How We Ranked the High Universities for Blockchain


To this finish, we’ve made two main adjustments to our methodology this yr. First, we included not solely extra faculties, however a greater variety of colleges – our subject has expanded from 46 U.S.-based universities to greater than 200 faculties (230, to be actual) from across the globe. Second, we factored in “price of attendance” to mirror a metric of rising concern for a lot of present and future college students.

Learn Extra: The High Universities for Blockchain by CoinDesk 2021

Above all, we wish to be certain that these rankings do what they’re meant to do: supply a holistic snapshot of the intersection between this transformative expertise and establishments of upper schooling. We imagine {that a} clear, intellectually defensible rating can assist condense what finally ends up being an unbelievable quantity of difficult-to-find data (with innumerable components) down right into a extra manageable format.

Within the open-source spirit, we’d additionally prefer to reiterate our dedication to integrity and information transparency. We’re more than pleased to debate and/or share our information, our strategies or anything concerning the undertaking upon request.

Pattern dimension

Our official pattern dimension for these rankings was 230 particular person faculties, which isn’t almost the entire variety of universities that exist world wide. To find out on which establishments to focus, we added faculties to the record in accordance with their capability to satisfy any one in every of three standards.

First, we included any faculty that was listed within the high 100 of any one of many USNWR Finest World Universities (2021), the QS World College Rankings (2022), the ShanghaiRanking’s Tutorial Rating of World Universities (2021), or the World College Rankings (2022). We additionally included any faculty that had been thought-about final yr (2020) that was equally based mostly on aggregating outdoors rankings. This gave us a big preliminary pattern.

This setup, nonetheless, if restricted to only these two standards, might pose an issue: What if a lower-ranked faculty (as judged by USNWR, QS, ARWU, or THE) is doing superb work however fails to be thought-about just because a couple of outdoors sources occurred to miss them of their international rankings? That is removed from a fascinating consequence.

Then again, we merely don’t have the assets to intently look at each faculty in existence, particularly when comparatively few of them are engaged within the type of impactful blockchain work that’s prone to result in a spot on our rankings.

To stability these issues, our third standards was a compromise: Once we launched our qualitative survey, we additionally included a name for any faculty, wherever on the earth, to request inclusion/consideration in our rankings. By opening our standards however putting the burden of requesting to be included on the colleges themselves, we had been in a position to take away any synthetic limitations on which faculties had been thought-about whereas concurrently sustaining a excessive degree of confidence that any faculty that took the affirmative step of asking to be evaluated would finally be value our time and assets to look at intently.

These ultimate 230 establishments signify a number of the greatest faculties in existence at present, and our ultimate pattern noticed a mixture of giant, historically “elite” analysis establishments and smaller faculties, from public to non-public, from free to costly, with each continent (apart from Antarctica) represented.


To find out ultimate scores, we checked out 5 major classes: (1) an establishment’s energy in analysis and tutorial contributions to advancing the sector; (2) the prevailing blockchain choices on campus, whether or not within the type of lessons, instructional facilities, golf equipment, and so forth.; (3) employment and business outcomes; (4) price of attendance; and (5) total tutorial repute.

Every class includes a number of sub-categories, providing a holistic image of a college’s presence within the blockchain house. For a ultimate rating, we assigned factors to every establishment proportional to their efficiency in every class, and normalized their ultimate level totals on a scale from 0-100.

1) Scholarly influence: To find out a college’s scholarly influence rating, we relied totally on the Clarivate Internet Of Science database. We took the entire variety of publications (all topics) from every faculty, and narrowed them to incorporate solely blockchain- or cryptocurrency-related papers printed between 2019-2021 (together with forthcoming papers slated for 2022). From this set, we generated quotation stories and created subsets wherein the primary writer of the publication was affiliated with the college in query. The ensuing information gave us the important thing metrics of (1) whole blockchain analysis papers printed by college associates, (2) how typically these papers had been cited, and tough numbers on (3) how typically the first researcher on a paper comes from a given establishment (the “first writer” conference being, in fact, self-discipline dependent).

Uncooked numbers, nonetheless, don’t all the time inform the complete story. A much bigger faculty, with a bigger college and a hefty endowment, could also be placing out extra blockchain analysis total (whereas nonetheless managing to dedicate a comparatively small share of its assets to the sector), whereas a tiny faculty that dedicates a way more spectacular share of its total assets to blockchain analysis might find yourself with fewer papers merely as a consequence of a smaller total headcount.

To account for this, we additionally normalized every information level (the place relevant) in opposition to the entire institutional output. When normalized on this method, a smaller college that’s devoting a bigger proportion of its analysis to blockchain shall be rewarded relative to a extra large college who is ready to pump out a larger amount of analysis with much less funding. In recognition of the truth that each uncooked output and focused output are beneficial metrics, each are factored into our rankings, together with the aggregated H-Index of a college’s blockchain publications. For anybody focused on reproducing our dataset, please be certain that a) you will have full entry to the Internet of Data and all Clarivate subscriptions; and b) use our question to filter the outcomes: “cryptocurrenc* OR blockchai* OR bitcoi* OR ethereum OR stablecoi*”

2) Campus blockchain choices: To reach at a college’s blockchain choices rating, we examined a number of sides of their present campus infrastructure. Campus course choices are the most important single subcategory that we checked out. The variety of obtainable lessons (particularly when unfold over a number of departments, offering a possibility for a extra sturdy schooling) reveals a deep funding into the house each within the current and for the long run. College have to be employed, curricula have to be developed and administrative buy-in have to be achieved. These will not be carried out on a whim, and are normally fairly everlasting.

