Unveiling the Insights: Future Business Leaders' Take on Blockchain and Cryptocurrency – A Reflection on Our Recent Seminar at the University of Technology Sarawak
As you may recall, we recently conducted a successful educational seminar at the University of Technology Sarawak. We have had the privilege of gathering valuable feedback from our participants, which has informed the content of this article. Within this article, we aim to share insights into the perspectives of our future business leaders regarding the past and future of blockchain and cryptocurrency.
The event was attended by 19 students aged 20-24 and consisted of 5 male students and 14 female students, most of whom were enrolled in the Bachelor of Accountancy (Honours) program.
In considering the feedback, it is worth noting that 100% of participants responded that they feel this educational talk has been valuable to them as students of the School of Business and Management. Moreover, an impressive 89% of respondents affirmed their willingness to recommend this educational talk to their friends and family.
When Fear, Uncertainty, and Doubt (FUD) work their magic, but this time, it's a positive enchantment.
Now, let us delve into the factors that contribute to their perception of the value of our educational talk on cryptocurrency.
Why did the students value our educational talk on cryptocurrency?
42% of the students believes cryptocurrency will go mainstream and they did not want to be left behind. We call that fear. The other 42% were uncertain or perhaps doubtful about the future of cryptocurrency, but they thought it was always beneficial to learn something new. This is what we call uncertainty and doubt.
In other words, 84% of the participants valued this educational talk due to FUD (Fear, Uncertainty, Doubt). Well, we know in the cryptocurrency market, FUD can lead to extreme price volatility. In our case here, FUD actually contributes to the value of this educational event.
The remaining 16% seems optimistic about the future of cryptocurrency as they stated that they are interested in working for companies that offer cryptocurrency-related products or services. So if we combine the optimism of this group of students with the other group of students that believes cryptocurrency will go mainstream, we have 58% of the students who believe in the power of cryptocurrency in some way.
What does this mean?
This is a significant number, and it suggests that there is a growing demand for education about cryptocurrency.
When the Illusions of the Past Confront the Realities of Today
Before joining the seminar, it’s intriguing to note that the students had varying degrees of familiarity with cryptocurrency. Specifically, 16% of the attendees had never encountered the concept of cryptocurrency. Additionally, 37% were aware of its existence but had previously shown no active interest in delving further into the subject. What’s particularly remarkable is that a significant 47% of the participants not only expressed curiosity but also a genuine desire to deepen their understanding of this innovative financial tool.
Could Venturing into the World of Cryptocurrency Spell Trouble?
We were also curious to know how well the students understood the legal status of cryptocurrency in our country. The responses we received shed light on the fact that a substantial majority held the belief that holding cryptocurrency was either illegal or admitted to having no knowledge of its legal status. Surprisingly, only 47% of the respondents appeared to be aware that cryptocurrency is indeed legal in our country, albeit not recognized as legal tender.
Share with us the particular gem from the talk that has shone brightest for you.
The two-hour session was thoughtfully structured around three key topics: the fundamentals of cryptocurrency, the prevailing regulatory landscape for cryptocurrencies in Malaysia, and an exploration of the potential risks and scams often linked to the crypto realm. Notably, the majority of participants expressed their keen interest in the foundational aspects of cryptocurrency. The second most significant group exhibited a strong inclination toward delving into the intricacies of risks and scams. Additionally, there were participants who displayed a notable affinity for the intricacies of regulatory frameworks and guidelines in this domain.
Unleash the boundless potential of blockchain, and let its transformative magic empower positive change within our community.
Blockchain serves as the foundational technology for the majority of cryptocurrencies, yet its capabilities extend far beyond digital currencies. Were you aware that blockchain holds immense potential for diverse applications? We invited students to share their visions of how blockchain can make a meaningful impact on our community. Now, let’s unveil the top 5 ideas, some of which share equally impressive rankings.
Join the vibrant tapestry of a blockchain project powered by our community.
When questioned about their inclination to engage in sponsored community-driven initiatives harnessing blockchain technology to attain their objectives, these young individuals exhibited unwavering enthusiasm. A resounding 98% of them expressed their willingness to explore involvement in such projects, with an impressive 42% offering an unequivocal ‘Yes’ to the prospect.