‘Satoshi Way’ Course to Prepare Crypto Developers in Ukraine

Ukraine’s crypto business sector has decided to address the deficit of developers in the field. Several companies, the industry’s association and an educational organization have teamed up to organize a professional course that will teach students how to create solutions utilizing crypto technologies.

Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Win-Win Situation for All Stakeholders

Six companies, including a number of prominent crypto platforms, the Blockchain Association of Ukraine (BAU) and the Ukrainian National IT Factory (UNIT) are behind the educational project. Its first Blockchain Hub Academy course has already started and in the next four months it will prepare the first group of 30 students to take on the challenges facing the crypto industry in their country. Quoted by Forklog, BAU vice president Vitaliy Bulychev commented:

The aim of the initiative is to prepare tech specialists for the crypto industry… This is one of the few niches where a rapidly growing industry provides ample opportunities to monetize knowledge, while giving a feeling of satisfaction from value creation, where the products are open to the world and everyone is a brick in the foundation of the new paradigm of economic relations.

Bulychev also noted that in Ukraine “there are people willing to learn and there are carriers of unique knowledge.” In his words, that’s a “win-win situation for all stakeholders.”

The educational program has been developed with the participation of experts from major Ukrainian companies working in the crypto space such as Distributed Lab, Pandora Boxchain, Kuna Exchange, Remme, Atticlab, and Blocksoftlab. It is based on UNIT’s peer-to-peer approach which means there will be no lecturers.

Students to Learn to Create Wallets and Smart Contracts

The 4-month course is divided into two segments. The first part called “Satoshi Way” is focused on Bitcoin and the basic distributed ledger technologies associated with the first cryptocurrency. The second, titled “Post-Satoshi Era,” will cover the full spectrum of related technologies and developments that appeared after Bitcoin.

During the course, students will learn how to create cryptocurrency wallets, smart contracts, and how to work with different protocols. They will also acquire knowledge in cryptography and game theory. Upon completing the program, the participants will have the necessary expertise and skills to develop their own blockchain solutions.

Despite having a relatively developed crypto sector, Ukraine is yet to adopt dedicated regulations and legalize the industry. A number of draft laws have been filed in the country’s parliament since the fall of 2017 but the legislation is still pending approval by the Verkhovna Rada.

In October 2018, a new regulatory concept was announced by the Ministry of Economic Development and Trade. The document states that Ukraine should fully legalize cryptocurrencies and related business activities within the next three years.

According to a report published last spring, the daily trading volume of digital coins with the Ukrainian hryvnia surpasses $1.9 million. Another study released in December estimated that Ukrainians trade around $775 million of cryptocurrency annually.

What do you think about the educational initiative of the Ukrainian crypto industry? Tell us in the comments section below.

Images courtesy of Shutterstock.

Want to create your own secure cold storage paper wallet? Check our tools section.