A reported 30% bank jobs are under the threat of elimination because of emerging technologies disrupting our way of life, especially something that is already going mainstream such as blockchain. Businesses all over the globe are preparing themselves for the onslaught of the technology in their professional lives.
Keeping this in mind, University of Oxford’s Saïd Business School is preparing to launch a short-term blockchain course for executives willing to stay ahead in the game. McKinsey predicts that the technology will generate anywhere between $80 billion to $110 billion by 2021. The program termed ‘Blockchain Strategy Programme’ will enable the executives to have a fundamental understanding of what blockchain is, what are its applications, and its implications on the market.
David Shrier, the Co-convenor of the Blockchain Programme said: “With 80% of banks developing blockchains and industries from law to aerospace exploring possibilities, the next 5 to 10 years will see massive disruption from blockchain adoption as jobs are automated and new industry applications are created. When the internet was born, people used it to email one another. Businesses like Amazon and Uber were inconceivable. The blockchain is a revolution of similar proportions, with undetermined potential, ramifications, and opportunities.”
Designed for managerial administrators and executives, the course shall provide a keen insight into how the technology could impact their business. It will also cater to curious professionals seeking to expand their knowledge about blockchain. The course will also teach them strategies and frameworks that help them in capitalizing on the technology while there is still time.
On successfully completing the course, Oxford University will provide the students with two frameworks designed with the course in mind. It will also give them access to the University’s network of alumni executives. Blockchain technology is reported to have the biggest impact on the FinTech market (Finance-technology) and this course will serve as an incredible opportunity for the people whose professions will be most affected by it and those who want to stay on top of it.
The program will also feature noted scholars from the USA and the UK with perspectives from several speakers, like the world-leading data scientist Professor Sandy Pentland and Digital Currency Group’s director, Meltem Demirors, who will provide their unique take on the blockchain technology. The faculty includes the Professor of strategy at the Said Business School, Teppo Felin.
Additionally, the program will consist of lectures and video interviews with global experts who will dispense their own advice to the executives. The business school is partnering with GetSmarter, an online company, which regularly collaborates with universities for this course. The program commences on 28 February, 2018 consisting of six modules over the period of six weeks.
As Peter Tufano, the Peter Moores Dean of Saïd Business School and a professor of finance puts it: the program “will provide entrepreneurs and executives with the insights and knowledge necessary to navigate this changing landscape, and adapt and progress in their careers.”