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Blockchain Academy Initiative Gains Traction Among Young Entrepreneurs in UAE

As blockchain technology gains greater traction, students and the forthcoming cohort of young entrepreneurs demonstrate a burgeoning familiarity with the technology.

In an interview with Cointelegraph, Greg Siourounis, managing director of the Sui Foundation, discussed the foundation’s endeavour to establish a blockchain academy in partnership with the American University of Sharjah, based in the United Arab Emirates.

Siourounis articulated the initiative’s objective as heightening awareness among students regarding blockchain and its potential for crafting applications and platforms to tackle various issues.

He conveyed plans to conduct seminars and workshops aimed at educating youths about the capabilities and limitations of blockchain.

Upon initial interaction with university students, Siourounis was taken aback to discover a considerable degree of awareness concerning blockchain technology. Reflecting on this encounter, he disclosed to Cointelegraph:

“We walked into the amphitheatre where students from high schools and also from universities were presenting ideas, and surprisingly enough, seven out of 10 ideas had blockchain as one part of their solution.”

Siourounis elucidated that this indicates a growing understanding among students and young entrepreneurs of the utility of blockchain technology.

Consequently, he stressed the necessity of furnishing young individuals with the requisite tools to enhance their comprehension of blockchain’s potential and limitations.

Moreover, Siourounis underscored the importance of shielding students from misinformation, stating:

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“So, it’s twofold. One is to educate them on the usability, but at the same time give them the right tools and filters to filter the information that is coming from outside about this technology.”

The establishment of the blockchain academy aligns with Sharjah’s aspiration to emerge as a hub for blockchain research and education.

Tod Laursen, chancellor of the American University of Sharjah, asserted that the academy seeks to provide students with insights into “future-oriented topics,” enabling them to engage with trending subjects and acquire skills essential for “thriving in the evolving landscape of tomorrow.”

Meanwhile, the Governor of Bangko Sentral ng Pilipinas (BSP), Eli Remolona, disclosed the central bank’s intention to introduce a wholesale central bank digital currency (CBDC) in the forthcoming years.

Speaking to, Remolona elaborated on the BSP’s plan to develop a CBDC, affirming the central bank’s decision not to employ blockchain technology due to previous unsuccessful attempts by other central banks.

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