Bitfury & Russian Economics University to Setup Blockchain Accelerator

Russian crypto news outlet Forklog detailed that Bitfury, a multisectoral blockchain company, has joined forces with the Russian Plekhanov University of Economics to form a blockchain venture accelerator.

In addition to supporting the advancement of blockchain ventures, the university will give courses and extra instruction for “training pros who can make innovative ventures utilizing digital technologies in a brief time,” said Dmitry Ufaev, head of Bitfury Russia, to “market[ the ventures] within the middle of the new industrial revolution.”

The venture is backed by the Russian Ministry for Digital Development, Communications and Mass Media, concurring to Forklog. A ministry official cited by the news outlet stressed that the pilot program fulfills the yearnings of both public institutions and large firms that require modernization.

Strikingly, major universities around the world introduce regularly new crypto-related courses. According to a recent research by Coinbase, 42% of the top 50 universities in the world, such as Berkeley, Stanford and Cornell, offer at least one cryptocurrencies and blockchain course.

Tokyo University has introduced a blockchain technology course earlier this week, after several firms –including Japanese banking mammoth Sumitomo Mitsui–donated $800,000 to bolster the program.

In October, the University of Gibraltar set up a counseling group centering on the advancement of blockchain-related training courses. The Education Group New Technologies is supposedly a partnership activity between the government, the college and a few of the country’s top innovation companies.

On 6 November, Bitfury closed the $80 million financing round led by the European Venture Capital Fund Korelya Capital.

The firm has moreover as of late roped in Antoine Dresch, an investment banker, to its Board of Directors and Annette Nazareth, a former member of the US Securities and Trade Commission (SEC).