Lahore University of Management Sciences (LUMS) will begin to offer an academic program in the Cryptocurrency domain. The university has secured Rs 670 Million ($4.1 million) for the purpose granted by Hiro, formerly known as Blockstack PBC. Thus, the university will design academic programs for Distributed Ledger Technology (DLG), Blockchain, and Cryptocurrencies with the grant. The university has a rich history of being a pioneer in technology and research.
The cryptocurrency program has garnered the most attention from students and industry leaders due to its recent developments. Other than the program, LUMS also wants to support the Crypto Regulations in Pakistan. Dr. Farhat Haq, Provost LUMS, says,
“Building and offering programs in this field further our vision of being a progressive, 21st-century university. This timely and generous gift will enable us to make a contribution to the emerging field of blockchain technology. This is definitely an exciting new phase that will further boost the pioneering work of our Computer Science faculty and will play a pivotal role in the evolution of the University.”
In Pakistan, Waqar Zaka was the first celebrity to introduce a digital currency to the masses. For basic information, people often subscribe to Zaka’s live streams, however, now that the importance of technology is identified and picked up, so proper academic programs can be designed and students can formally learn in-depth about the latest technology.
Muneeb Ali, a LUMS alumnus, BS Computer Science 2003 and Founder of Stacks, added,
“LUMS has always been a hub of cutting-edge research and innovations and I am proud to have a long association with the Syed Babar Ali School of Science and Engineering. Crypto networks are likely the biggest tech revolution since the internet itself. This new collaboration on crypto not just strengthens my association with LUMS but can prepare the next generation of engineers and entrepreneurs to architect the next generation of the internet by leveraging the blockchain technology.”
Cryptocurrencies are on the rise for the past few years. Many didn’t truly understand the potential of the digital currency, but now that it has picked up the pace after CEO of Space X, Elon Musk, supported it, we see more and more investors approaching Bitcoin (a variant of cryptocurrency). Regardless of the uncertainty, cryptocurrencies have been predicted to change the world as we know it.
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