In 2014, the University of Nicosia (UNIC) in Cyprus, as part of its global Blockchain adoption drive, which comprised of it being the first University globally to offer a Masters’ degree in Digital Currencies, as well as, accept Bitcoin as payment for tuition fees, was also the first globally to develop a product which enabled it to issue academic certificates on the Blockchain. The motivation behind this was to enable anyone independently and remotely, without the need of any intermediaries to validate the authenticity of any issued certificate.

Block.co as a start-up company, that was spinned-off by UNIC, has successfully completed its seed round of funding. It carries a team with a blend of skills consisting of Blockchain engineers, academics, and field experts to accommodate all technical and other requirements of any entity, wishing to register any type of credentials on the Blockchain.