Lahore University of Management Sciences (LUMS) is to launch Pakistan’s first-ever academic program in cryptocurrency including Distributed Ledger Technology (DLT), Blockchain, and associated platforms. The news was announced by university’s official news release.
Furthermore, the news was confirmed by varsity’s Alumnus Muneeb Ali via his official Twitter account. The university received over Rs. 670 million from Hiro, previously known as Blockstack PBC, to fulfill the process. The amount was granted to fulfill all the requirements of new academic program including development of courses for faculty members and students.
We’ve made a $2.5M worth of cryptocurrency donation to enable a Bitcoin and crypto internet research center in South Asia at LUMS. https://t.co/OJgPrillO4
— Muneeb (@muneeb) February 20, 2021
Courses include distributed ledger technology, research block chain, cryptocurrencies and many others.
The program is to focus on the areas where these subjects can be fully applied.
Importance of Cryptocurrency academic program
Muneeb Ali, the Alumnus said that LUMS has always been the house for research and innovative technologies. Ali said that he is proud to be in coordination with Syed Babar Ali School of Science and Engineering. This new step by varsity has strengthened my association with it, said Muneeb Ali. He added, this new step will aid upcoming generation of engineers to use blockchain technology to its fullest.
The academic program will enhance the business models within the country. Muneeb suggested that Stacks Pakistan is making country move toward betterment and will benefit it in every way possible. Indeed, the collaboration is the biggest achievement for Pakistan to deal with its educational backdrop.
With this move, not only students would be educated in cryptocurrencies but it will inculcate efforts for advocating crypto regulations within the country.