Australian University Nurtures the New Blockchain Generation

Australian University Nurtures the New Blockchain Generation

The Royal Melbourne Institute of Technology (RMIT) has introduced Australia’s first blockchain course, aimed at helping entrepreneurs and potential ICOs grasp this vital, but sometimes confusing, technology.

The eight week course, first reported in the Sydney Morning Herald, was developed by the university’s existing Blockchain Innovation Hub (BIH) in partnership with Accenture and fintech firm Stone & Chalk.

Blockchain Skills Shortage

Australian institutions have been quick to embrace blockchain solutions. Brisbane airport recently announced that it would be accepting cryptocurrencies in its terminal, while the Australian Securities Exchange (ASX) plan to replace their equity processing system with a blockchain alternative.

However, while demand is one thing, finding the people to implement the ideas is another. As reported previously, the shortage of skills in the Blockchain arena has been the source of major concern for some blockchain startups. Said Alan Tsen of Stone & Chalk, a Melbourne-based fintech advisory group, “There is a real demand for blockchain training and a skills gap in the market that needs to be addressed.”

RMIT vice-chancellor Martin Bean went even further, claiming that the technology has progressed so much that  “ … [the] blockchain is now becoming a core part of contemporary digital literacy.

Jason Potts, director of the BIH said the course was needed as blockchain was “actually quite hard to understand”. The content will be aimed at “executives and business leaders” who will be particularly interested in how blockchain can “reflect(s) business models and business strategy”.

Melbourne is fast becoming a regional hub for blockchain technology. Describing itself as “Australia’s largest community of blockchain technology entrepreneurs,” the Melbourne Blockchain Centre has just announced the ten entrants who will make up this year’s intake of its Block Engine incubator programme as Australis waits in anticipation for its next Power Ledger.