Grand Opening of the Pavilion of the Hospital of the University of Pennsylvania

Marking a historic milestone for Philadelphia and beyond, Penn Medicine officially opened the doors of its 1.5 million-square-foot, future-ready Pavilion on Saturday, October 30, as clinical staff transported 310 patients from the Hospital of the University of Pennsylvania (HUP) into the new facility.
The 17-story building on Penn Medicine’s West Philadelphia campus, which houses 504 private patient rooms and 47 operating rooms, is an expanded footprint of HUP. The Pavilion houses inpatient care for cardiology and cardiac surgery, medical and surgical oncology, neurology and neurosurgery, and transplant surgery, and it is home to HUP’s new emergency department.
At 7 a.m., the Pavilion’s two-floor emergency department (ED)—which has replaced HUP’s existing ED—opened. A massive operation to safely transport patients across indoor bridges and tunnels connecting HUP to units at the Pavilion began at 9 a.m. and extended throughout the day, made possible by years of planning and the coordinated assistance of staff members and hundreds of volunteers. A celebratory ribbon-cutting occurred at 8:30 a.m. with University and health system leaders, including Penn President Amy Gutmann and HUP CEO Regina Cunningham.
The Pavilion is poised to serve as a launch pad for Penn Medicine’s next generation of pioneering advances in patient care, according to Kevin Mahoney, CEO of the University of Pennsylvania Health System.
“It’s a thrilling time to be part of Penn and our broader Philadelphia community, and we are truly honored to be part of such a dramatic and positive change, as we celebrate the opening of the Pavilion,” Dr. Mahoney said. “This new building now stands as a testament to Penn’s mission to serving humanity—from West Philadelphia to the East Coast, and beyond. The team who designed, built, and now care for patients in the Pavilion has shown us what the future of medicine looks like and ensured that Penn will be the epicenter of the very best care for generations to come.”
The $1.6 billion facility—the culmination of years of planning and construction—represents the latest piece of a connected medical campus, which includes HUP, the Perelman Center for Advanced Medicine for outpatient care, and the Smilow Center for Translational Research. It is the largest capital project in the University of Pennsylvania’s history, the largest hospital project in the Philadelphia region, and one of the largest hospitals in the United States.
Features of the Pavilion include:
- A “reinvented” emergency department designed to decrease wait times, speed diagnosis, and improve the care experience.
- Hybrid operating rooms that enable surgeons and physicians to work side-by-side and perform image-guided surgeries with greater precision.
- An advanced epilepsy monitoring unit (EMU) and a human neurophysiology research lab, which will bring neuroscience research and neurological care closer together.
- IRIS—a 75-inch screen and smart board—installed in every patient room allows patients to review imaging and key information about their care with their physicians, nurses, and other providers. Through IRIS, patients also have greater control of their environment at their fingertips for lighting, shades, temperature, and more, so they can personalize the room to their comfort.
The state-of-the-art hospital was designed with the future in mind, and as advances in medicine evolve, so will the building, said J. Larry Jameson, executive vice president of the University of Pennsylvania for the Health System and dean of the Perelman School of Medicine.
“Thanks to the work of a great team, we are primed for a remarkable transformation of the way we care for patients,” Dr. Jameson said. “We aim to do nothing less than redefine health care for the people who count on us every day.”
Design and planning for the Pavilion was orchestrated by PennFIRST, an integrated project delivery team comprised of Penn Medicine employees, health care design firm HDR, architect Foster + Partners, engineering firm BR+A, and construction managers L.F. Driscoll and Balfour Beatty, among others. The multilayered Pavilion design process used behavioral research to guide design choices at each step, including input from thousands of employees who paved the way for the Pavilion through a series of life-size mockups of clinical spaces and simulations that the design team used to test design assumptions and generate feedback.
