Liechtenstein University is launching a blockchain research program in cooperation with Bank Frick. Part of the program will be a certificate course on blockchain and fintech.
Exciting times are ahead in Liechtenstein. The country is positioning itself as Europe’s blockchain frontrunner, attracting start-ups from all over Europe and beyond.
Next year, Liechtenstein’s government will introduce the Blockchain Act, a piece of legislation that aims at creating legal certainty for blockchain companies. Liechtenstein’s banks and the financial market authority are willing to cooperate with blockchain companies and support the industry’s growth.
The recent announcement of Bank Frick to build a Blockchain Research Center in cooperation with Liechtenstein’s University is yet another milestone for Liechtenstein’s thriving blockchain ecosystem.
Frequent exchange between academics and blockchain businesses
The research facility will be built within the Finance School at the university’s campus. Bank Frick will provide financial resources for a trial period of five years.
The program includes partnership-based research projects, projects with students and even a certificate course on blockchain and fintech.
Edi Wögerer, CEO of Bank Frick, says, “The university is providing its blockchain expertise both in the financial and legal domain. Students will therefore benefit from a research-based approach and learn how the future of our sector is being shaped through innovation.”
Besides financial support, Bank Frick will contribute to the research center by sharing expertise and data. The common goal of the research center is to further develop Liechtenstein as a blockchain hub, by fostering the academic strength of the university and establishing a vivid exchange with private blockchain businesses.
Certificate course on blockchain and fintech
The new certificate course is scheduled to start in February 2019. The university has already designed the curriculum. The focus is on real-life blockchain applications, especially in the financial industry.
Dr. Martin Angerer will be in charge of the course. He is an Assistant Professor within the Chair of Finance and specialized in experimental and quantitative finance. Dr. Angerer has published several research papers in the field of crowdfunding in leading academic journals.
The objective of the program is to provide students with knowledge on blockchain technology, fintech in general and digital currencies. Minimum admission criteria are either professional experience in the financial industry or an academic degree in finance or a related field.
The course is divided into five blocks:
- Introduction of blockchain technology
- Asset tokenization
- Asset-management strategies
- Legalities and taxation of cryptocurrencies
- The importance of FinTech for innovation in financial markets
There will be a tuition fee of CHF 9,800 and the course will be held in German language. Learning materials will be available in English as well.
Other universities have also started to launch similar programs. Basel University offers a fintech focused course at its Center for Innovative Finance. New York University offers a course on blockchain technology and the University of Sao Paolo has launched a master course specialized on cryptocurrencies.
Liechtenstein University and Bank Frick are major blockchain drivers
Liechtenstein University is contributing to the country’s blockchain efforts big time. The university has played a significant role in drafting up the Blockchain Act. Leading academics were also involved in changing the legislations that led to Liechtenstein being removed from the EU’s grey list of tax havens.
Dr. Volker M. Rheinberger, President of the University Council, says “it was right to focus on these new subjects in the financial sector.”
The involvement of Bank Frick is no surprise either. The company is open to blockchain technology and is among the few financial institutions in Europe to provide cryptocurrency-related services to their clients.
A lot is happening in Liechtenstein’s blockchain community. Keep an eye on our blog, we will post updates, news and analysis on all blockchain-related events in Liechtenstein and surroundings.
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