How Colleges and Universities Can Be Blockchain Technology Community Hubs
The rapid advancement of blockchain technology and cryptocurrency has made it imperative for the higher education community to adapt and respond to this economic phenomenon. There is great opportunity for colleges and universities to expand their economic impact and footprint through the proliferation of information, exposure, and opportunities for people to create a better financial future for themselves and their families.
There is a tremendous need for greater education on how the permission less nature of blockchain technology can have the power to break through existing barriers in the economic system like lack of access to credit and capital that has often thwarted prosperity for underserved and historically marginalized communities.
Financial institutions have traditionally been gatekeepers for lending, borrowing, trading, investing, and other similar activities. The historical patterns of behavior by many of these gatekeepers have had a disproportionately discriminatory impact of a significant number of people who have found themselves locked out of avenues of wealth building. Blockchain eliminates the need for unnecessary third, fourth, and fifth parties when accessing the services listed above and avoids some of the friction that has permeated these processes.