Penn Medicine: $9.5 Million Grant from Warren Alpert Foundation to Increase Diversity in Genetic Counseling Programs
Penn Medicine has been awarded a $9.5 million grant from the Warren Alpert Foundation to continue its efforts to increase diversity in genetic counseling, a field that, despite impressive leaps forward in genetic knowledge, lacks a diverse workforce. The Alliance to Increase Diversity in Genetic Counseling grant will support 40 underrepresented students in five genetic counseling programs in the northeastern U.S. over five years to expand all dimensions of diversity. The Perelman School of Medicine at the University of Pennsylvania’s master of science in genetic counseling program will lead this effort, joined by participating genetic counseling master’s degree programs at Boston University School of Medicine; Rutgers University, the State University of New Jersey; Sarah Lawrence College; and the University of Maryland School of Medicine. Ten students will be selected yearly to receive full tuition support and a cost of living stipend.
The University of Pennsylvania’s master of science in genetic counseling program (MSGC) and the collaborative programs are committed to increasing diversity and inclusion in the genetic counseling field and encouraging post-graduate training and career advancement opportunities for genetic counselors. Previous philanthropic gifts to the MSGC program have supported a robust summer internship for undergraduates who are underrepresented in genetic counseling, which, in its first year, led to several rising juniors and seniors learning about the field and considering applying to the program. The Class of 2023 is Penn MSGC’s most diverse ever, with 35% of students from underrepresented backgrounds.
“We are honored to receive this grant from the Warren Alpert Foundation to continue to expand diversity and inclusion in genetic counseling while growing the overall genetic counseling workforce,” said Daniel J. Rader, chair of the department of genetics in the Perelman School of Medicine and chief of the divisions of human genetics at Penn and Children’s Hospital of Philadelphia. “The foundation is extraordinarily forward-thinking in making this generous funding available to address a critical need as the implementation of genomic medicine continues to rapidly expand.”
“On the 50th anniversary of genetic counseling being established as a field, we celebrate the first time an alliance of genetic counseling programs has collaborated to increase diversity and inclusion with scholarships, post-graduate training, and career advancements for genetic counselors,” said Kathleen Valverde, program director of the Penn MSGC.
A key rationale for increasing diversity in the genetic counseling workforce is to improve support for patients from underrepresented backgrounds. The field is currently comprised of 95 percent white women. Therefore, underrepresentation of genetic counselors from diverse backgrounds can strain critical dialogue between genetic counselors and patients, whose health outcomes are often improved through interaction with medical professionals they can relate to more personally. Unless genetic counseling becomes more accessible, existing disparities will be exacerbated. Addressing this issue will require integrated strategies, including expanding genetic research, improving genetic literacy, and enhancing access to genetic technologies and genetic counseling among underrepresented populations in a way that avoids stigmatization and other harms.
“Supporting innovative organizations dedicated to understanding and curing disease through groundbreaking research, scholarship, and service is why we are delighted to award Penn with this generous grant from the Warren Alpert Foundation,” said August Schiesser, executive director of the Warren Alpert Foundation. “Recruiting and training underrepresented individuals in genetic counseling will increase the numbers of professionals in the field, leading to an increase in access to community-based genetic education and genetic counseling services delivered by individuals who reflect different populations.”
“The Penn MSGC program leadership brings extensive experience in genetic counseling education and, with this grant, it will expand its reach to diverse students preparing them to be successful professionals who will advance the field of genetic counseling,” said Emma Meagher, a professor of medicine and pharmacology, chief clinical research officer and associate dean of master and certificate programs in the Perelman School of Medicine.
Interested applicants for Penn can visit https://www.med.upenn.edu/geneticcounseling for more information. Penn’s application deadline is January 5, 2022, with deadlines for Boston University School of Medicine, Rutgers University, Sarah Lawrence College, and the University of Maryland School of Medicine ranging across December 2021 and January 2022. Ten students will be selected yearly to receive full tuition support and a cost of living stipend.
Report of the Committee on Manufacturer Responsibility for the 2020-2021 Academic Year
Committee on Manufacturer Responsibility
I would like to thank Steven O. Kimbrough, professor of operations, information and decisions, the Wharton School, for his leadership this past year as chair of the Committee on Manufacturer Responsibility. I also thank all Committee members for their participation and thoughtful contributions.
The Committee’s report for 2020-2021 is below.
—Medha Narvekar, Vice President and University Secretary
The following report for the 2020-2021 academic year was sent to Medha Narvekar, Vice President and University Secretary from Dr. Kimbrough, chair of the Committee on Manufacturer Responsibility (CMR), in accordance with the effectiveness of monitoring; review the state of compliance of the apparel licensees and review any alleged violations of the Code.
