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6-Day Blockchain Training Cost 19,800 CNY

What is blockchain? The answer could be simple or sophisticated depends who is asked. In order to go down the rabbit hole, some people are willing to pay a lot. Seeing the rising market demand, some entities roll out training sessions. Some are genuine and some not so genuine. Wechat group are filled with ads offering blockchain training courses. One can simply scan QR code to get online trial lessons for free but following cost varies a lot.
A reporter discovered that a training program in WeChat called the “Peking University President Course for blockchain” offered a 3-month session, which would cost applicant 2 days a month (total 6 days) and 19,800 yuan. Plus, the applicant would need to take care of their own accommodation. The highlight of the course was the tutors. The advertisement claimed that Wu Jihan, CEO of Bitmain, would be lecturing. However, when the reporter asked for detail, the relevant staff said that these mentors were “pending for invitation”. The Blockchain Investment Institute (BIA) also offered a 3-day blockchain training session for 88,888 yuan per person.

Some IT training institutions also participate in blockchain-related training courses. As they are mostly online courses, the prices seem relatively “low”. According to incomplete statistics, IT training institutions such as Heima Programmers, 51CTO and Jutui Colleges are offering blockchain training courses. For example, the beginner course on Jutui is charging 78 yuan for its online blockchain course.

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Another advanced course is more expensive, 999 yuan per person. The tutor of the course is called “David”. On his bio page,

“4 years of experience on blockchain development, 10 years of experience on mobile application development. An enthusiast of blockchain technology.”

But the online college didn’t forget to post a disclaimer:

“Tutor is preparing perfect training material. The course is not ready yet. Applicants will be contacted once everything is ready. Please be noted that no refund is available for this course.”

According to Chen, who participated in blockchain training in Shenzhen, he took a blockchain training course in Shenzhen. The venue was actually in an office. He was also skeptical about the qualification of tutors.

“The tutor just read out the content from the book and there was no time for questions.”

“Actually, the contents of classes are all printed on the book. I have found that many training institutions have simply extracted some basic concepts from the book. Then they invite some sort of celebrity as tutor and call it training. “

Chen Song replied. The reporter also interviewed a number of “students” who had received some blockchain training. The common concern was around the qualification of tutor and the training cost. Also the short term training was not formalized and casual. Training material are mostly from what is available on the internet, usually including cryptography, distributed ledger, consensus algorithms, and source code of analysis of Ethereum.

According to the latest data released by LinkedIn, the global demand for blockchain talent has increased since 2015 and has experienced explosive growth from 2016 to 2017. Perhaps it is the shortage of talents and the thirst from relevant companies that drives the booming of training facilities. Some training institutions take advantage of this opportunity and actually grasp money.

According to Wang Di, VP of LinkedIn China Technology, blockchain is an emerging technology model driven by community development and still in its early stage. It is currently incomplete. Xu Hongbo, chairman of Chuangda Capital, believes that there are over-expectations and bubbles in the early stages of all industries. Bubble is a good thing and also a bad thing. The influx of funds led to the rapid development of the industry. On the one hand, it means embracing new technologies but on the other hand, caution must be taken with investment.

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