Every summer RIT Croatia hosts study abroad programs, attended mostly by students from the US. This year we’ve run three programs: Ecology of Dalmatian Coast and the Roots to Croatian Wine Tradition (Dubrovnik campus), Psychology program (Zagreb campus), and the newest one - Business administration minor which ran in Zagreb.

One of the courses in the BA minor program is related to Bitcoin, and we’ve used this opportunity to talk to our professor Schmidt who delivered the class and is a huge Bitcoin aficionado. "Bitcoin is arguably the most significant technological innovation since the Internet”, says Dr. Schmidt. "So how could we, as an institute of technology, not immediately jump on the bandwagon? The première of my course was taught this summer to a cohort of American students from the Rochester campus. We first studied how money works, how our current monetary system is under heavy strain due to inherent design faults coupled with a series of crises since 2008. Against this backdrop we studied Bitcoin technology at a very detailed level, including practical workshops handling transactions, using so called wallets, and running nodes.”