The Code of Workplace Conduct for the Penn Licensed Product Manufacturers is attached hereto below and published of record.
Report of the Committee on Manufacturer Responsibility 2020-2021 Academic Year
It is my pleasure to report on the deliberations of the Committee on Manufacturer Responsibility during the 2020-2021 academic year.
Code Compliance
The Committee was made aware of a report from the Worker Rights Consortium (WRC) on instances of forced labor in the Xinjiang Uyghur Autonomous Region (“XUAR”) of China. University administration informed the committee that Penn’s licensing agency worked closely with the WRC to understand the nature of the allegations and identified one University licensee that had dealings with a factory that was implicated in the WRC report. Although it was determined that no Penn-branded items were manufactured under such conditions, Penn’s agency sent notice to the licensee requesting an end to the association with the implicated factory. The licensee promptly agreed to comply with the request.
As of June 2021, 137 of 138 licensees were reviewed and found to be in compliance with the Code. One licensee did not respond to our questionnaire, and consequently, was not renewed for 2020-21.
I would like to express my appreciation to all the committee members for their work on the committee.
—Steve Kimbrough, Chair, Professor OPIM
Code of Workplace Conduct for Penn Licensed Product Manufacturers
I. Introduction
With a view to stimulating economic growth and development, raising living standards, meeting staffing requirements and overcoming unemployment and underemployment, the University of Pennsylvania has adopted this Code of Workplace Conduct (the Code) to promote full, productive and freely-chosen employment.
The University of Pennsylvania expects its licensees to conduct their business in a manner consistent with this Code, and to follow workplace standards that adhere to this Code. The Code is subject to amendment to reflect any subsequently developed standards by the University.
II. Notice
This Code shall apply to all trademark licensees of the University of Pennsylvania. Throughout this code the term “licensee” shall include all persons or entities that have entered a written licensing agreement with the University to manufacture products bearing the name, trademarks and/or images of the University. Additionally, this Code shall apply to all of the licensee’s contractors. Throughout this Code the term “contractor” shall include each contractor, subcontractor, vendor, or manufacturer that is engaged in a manufacturing process that results in a finished product for the consumer. “Manufacturing process” shall include assembly and packaging.
As a condition of being permitted to produce and/or sell licensed products bearing the name, trademarks and/or images of the University, each licensee must comply with this Code and ensure that its contractors comply with this Code. All licensees and contractors are required to adhere to this Code; however, no licensee or contractor may represent that they have been certified as being in compliance with this Code.
III. Standards
University licensees and their contractors must operate workplaces that adhere to the following minimum standards and practices:
A. Legal Compliance
University licensees and their contractors must comply, at a minimum, with all applicable legal requirements of the country in which products are manufactured. Where this Code and the applicable laws of the country of manufacture conflict or differ, the higher standard shall prevail. Such compliance shall include compliance with all applicable environmental laws.
B. Ethical Principles
Licensees shall commit to conducting their business according to a set of ethical standards that include, but are not limited to, honesty, integrity, trustworthiness, and respect for the unique intrinsic value of each human being.
C. Environmental Compliance
Licensees and their subcontractors will be committed to the protection of the local environment, including their factories and their surroundings. They will protect residential areas around their factories, disposing of garbage and waste in such a way so as not to endanger the safety and health of nearby areas.
D. Employment Standards
1. Wages and Benefits
Licensees and their contractors must provide wages and benefits which comply with all applicable laws and regulations and which match or exceed the local prevailing wages and benefits in the relevant industry, whichever provides greater wages and benefits. The University is strongly committed to the employees of licensees receiving a “living wage.”
2. Hours of Work
a. Except in extraordinary circumstances, or as required by business necessity, employees shall not be required to work (regardless of location) more than the lesser of:
i. forty eight (48) hours per week and twelve (12) hours of overtime; or
ii. the limits on the regular and overtime hours allowed by the law of the country
iii. In addition to their compensation for regular hours of work, employees shall be compensated for overtime hours at such a premium rate as is legally required in that country, but not less than at a rate equal to their regular hourly compensation rate.
b. Employees shall be entitled to at least one day off in every seven (7) day period.
