graduate will be bombarded with multiple job offers with six-figure starting salaries.
According to CNBC, the average starting salary for a blockchain engineer is $150,000 to $175,000, which is higher than the average starting salary of $135,000 for a software engineer. Not bad, eh?
The reason I am telling you this isn't to brag about my sons, but to show you how mainstream blockchain technology is becoming … and how important this technology is for the future of global commerce.
Blockchain is BIG, and it offers not only a way for ambitious men and women to make a lot of money, but for investors who are smart enough to invest in blockchain companies.
Some universities are even starting to put diplomas on the blockchain.
Yes, you read that right.
The latest to do so is The Southern Alberta Institute of Technology (SAIT), the first post-secondary institution in Canada to issue digital diplomas with blockchain.
Some 4,800 SAIT graduates will receive blockchain-based documents alongside the traditional parchments this year.
Oh, and guess what? This was the students' idea!
The advantage of digital diplomas is that graduates can directly share their diploma and academic transcript with potential employers. This will eliminate the need for background checks, help hiring managers to quickly verify the applicants' credentials, and prevent fraudulent educational claims.
I've hired a lot of people over the years, and I can remember uncovering a handful of interviewees who outright lied about their education. Blockchain diplomas will expose those frauds, and quickly eliminate them from the hiring process.
To steal a quote from "The Graduate" starring Dustin Hoffman:
Mr. McGuire: I want to say one word to you. Just one word.
Benjamin: Yes, sir.
Mr. McGuire: Are you listening?
Benjamin: Yes, I am.
Mr. McGuire: Plastics.
Substitute "blockchain" for "plastics," and you're on the road to riches.