# Professor David Yermack and Assistant Dean Roy Lee are interviewed about Stern's new Executive Education short course on the blockchain and digital currency

1 School News September 23, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/2/8ff40b48-5898-11e5-a28b-50226830d644.html) -- "Though much of the hype is centered around bitcoin, [Prof Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) says the blockchain could have huge applications for record-keeping in a range of industries, such as the media or arts as well as manufacturing and finance. 'It looks like the blockchain is a replacement for double entry bookkeeping.'... For Mr Lee, this kind of open enrolment programme is a way of differentiating the school from competing institutions through cutting-edge thinking. 'We think about the alignment of market interest and faculty research. We view our short courses as an innovation lab for the school.'"

[Read more](http://www.ft.com/intl/cms/s/2/8ff40b48-5898-11e5-a28b-50226830d644.html)