To celebrate its 20th anniversary, a family-run Bank in Liechtenstein, Bank Frick has decided to sponsor Blockchain and Fintech projects in the University of Liechtenstein. This is a five-year partnership between both organizations that will see the school’s Blockchain research programs funded.
Funds Donated to Establish a Center for Blockchain and Fintech
Based on their collaboration, programs in the University of Liechtenstein that focus on modern technologies will be funded. Also, a center of Blockchain and Fintech will be established in the Institute of Finance of the school. Through its certification program, students who may have an interest in technology will be encouraged. The program has been scheduled to start in 2019.
Edi Wögerer, CEO of Bank Frick signed the agreement between his company and the school. He noted that the University will be providing its Blockchain experience by delivering quality practical training to students. This will be a research-based approach that is more beneficial and as such, it will lead to the innovation of the Blockchain industry.
Bank’s Confidence in University to Deliver Quality Education
The Bank’s willingness to trust its funds over the next five years into the hands of the school shows that it can rely on its experience and its reputation for academic excellence. They are also confident about the school’s ability to deliver quality education to the students in the area of Blockchain technology.
Dr. Volker M. Rheinberger, President of the University Council responded by saying;
It shows that It was right to focus on these new issues in the financial sector and that is very promising.
University’s Curriculum to Include More Blockchain Courses
Currently, the school only offers Fintech certificate programs, but with this development, it will be adding Blockchain-related programs. Accordingly, Dr. Martin Angerer, a professor in the institution has been assigned to prepare a curriculum for Fintech courses. This will also include Blockchain courses as well as those related to cryptocurrency.
Before a student can apply for these programs, they need to have an academic background in the financial services sector. Potential students will be required to have at least 75% attendance before they are awarded a certificate of completion. It is expected that the program will kick off once six students have enrolled.
During the course of the week, the University of Tokyo had also received an $800,000 dollar donation from several organizations. This donation is to enable the school to establish a Blockchain technology program that will run for three years. Therefore, students can learn entrepreneurial skills related to Blockchain in this learning environment