Georgia: The New Blockchain Giant

In the current global cryptocurrency industry, the computing power of China's Bitcoin network is at the forefront and easily represents half of the total. However, with the extraction of cryptocurrencies that is gradually attracting the attention of other countries, China is starting to face the challenges of international forces. However, with the increase in mining competition, the future direction of cryptocurrency extraction becomes more uncertain, giving rise to the following question: what is the next step in the global development of mines?

All the answers should be announced by the best experts in the cryptocurrency mining sector in Tbilisi. This, in itself, could already be an answer.

Emercoin announced the successful implementation of its "Trusted Diploma" open-source blockchain platform from Tbilisi Business & Technology University (BTU) at the beginning of August. While the blockchain grows beyond conventional financial technology (fintech), to strengthen other industries with new levels of security and immutability, the exclusive collaboration between Emercoin and BTU marks a new phase in technology expansion. Emercoin is a blockchain platform opened in 2013 and used by companies like Coca-Cola and Microsoft. Currently in use by BTU, the "Trusted Diploma" platform uses the blockchain to provide the education sector with verifiable diplomas and other certificates on an encrypted and secure app. The app guarantees that the skills of all graduates are easily and clearly verified.

Collaboration between the education sector and a cryptocurrency society aims to help schools, companies and graduates to validate the accuracy and online authenticity of training credentials. This innovative blockchain system allows administrators to store and share verifiable diplomas and other educational certificates on an encrypted and secure app.

"Just like the small tick on Twitter or Facebook profiles, companies like LinkedIn or Indeed.com could use this to validate the data represented on profiles, ensuring that data is tamper-proof and accurate," he said the advisor of Emercoin, Bill Tai.

Emercoin and BTU together address a complex social issue, both in developed and developing countries. Due to widespread corruption and manipulation, online displays of training credentials are increasingly considered unreliable. Some graduates also encounter difficulties in obtaining their documents from schools or education systems that have closed or otherwise refuse to recognize their legitimate credentials. This problem has been cited as a global crisis in a 2016 report to UNESCO and to the Council for Higher Education Accreditation.

Through secure and distributed blockchain services, Emercoin managed to find a solution to this problem that graduates and companies suffer.

"The Diploma of Confidence will help us fight the rising levels of manipulation and corruption and ensure that the training credentials we see online are valid," said Kostiantyn Bigus, Managing Partner of Emercoin. "We urge everyone to join our efforts, which will improve professional services and protect people from dangerous fraud in healthcare, legal, real estate and other sectors."

The BTU, opened in 2016, offers students innovative novel approaches to learning and, thanks to the collaboration with Emercoin, have made this platform possible and at the same time strengthened the blockchain industry in Tbilisi.

"We are very happy to work with the innovative Emercoin team on this critically important project.The Trusted Diploma platform will help our school build a secure and unchanging database of education certificates, which will help our graduates to pursue successful careers, "said Mikheil Batiashvili, rector of the BTU University and Minister of Education, Science, Culture and Sport of Georgia.

Tourism and wine have shaped Georgia in recent times, because it will go on. Yet, the country has been noted for something more than its beauty and culture, which is why the 2018 World Mining Summit will be held in Tbilisi, which will be held from September 21st to 23rd. This summit invited over 100 high-level experts from more than 30 countries, including the Chinese blockchain giant, the United States, the United Kingdom and others from Europe. Leading global mining leaders will gather to explore the development of cryptocurrency mining, including both challenges and opportunities in the industry.

This summit is evidence of the growth Georgia has experienced as it becomes a regional leader in the use of blockchain technology. The world's first cryptocurrency terminal was born in Tbilisi and after this summit many people will consider Tbilisi the next giant blockchain in the years to come. Many people will remain in Tbilisi after the summit to attend the NEO Hackathon +, which will be held a few days later, from 28 to 30 September.

Spotcoin announced that it has partnered with Georgian American University (GAU) and GEOLAB to focus on blockchain projects in the public sector, as well as the Georgian National Agency for the Public Register (NAPR) and the Georgian Agency for Innovation and Technology (GITA).

NAPR is looking for potential blockchain technology solutions to simplify the government by focusing on real estate transactions. Potential simplified solutions face financial problems, reduce illicit manipulation / fraud and increase trust in the process. NEO Hackathon + will explore solutions to provide NAPR to process automation using hash blocking and timestamping.

The focus on Georgia is constant, with current problems related to disputes over the territory, NATO membership, tourism and investments; however, September will mark a new point of reference in Georgia; the potential of his becoming a new giant blockchain.

by Shawn Wayne

03 September 2018 16:13

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