3. Homework
The employer must ensure that work not done at the place of manufacture is performed in a manner safe for the employee and any persons who may be in the surrounding vicinity.
4. Child Labor
Licensees and their subcontractors shall not employ any person younger than 15 (or 14 where the law of the country of manufacture allows) or younger than the age for completing compulsory education in the country of manufacture where such age is higher than 15. Young workers will not be forced to work overtime hours that would prevent them from attending school. Licensees agree to work with governmental, human rights and non-governmental organizations as determined by the University and licensee to minimize the negative impact on any child released from employment as a result of enforcement of this code.
5. Forced Labor
Licensees and their subcontractors shall not use any forced labor, whether in the form of prison labor, indentured labor, bonded labor or otherwise.
6. Harassment or Abuse
Licensees and their subcontractors shall treat every employee with respect and dignity. Licensees and their subcontractors will not subject any employee to any physical, sexual, psychological or verbal harassment or abuse.
7. Nondiscrimination
Licensees and their subcontractors will not subject any person to any discrimination in employment, including hiring, salary, benefits, advancement, discipline, termination or retirement, on the basis of gender, race, religion, age, disability, sexual orientation, pregnancy, marital status, nationality, political opinion or political affiliation, union involvement, or social or ethnic origin. Because, historically, the overwhelming majority of workers in light industry are women, assuring and safeguarding women’s rights is of particular importance for all parties.
a. Women workers will receive equal remuneration for comparable work, including benefits, equal treatment, equal evaluation of the quality of their work, and equal opportunity to fill all positions, as male workers.
b. Pregnancy tests will not be a condition of employment, nor will they be demanded of employees. Workers will not be forced or pressured to use contraception.
c. Women who take maternity leave will not, because of the maternity leave, face dismissal or threat of dismissal, loss of seniority, or reduction of wages. Licensees must permit women returning from maternity leave to return to their prior position or comparable position at least at their prior wage rate and benefits. Local laws and regulations, or the prevailing practice in the relevant industry, whichever is greater, shall determine appropriate length of maternity leave.
d. Licensees and their subcontractors shall provide, to the extent required by applicable law and regulations, or the local prevailing practice in the relevant industry (whichever is greater), services and accommodations to pregnant women, including but not limited to access to legally required health care provided by the employer, government or other provider.
8. Health and Safety
Licensees and their contractors must provide workers with a safe and healthy work environment free from recognized hazards and must, at a minimum, comply with local and national health and safety laws. If residential facilities are provided to workers, they must be safe and healthy facilities. Workers will not be exposed to conditions that may endanger their reproductive health without their informed consent.
9. Freedom of Association
Licensees and their contractors shall recognize freedom of association and collective bargaining with bargaining representatives of their own choice. No employee shall be subject to harassment, intimidation or retaliation as a result of their efforts to freely associate or bargain collectively.
IV. Compliance
Prior to the date of annual renewal of a license agreement, the licensee shall be required to provide the following to the University, as set forth in the license agreement.
A. The company names, owners and/or officers, and addresses, phone numbers, e-mail addresses, and the nature of the business association of all the licensees’ contractors and manufacturing plants which are involved in the manufacturing process of items which bear, or will bear, the name, trademarks and/or images of the University;
B. Written assurances that it and its contractors adhere to this Code (except that in the initial phase-in period, licensee must provide such written assurances within six months of receipt of this Code); and
C. A summary of the steps taken, and/or difficulties encountered, during the preceding year in implementing and enforcing this Code at each site.
Licensees and/or their contractors are responsible for conducting regular inspections of each facility at which University products are manufactured to ensure workplaces are free from recognized hazards as established in consensus standards as well as hazards as defined by local law.
V. Remediation
If the University determines that any licensee or contractor has failed to remedy a violation of this Code, the University reserves the right to terminate its relationship with any licensee in accordance with the terms set forth in the licensee agreement.
VI. Public Disclosure
A. The company names, owners, and/or officers, addresses, and nature of the business association, including the steps performed in the manufacturing process, of all the licensees’ contractors and manufacturing plants which are involved in the manufacturing process of items which bear, or will bear, the name, trademarks and or images of the University shall be made public information.