The second-largest think about our rankings is the presence of a devoted blockchain analysis middle, though we additionally individually thought-about smaller initiatives and student-run golf equipment. Analysis facilities and initiatives typically supply distinctive alternatives for college students to become involved in tutorial work or acquire hands-on expertise, and may function a gravity nicely for novel concepts and thinkers (particularly when these entities take the extra step of organizing conferences, summits or different instructional occasions). Analysis facilities, initiatives and golf equipment all permit college students, college and the bigger neighborhood to attach with different fans, and have a tendency to offer an important tether between academia and business.

Lastly, to spherical out this class, we gathered information on the nascent however ever-growing set of universities that supply blockchain-related levels, whether or not on the graduate or undergraduate degree and typically as a focus inside one other diploma. As an entire, the Campus Blockchain Choices class is probably the most consequential element of our methodology.

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3) Employment and business outcomes: A college’s capability to put college students into related jobs is a crucial metric for 2 causes: one, it says one thing about an establishment’s cache within the business, both as a consequence of identify recognition, private connections, or institutional pipelines; and two, that is of specific significance to present and incoming college students.

A scholar’s major objective in acquiring a school schooling is, in spite of everything, typically to safe a job in business. To find which faculties are putting probably the most graduates within the blockchain subject, we seemed on the LinkedIn footprint of over 200 of the most important and most influential corporations within the house, in addition to their hundreds and hundreds of staff. To mitigate biases, we factored in each uncooked and normalized numbers. Uncooked numbers are helpful for highlighting faculties which can be putting a excessive variety of graduates into jobs, however bigger faculties in bigger international locations will are likely to have a bonus merely due to sheer dimension.

Normalized numbers paint a extra nuanced image of hiring practices. To shed some mild on our information, we tweaked our information in two extra methods. First, as a result of we relied closely on LinkedIn as a supply, we discovered it prudent to get a way of how correct LinkedIn could be for various international locations. To do that, we used every nation’s dimension, greater schooling ranges, and LinkedIn use to generate a multiplier for every college based mostly on the anticipated variety of hires that we might have missed. International locations with decrease proportionate ranges of LinkedIn use obtained a lift by way of uncooked numbers.

Second, we additionally acknowledge that uncooked numbers can simply be inflated merely because of the dimension of a inhabitants. The College of Buenos Aires, for instance, with its ~300,000 college students, is more likely to put 200 alums into blockchain jobs than someplace like Rockefeller College with its ~213 college students.

The College of Buenos Aires putting 200 grads into blockchain is predicted even with zero funding into the sector, whereas Rockefeller putting that very same quantity can be indicative of one thing nearer to a faculty that’s targeted completely on blockchain (extremely unlikely, as Rockefeller is well-respected bio/medical sciences college). To account for this, we normalized in opposition to faculty dimension, as nicely.

To collect qualitative information, we additionally surveyed business stakeholders and different non-students, non-academics to get a way of how establishments are (subjectively) seen by those that contemplate themselves to be outdoors of academia. This information was quantified numerically, as was details about the variety of lively business partnerships (together with sponsored analysis) maintained by every college.

4) Price of attendance: To calculate a college’s Price of Attendance rating, we checked out each total price and a normalized building of total price of attendance. We assumed right here that decrease tuition was preferable, and really feel that we must acknowledge the vital caveat that we solely thought-about the bottom worth of a college, whereas in precise observe, grants, scholarships, alternative prices, and even residency can utterly change a person’s calculation. Alongside comparable traces, tuition is a purely student-facing concern, whereas we hope that these rankings discover use by non-students. Due to these considerations, our price metric is, by weight, the least consequential element of our methodology.

Two items of knowledge had been factored in to generate this rating. The primary is tuition, with one word. Each time potential, we assumed that an attendee can be from inside the nation however out of state when calculating tuition prices. After all, some universities simply have one flat price. Others, nonetheless, cost totally different quantities of tuition for in-state (versus out of state), and have one more price schedule for worldwide college students. To seize the most important variety of probably college students, we persistently utilized the “out of state however not out of nation” tuition rule each time needed.

The second piece of knowledge is a normalized price of attendance. To find out this, we employed each wage information for the nation wherein the college is situated and an exterior cost-of-living chart as proxy information to construct a mixed country-specific price of residing index. We then ran uncooked tuition information in opposition to this hybrid index to assign ranked scores to every college.

5) Tutorial repute: In an ideal world, rankings would emphasize benefit, and anonymized, quantifiable information can be ample to guage a college’s influence within the blockchain house. Realistically, nonetheless, the intangibles of a college have an outsized influence on all the pieces from a scholar’s job prospects, to their capability to get a foot within the door of an internship, to the caliber of speaker that may spend their restricted time giving a chat at any given faculty.

