# Professor David Yermack highlights the growing importance of blockchain technology

1 Faculty News December 17, 2015 ![BusinessBecause logo](/sites/default/files/styles/246w/public/assets/images/BusinessBecause_logo.jpg?itok=HoBjU3u5)>

Excerpt from [BusinessBecause](http://www.businessbecause.com/news/mba-entrepreneurs/3664/meet-five-mba-entrepreneurs-pioneering-bitcoin) -- "Both NYU Stern and Duke Fuqua business schools have brought bitcoin programs to their MBA students. ... 'Many of the major banks may use blockchain technology to create internal systems for transferring money across borders or between banks,' said [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), professor of finance at NYU Stern."

[Read more](http://www.businessbecause.com/news/mba-entrepreneurs/3664/meet-five-mba-entrepreneurs-pioneering-bitcoin)