B. The Licensee shall be required to supply each year a list of all factory locations referred to in paragraph A above, and all locations Licensee anticipates will be used during the term of the License. Any additions or deletions to this list shall be reported to the University within two months of the effective date of such addition or deletion.
VII. Monitoring and Oversight
The President will establish a Committee on Manufacturer Responsibility (“the committee”) on the implementation of the University’s Code of Conduct.
Composition and Selection
1. Voting Members
a. Three members of the University faculty selected by the President in consultation with the Chair of the Faculty Senate, one of whom will chair the committee.
b. Four members of the student body, including two representatives chosen by the Civic House, and one undergraduate and one graduate student, to be chosen by the Undergraduate Assembly (UA) and the Graduate and Professional Student Assembly (GAPSA), respectively.
c. One representative of University staff selected by the Penn Professional Staff Assembly (PPSA) and the Weekly-Paid Professional Staff Assembly (WPPSA) respectively.
2. Ex-Officio Members (non-voting)
a. Representative of Business Services
b. Representative of the Office of the President
c. Representative the Office of the Provost
d. Member of the Office of the General Counsel
e. Representative of the Office of the University Secretary
An administrative staff person and a work-study intern will staff the committee. The intern will be appointed by the committee, and paid by the Office of the President. The administrative staff person will be appointed by the Office of the President.
The division of responsibilities will be as follows:
- Staff Person. The administrative staff person will act as a liaison between the committee and the Office of the President to ensure timely implementation of all decisions of the committee. The staff person will also send out notices for committee meetings to ensure maximum participation, and work closely with the intern to coordinate all committee-related administrative tasks.
- Intern: The intern will to the best of his/her abilities research the University’s licensees in order to recognize violations of the Code. This responsibility will include the compilation of a list of licensees and the maintenance of any relevant records necessary to enforce the Code, including information received from monitoring organizations about licensees for consideration by the committee. The intern will also actively work on developing mechanisms with other campuses who have signed Codes of Conduct to improve the effectiveness and efficiency of the codes.
B. Decision-Making
A simple majority of the committee (not including ex-officio members) must be present either by telephone or in person for a vote to take place. Only members who are present may vote, and decisions will pass by majority of members present and voting.
C. Meeting Schedule
The committee will meet no fewer than once each semester, with additional meetings to be scheduled as necessary in the determination of the committee chair, in the chair’s discretion.
D. Responsibilities
1. Reviewing the Code of Conduct
The committee will review the code annually to evaluate its effectiveness. Amendments to the code must be submitted to the committee for its approval.
2. Review Effectiveness of Monitoring
The committee will review, at least annually, the effectiveness of the organization(s) conducting monitoring to ensure compliance with this Code and take appropriate steps to ensure effective monitoring.
3. Reviewing the State of Compliance
Licensees will be reviewed on an annual basis.
4. Reviewing Violations
The committee will review any alleged violations of the University’s code of conduct including consulting with monitoring organizations, such as the Fair Labor Association (FLA), and the Workers Rights Consortium (WRC), and determine whether they constitute violations. Based on this judgment, the committee will recommend an appropriate course of action to the Trademark Licensing Unit. At the same time, should the Trademark Licensing Unit identify any alleged violations, the department will consult with the committee on an appropriate course of action.
E. Public Accountability
- The Office of the University Secretary will publish the University’s Code of Conduct annually and amendments as necessary in Almanac.
- The Trademark Licensing Unit will make available to any interested persons information regarding licensees’ working conditions, monitoring reports, and other relevant materials.
- The committee will work with other schools and interested organizations to improve responsible business practices in the manufacture of licensed University products.
F. Seeking and Rewarding Responsible Business Practices
- The committee will work with the Trademark Licensing Unit to seek out manufacturers that have instituted proactive measures to insure the responsible production of goods and give them preference by encouraging the University to consider doing business with them, taking into consideration competitive price, quality, and style.
- Through the efforts of the committee in seeking out manufacturers with demonstrated responsible business practices, the University commits itself to giving preference to those with responsible monitoring policies, particularly manufacturers that agree to sign disclosure agreements with the University, taking into account competitive price, quality, and style. Representatives of departments responsible for purchasing University products will keep in regular contact with the committee.