To faux that repute doesn’t matter, that historical past is insignificant, is to do a disservice to our rankings. The impact of a college’s tutorial repute on our methodology, nonetheless, is dwarfed by each different class aside from price, reflecting each the latest shift away from credentialism and the larger weight that we assign to extra tangible, productive metrics.

To find out an establishment’s repute rating, we checked out two standards: (a) present, total repute as calculated by USNWR, THE, ARWU, and QS; and (b) repute as decided by our personal qualitative surveys, which requested each practising teachers and present college students to guage faculties. This information was break up in accordance with whether or not it got here from a scholar or a tutorial, and quantified numerically.

Just like final yr, there are two widespread threads in our methodology. First, in step with our objective of rigor, defensibility and reproducibility, we used externally verified, quantitative information each time such information was obtainable, and normalized this information the place applicable so as to add as a lot nuance into our rankings as potential. Once we required qualitative information, we despatched out open, public, shareable surveys by way of all obtainable channels and did our greatest to not restrict participation in any method.

Second, we made each try to look at every information level from as many angles as potential. As is commonly the case, any given information level may be seen as a constructive in some conditions however a destructive when seen by way of a distinct lens. Normalization is one device to fight this, however so are issues like widespread sense and a dispassionate evaluation of the panorama. Information tells a narrative, and our objective was to let our information inform as full a narrative as we might.

On rankings normally

As a ultimate word, we’d prefer to echo a sentiment expressed final yr and deal with the undertaking of making college rankings in a extra basic sense. In vital methods, ordinal rankings are extremely helpful for displaying very particular information or decreasing giant quantities of data down right into a digestible format, however are additionally each slim and inherently malleable.

Even small adjustments to the methodology can have outsized results on the ultimate end result, as can outlier information and even researcher-introduced errors. To state that rankings are susceptible to criticisms of subjectivity and malleability shouldn’t be meant to marginalize our information or the bigger undertaking at hand; slightly, we hope that by highlighting the constraints of our output, these rankings shall be extra helpful to a larger variety of people.

We’re very keen to debate our methodology, share information, reply questions, and deal with considerations. readers are inspired to contact Joe Lautzenshiser (joe.lautzenhiser [at]

As a ultimate word, it’s value noting that we hope these rankings function the muse for a residing, respiration useful resource that goes nicely past an ordered record of colleges. We have now began and can proceed to do that analysis, however we’re not naive sufficient to imagine that we are able to construct this specific monument alone.

However we imagine this useful resource illuminating one small nook of the blockchain universe has super worth – for college students in search of a extra conventional path into the business, for teachers hoping to collaborate with like-minded people, for corporations questioning the place particular analysis is being carried out. As a primary step, we’ve began filling out profiles for a number of the high universities, however we’d finally prefer to have each faculty represented.

College students can contribute to this by checking their faculty(s) and having a licensed college consultant (e.g., a member of the media/communications/and so forth. workforce) contact us if any data is outdated or lacking, or if their faculties don’t but have a profile. People can assist by highlighting vital analysis and tasks, or novel approaches to blockchain schooling. Colleges can assist by analyzing these rankings and utilizing them as a sign for how one can enhance. Finally, the reply is straightforward: dedicate assets to educating college students, college, and the neighborhood about blockchain expertise.

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CoinDesk College Rating
1Nationwide College of Singapore100.00
2Royal Melbourne Institute of Know-how97.65
3College of California Berkeley93.26
4College of Zurich91.66
5Massachusetts Institute of Know-how91.57
6Hong Kong Polytechnic College84.30
8Tsinghua College79.20
9Chinese language College of Hong Kong75.30
10ETH Zurich75.04
11Nanyang Technological College, Singapore74.98
12Stanford College68.41
13UNSW Sydney66.29
14Metropolis College of Hong Kong66.13
15College of Oxford65.47
16Shanghai Jiao Tong College65.18
17Cornell College63.98
18Delft College of Know-how63.85
19College of Hong Kong61.97
20College of Sydney61.48
21École Polytechnique Fédérale de Lausanne (Switzerland)60.78
22College of Illinois Urbana-Champaign60.10
23College of Cambridge58.69
24Hong Kong College of Science and Know-how58.51
25College of California Los Angeles58.40
26Korea Superior Institute of Science and Know-how57.87
27Solar Yat-sen College57.18
28College of British Columbia55.80
29Peking College54.15
30Arizona State College51.86
31Technical College of Munich51.78
32College of Edinburgh51.77
33Carnegie Mellon College51.10
34College of Melbourne50.95
35Worcester Polytechnic Institute50.77
36Georgetown College50.40
37Fudan College49.95
38College of Southern California49.57
39Korea College48.85
40Imperial School London48.59
41New York College48.55
42Tokyo Institute of Know-how47.37
43College of Warwick47.19
44Fordham College46.89
45Columbia College46.46
46Seoul Nationwide College45.72
47King Abdulaziz College45.59
48Monash College44.05
49Harvard College43.89
50Zhejiang College43.37


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