The Higher School of Economics’ (HSE) start-up incubator and Qiwi payment processor joined their forces in Moscow, Russia, to explain blockchain to professional audience.

Representatives of the payment processor organised their first seminar at the new incubator space in the South West of Moscow, reports CoinFox correspondent on site. The first seminar introduced the audience of some 40 people to the basic notions of digital currency.

“Alexander Pankov, a blockchain specialist, has shown the audience how to create a wallet and how blockchain works,” says CoinFox representative.

To better explain the details of transaction mechanism, Pankov handed out some sheets of paper with a lot of computer code. “It was intended for professional audience, for programmers,” adds our correspondent.

In fact, for the sake of convenience Pankov focused on litecoin rather than on bitcoin, for its transactions are processed four times faster. It has not been announced yet if the seminar is a one-off event, or Qiwi and the incubator are planning to make it regular.

This autumn Russian electronic wallet platform Qiwi announced its intention to start releasing new digital currnecy Bitruble in two years’ time. It has already been confirmed that the Federal Intellectual Property Service registered Bitruble as a trademark.

Higher School of Economics is one of the most prominent Moscow academic institutions. The rector of the university, Yaroslav Kuzminov, is a husband to the Central Bank of Russia governor Elvira Nabiullina, who recently gained some fame in bitcoin community for her pragmatic approach towards digital currency.

Roman Korizky