At Spotcoin, we want to make digital currencies work for everyone. To do so, we’ve outlined two key focus areas: digital and geographic. We’ve shared our vision of the digital landscape with Spotcoin’s Close-up series on our digital exchange, our NEO partnership, and our place in the NEO universe. Our vision will bring simple liquidity to all NEP-5 based tokens.

But we also have a geographic focus, a commitment to our home base, the Black Sea Region. In this final part of our series of Spotcoin Close-ups, we want to share our plans with the Black Sea Blockchain Institute. The Black Sea Blockchain Institute (BSBI) is focused on education, research and innovation to expand blockchain technologies in the region. Read on to learn five key things about BSBI.

Government Supported Opportunities

At Spotcoin, we see education in a broad sense by supporting educational opportunities for students, governments, and businesses throughout the Black Sea region. We have already started by providing information and advice on blockchain to local governments, especially with the Georgian Innovation and Technology Institute. With our expertise, we will help shape the government’s view on blockchain’s uses and opportunities. Together with the NEO Black Sea Community and the Georgian-American University, we will host a NEO hackathon sponsored by the Georgian government, searching for the best ideas for government use. The Georgian government has already announced far-reaching plansto run sections of the nation’s taxation on blockchain technology, and the BSBI is happy to assist in research and development.

Focused Education

We aren’t just focused on helping the government. We are committed to supporting students and up-and-coming talent. Georgia has a great talent pool of smart developers. 20% of Georgian university students are already directly involved with blockchain technology in one way or another. These are the bright young people our industry needs, and the BSBI is there to help with classes like Blockchain 101 and the Mergelyan Club series on blockchain digital assets.

Have no fear. It is all legitimate and accredited. The BSBI will be a registered vocational /technical college officially recognized by the Georgian Ministry of Education and Science as well as the Council of Higher Education Accreditation (CHEA). Needless to say, if any of these bright developers are interested in putting theory to practice, we will know just the place.

A Respected Research Center

This year, Spotcoin hosted the first Black Sea Blockchain Conference. Attended by roughly 200 speakers, industry leaders and enthusiasts, we brought the community to Tbilisi, Georgia for a day. At Spotcoin, we are committed to an annual event where the community can gather and present use cases, share research and discuss developments. The BSBI also seeks to produce articles that are published in peer reviewed publications and become a hub of knowledge for the entire region.

25.04.2018: Black Sea Blockchain Summit

Incubate Innovation

One of the most fascinating things about the blockchain and digital assets industry, is that it is brimming with creative ideas. We haven’t even scratched the surface of what is possible. One thing we do know, is that when you bring smart, enthusiastic people together in a well-facilitated manner, ideas materialize. And that is an exciting prospect!

The BSBI will act as an accelerator and incubator, where those ideas become businesses. On a case by case basis, the BSBI hopes to support blockchain startups, providing knowledge, contacts, experience and funding in exchange for a share of the company. This provides potential businesses with the resources to support and grow our region into a technological powerhouse.

And a bonus! Any possible profits from BSBI would benefit SPOT token holders, as they stand to receive 12% of the net profits of the Spotcoin business lines as quarterly dividends, starting the moment these business lines are profitable. These is in addition to the weekly dividends of 51% of the exchange fees from our digital exchange.

For Everyone

We are serious about making digital currencies work for everyone. We believe the smart economy offers great opportunities and has much to offer to our beloved Black Sea Region. That’s why we created the Black Sea Blockchain Institute. It is our commitment to educating and helping shape a climate of innovation in our own backyard.