Members of the Committee on Manufacturer Responsibility 2020-2021
- Steven Kimbrough (Chair), Wharton
- Mark Stern, Social Policy & Practice
- Kathleen Hall, Graduate School of Education
- Jon Shaw, PPSA
- Sai Mamidala, Undergraduate Assembly
- Joan Dartey, Unverdaduate Assembly
- Dai’meer Bryant, GAPSA
Ex Officio members
- Lizann Boyle Rode, Office of the Secretary
- Christopher Bradie, Business Services
- Sean Burke, Office of the General Counsel
- Jessie Burns, Provost’s Office
- Leah Popowich, Office of the President
Response
Dear Steve:
Thank you for forwarding your report on the work of the Committee on Manufacturer Responsibility in 2020-2021. I commend you and the committee for your thorough review of Penn’s licensees and careful work in ensuring that Penn’s licensees are aligned with the University’s goals.
Also please accept my thanks for your significant contributions of time and talent during your time as chair of the committee. I look forward to your continued counsel as chair in the coming year.
—Medha Narvekar, Vice President and University Secretary
Anthea Butler and Nancy Hirschmann: Geraldine R. Segal Professors in American Social Thought

Anthea Butler, professor of religious studies, and Nancy J. Hirschmann, professor of political science, both in the School of Arts and Sciences, have been appointed Geraldine R. Segal Professors in American Social Thought.
Dr. Butler is a widely-recognized historian of American religion and an expert on African American religion, evangelicalism, and Pentecostalism. Her research combines the archive-driven historical study of evangelical Christianity with the study of race and religion, gender and religion, and religion, media and politics. Her books include White Evangelical Racism: The Politics of Morality in America, published in 2021, and Women in the Church of God in Christ. Dr. Butler is chair of Penn’s department of religious studies and President-Elect of the American Society for Church History. She is an opinion columnist for MSNBC Daily, and is a sought-after commentator on the BBC, MSNBC, CNN, the History Channel, and PBS.
Dr. Hirschmann is an internationally-known feminist theorist, historian of political thought, and analytic philosopher, with particular expertise on the concept of freedom. She is the author of eleven books and the recipient of many fellowships and awards, including the American Council of Learned Societies Fellowship, the Institute for Advanced Study Fellowship, and the European University Institute’s Fernand Braudel Senior Fellowship. Dr. Hirschmann has played a highly visible role in both the University and the profession, having served as Vice-President of the American Political Science Association and, at Penn, as director of the program on gender, sexuality and women’s studies and the Alice Paul Center for Research on Gender, Sexuality and Women, as well as vice-chair of the department of political science. She has served on the editorial boards of several leading journals such as the Journal of Politics and Politics and Gender, and served on the local advisory board for Hypatia.
The late Bernard G. Segal, C’28, L’31, HON’69, and Geraldine R. Segal, ED’30, GR’78, established the Geraldine R. Segal Professorship in American Social Thought in 1978. The late Geraldine R. Segal completed her PhD in sociology at Penn and was the author of In Any Fight Some Fall and Blacks in the Law. Bernard Segal, a former University Trustee, was one of America’s most respected lawyers and received Penn’s Alumni Award of Merit in 1977. The professorship is interdisciplinary in nature and awarded to a scholar of national reputation whose central interests include human rights, civil liberties, and race relations.
Office of the Provost: New At-Risk Scholars Program
Penn Global and the Office of the Provost announced the creation of the University of Pennsylvania’s new At-Risk Scholars Program.
The At-Risk Scholars Program provides central University support to Penn schools, centers, and departments who wish to help at-risk scholars escape persecution and danger to themselves and their families through a period of residence at Penn. The program is intended to simultaneously lend humanitarian aid and refuge to at-risk scholars and enhance the University’s teaching, research, and service missions.
The At-Risk Scholars Program provides limited matching financial support to Penn schools, centers, and departments wishing to host at-risk scholars, artists, writers, journalists, public intellectuals, and other individuals who help to advance the University’s teaching, research, and service missions. In addition, International Student and Scholar Services (ISSS), a department in Penn Global, provides support for U.S. visa applications, entry into the United States, and compliance with U.S. immigration policies, as well as resources for integrating into life in the United States and at Penn.
