Bringing Blockchain to the Black Sea

Based in Tbilisi, Georgia, Spotcoin was founded in 2016 as an early cryptocurrency OTC marketplace as a key player in the developing blockchain industry of the Black Sea region.

With the aim to establish a comprehensive blockchain ecosystem in the Black Sea region, Spotcoin intends to build a suite of services to make decentralized technology a seamless part of daily interactions with currency.

The Spotcoin digital asset ecosystem is to include a cryptocurrency exchange integrated with their existing OTC platform, a payment system for daily transactions, mining facility, and Black Sea Blockchain Institute.

With their newfound success, Spotcoin is seeking to expand their presence in Georgia and beyond in an effort to "Further blockchain adoption."

One of the first countries to integrate blockchain into government data systems, Georgia is an unlikely but hospitable setting for burgeoning blockchain innovation.

Instead, Gick sought to find an alternative blockchain that was viable in the long-term and aligned with their mission of expansion and adoption in the Black Sea region.

Of the smart contract platforms proposed, Gick pointed to NEO - lauding its long-term outlook and goal to achieve 100,000 TPS:."We chose NEO for a number of different reasons We established a criteria that married up with what we wanted to do and our future goals and that fit NEO. With our fiat exchange, we're focused on NEO.".

The SPOT Token will be issued on the NEO blockchain and adhere to NEO's NEP-5 standard.

"Our second event we're going to run is a hackathon focusing on a specific problem set in the NEO blockchain and we're going to incubate at the Georgia American University Our goal is to bring in a NEO representative and run this as a NEO event We want to bring in more devs focusing on the NEO blockchain to the Black Sea region."

Through key alliances, product expansion, and government support, Spotcoin is poised to achieve their mission in shaping the blockchain industry in the area.