The University of Western Australia (UWA) and Binance Australia partnered to enhance blockchain education to tackle the growing need for skills in the disruptive technology.
The up to $450,000 (US$300,000) donation from Binance Australia will be taken in BUSD, a fiat-backed stablecoin, and will be used to improve the course already offered at UWA.
Dean of the UWA Business School Professor Peter Robertson said UWA was dedicated to offering business education at the forefront of rapidly advancing technologies.
“It is a wonderful opportunity for students to learn about crypto currencies and the blockchain using real crypto accounts,” Professor Robertson stated.
According to Binance Australia Chief Executive Officer Leigh Travers, a third of the funds was set aside to create UWA Metaverse labs, which will be explored and created by students, while a comprehensive Master’s program for blockchain technology was being built out.
The initiative, funded by the Binance Charity, will provide UWA students with access to opportunities to engage practically with blockchain technologies and develop skills that are in high demand by both established and emerging industries, which are reimagining traditional economic sectors globally.
“The Binance Australia team are incredibly excited to help accelerate the blockchain and crypto literacy of UWA students,” Travers said.
According to lecturer Dr Andrzej Gwizdalski, there is an increasing need for workers who are knowledgeable about blockchain technology and crypto currencies.
“Students completing the course will learn about the key disruptive technologies powering Web3, how to apply the innovation in business and what implications the technologies will have on work, economy, and society,” Dr Gwizdalski said.
To guarantee that Australia continues to be a global leader in this area, Professor Robertson said the UWA Business School has a new Centre for Blockchain and Crypto-Currency Research. The blockchain courses offered by UWA will start in Semester two of this year.