Spotcoin, an OTC clearing house for fiat and digital currencies, has posted its weekly roundup series, in which it introduced the Black Sea Blockchain Institute (BSBI) that claims to have a focus on “education research and innovation to expand blockchain technologies in the region.”

The BSBI was formed was due to a “demand crisis” in particular blockchain technologies. The institute will be a registered technical college that is recognized by the Georgian Ministry of Education and Science as well as the Council of Higher Education Accreditation. Some of the planned activities include events, sponsorships, and to bring blockchain professionals together in the Black Sea region.

The BSBI held its Black Sea Blockchain Summit in April this year, and Spotcoin is due to hold a Hackathon soon in Tbilisi, Georgia.

Spotcoin also announced that it has partnered with the Georgian American University (GAU) and GEOLAB to focus on blockchain projects in the public sector, as well as the Georgian National Agency for Public Registry (NAPR) and Georgia’s Innovation and Technology Agency (GITA). Spotcoin will soon release its selection criteria for developers to work on real estate transactions for Georgia’s government.

More information on Spotcoin can be found at the links below.