Three significant powers are betting on the long-term potential of digital currencies, cryptocurrencies, and blockchain. In separate developments, schools and publishers in Korea, China, and Australia included blockchain and digital currency-related coursework for graduates and government officials, led by narratives of future opportunities and interests of potential unemployment.

Australia’s RMIT offers blockchain course

On May 26, Melbourne’s RMIT University started postgraduate courses in blockchain and cybersecurity. As the site displays, the varsity targets technology graduates and startup founders with the required skills for a new market.The nine-month program will begin later in 2020 and is presented in association with IBM and Palo Alto Networks. RMIT sees the global blockchain industry is anticipated to rise over 80% year-on-year, and only “one in 20” managers can discover important talent.

“Cybersecurity and blockchain technologies are emerging as business-critical skills, and we are delivering the training that provides those skills in our workforce,” noted Rupert Colester of IBM Australia in a statement. Australian National University, a top-20 school globally, also launched blockchain law courses in association with Ripple Labs earlier this year. The coursework examines the trend of the legal framework and digital currencies while providing graduates with all knowledge about cryptocurrencies and their place in global financial systems.

China’s parliament book

As per local publication Weixin last week, the Central Party School of the Communist Party of China (CCP) issued a book as part of an ongoing series on disruptive technologies, which incorporates blockchain, AI, machine learning, and another upcoming tech. Named “A Dialogue With Party Leaders About Blockchain,” the publisher strives to become a distinguished, committed source on the topic of technology trends and markets to both party officials and the general public.

The book goes back to the early ages to describe fiat currency, giving readers a solid overview of how paper money came into being, the creation of credit and lending, how debt plagued the world, and ultimately, several negatives about the modern financial system. Other chapters progress on resolving tokenization, ICOs, and an in-depth explanation about crypto-exchanges and their importance in cross-border trade. Numerous regulatory stances and problems concerning digital currencies are presented in the final chapters. Last year, the country’s prestigious Zhenjiang University launched a blockchain graduate course, while Chengdu University commenced a Bachelors’s in Blockchain Studies this year.

Korea’s blockchain lab

In Korea, weeks after the government mulled a $400 million blockchain fund, a top-ranking university is funding in the blockchain- and fintech-based infrastructure to furnish graduates with necessary skills.

Daejeon University declared on May 26 the opening of its new fintech-focused lab named “Future Convergence.” Blockchain highlights majorly in the plans, with the university investigating ways to combine the technology into smart cities, smart factories, and advancements in healthcare.

The university regards knowledge of blockchain technology and fintech may support employment amid Korean graduates, who experience the ill-effects of a saturated job market. Utilizing a China-Esque philosophy, officials consider the adoption of newer technologies will promote “talents for the fourth industrial revolution.”

Jobs prospects for new graduates are not excellent in Korea. A Reuters report from 2019 recommends that thousands of highly qualified students fight to discover work in the country, indicating the presence of family-run “chaebols” and low overall openings as two significant factors.