Why Mastercard is funding the next generation of cryptographers

Quick Take

Mastercard is overseeing a project geared at getting middle-schoolers to learn how to code and understand cryptography 
Executive Dana Lorberg also says the firm is building its expertise internally, saying the tech has “penetrated” public consciousness 
The payment giant is specifically focusing on training girls – with the shortfall here most severe

IBM, Microsoft, JPMorgan, PayPal; All major tech firms openly buying into the blockchain phenomenon, one by one.

And at the heart of this phenomenon is private key cryptography, alongside, of course, coding manpower.

But at Mastercard, there are two concerns about the sustainability of this growing technological discovery. First, it’s the number of jobs that require expertise in the field relative to the tiny number of people trained to fill them. Secondly, at the current rate, the technology will remain dependent on manpower; excluding 50% of the population; namely, girls and women.

“Cryptography and cyber security are crucial fields…but finding women in them is like finding unicorns,” says Dana Lorberg, executive vice president of Operations and Technology at Mastercard. ..Read more..

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