For more information about sponsorship requirements and to apply for support, please visit the program’s website: https://global.upenn.edu/at-risk-scholars-program.
Applications must be completed and submitted by a faculty or staff member of the sponsoring Penn organization. Applications will be considered on a rolling basis.
If you have any questions, or would like to learn more about the program, please contact Penn Global at global@upenn.edu.
Wharton: First Ivy League School to Accept Tuition Payments in Cryptocurrencies
The Aresty Institute of Executive Education at the Wharton School of the University of Pennsylvania announces the launch of its newest online program, economics of blockchain and digital assets. Developed in partnership with Prysm Group, a leading blockchain economic consulting firm, this six-week Wharton certificate program is designed for business and technology professionals seeking to learn about blockchain and digital assets through its value-driving principle: economics. Program participants will be able to pay the tuition fee in cryptocurrencies including Bitcoin, Ethereum, and USD Coin, a first for any Ivy League institution or U.S. business school.
The blockchain and digital assets industry has produced opportunities that were impossible to envision even a few years ago. Washington-based think tank Atlantic Council reported that 83 countries worldwide have begun initiatives relating to central bank digital currencies (CBDCs). DeFi Pulse (DeFi), a decentralized finance analytics firm, found that the total value locked in DeFi applications has increased over 1,500 percent in just two years to over $100 billion. PwC expects blockchain to boost the global GDP by $1.8 trillion by 2030, indicating that the applications of this technology are only beginning to reveal themselves. Furthermore, Deloitte found that 83 percent of businesses are discussing or working on cryptocurrencies in the context of solutions or strategies. In response to this fast economic paradigm shift, Wharton Executive Education has designed this program to assist business leaders in identifying and capturing the value generated by this disruptive technology.
With program highlights including introducing a standard valuation methodology for digital assets—the fundamental token valuation (FTV)—seven business school case studies, and over 50 program lecture videos featuring Wharton faculty and industry experts, the program seeks to allow students to align theory with practice and give them the tools necessary to engage deeply with this emerging technology in a business context.
“We designed this program for business professionals and executives from a range of backgrounds, including traditional finance, management, and tech,” said the program’s academic director, Kevin Werbach of the Wharton School. When asked about the goals of the program, Dr. Werbach said, “Blockchain and digital assets are not going away. We hope to equip business leaders, consultants, and entrepreneurs to identify the value drivers of these innovative technologies and to give them the practical understanding to build solutions.”
With industry case-study topics ranging from how large legacy enterprises can use blockchain to get ahead to what criteria digital asset creators use in selecting which protocol to issue it on, Wharton’s economics of blockchain and digital assets program takes an in-depth look at challenges that business leaders have gone through, discusses how they made their decisions, and explores essential lessons learned.
The goal of this asynchronous, online program is to educate business leaders at their own pace on how this general-purpose technology can be applied to their businesses and unlock value for the global economy.
The economics of blockchain and digital assets program is now open for limited enrollment for its first cohort, which begins on January 3, 2022. To register or receive more information on the program, visit www.blockchain.wharton.upenn.edu.
Providing Students with ISBNs and Book Price Information
The Higher Education Opportunity Act requires universities to make available to students, for each course, the International Standard Book Numbers (ISBNs) and price information for required/recommended books and supplemental materials.
To comply with this requirement, the University of Pennsylvania has worked closely with Barnes & Noble, managers of the Penn Bookstore, to maintain a simple and cost-effective process to provide ISBNs to our students. Through the bookstore’s online system, students will have access to a complete list of materials for all their courses, along with the ISBNs for each listed text.
As in the past, textbook information can be provided to other vendors, and students are in no way required to purchase their books at the Penn Bookstore.
Faculty are key to the success of the University’s efforts to act in accordance with this regulation. To that end, the efforts by Penn faculty members to work with the bookstore to provide this important information for our students are both critical and appreciated. For additional information, or to submit your course materials directly, visit the faculty services page at www.upenn.edu/coursematerials.