Despite all of the bearish momentum that seems to have gripped the crypto market over the past couple of weeks, it has just come to light that the Bahrain Institute of Banking and Finance (BIBF) is all set to launch the nation’s first “Blockchain Academy”.

For those who might not be aware, the BIBF was setup in the early 80’s after being approved by Bahrain’s Specific Council for Vocational Training. The institute is not affiliated to any private organization and acts as a standalone, unregistered non-profit semi-government entity.

By establishing the aforementioned ‘Blockchain Academy’, Bahrain has taken its first steps towards offering its citizens with a ‘professional blockchain qualification program’. In terms of what the training delivers, it has been devised to help participants learn about crypto/blockchain tech and how it all really works.

At this point, it is also worth mentioning that after an applicant successfully completes the program, he/she is presented with an international qualification C|BP (Certified Blockchain Professional) certificate.

The C|BP Certification looks at three core areas of competency when training personnel including:

Lastly, in regards to why the BIBF decided to introduce such a unique course at this time, Dr. Ahmed Al Shaikh, Director of BIBF, stated that the government had taken this step so as to help “support the growing demand for skilled blockchain professionals in Bahrain.”

Shaik’s sentiment was echoed by Ahmed Naeemi, BIBF’s Head of IT, Operations and Project Management, who too mentioned that such initiatives will help various businesses (both large and small) within Bahrain look at blockchain technology in a completely new light and also help increase its adoption rate within the country.

Earlier last month, it was reported widely that the government of Bahrain was promoting the use of Blockchain technology so as to spur the nation’s economy in a positive direction. Talking on the above stated subject, Abdulhussain Mirza, Bahrain’s minister of electricity and water affairs, was quoted as saying:

“Technologies such as blockchain take us a huge step forward in finding a secure way to facilitate transactions.”

As some of our regular readers may recall, Bitfury recently came together with Plekhanov Russian University of Economics in order to foster an accelerator for blockchain startup ventures. In regards to the aforementioned project, the accelerator program will not only help in the development of novel blockchain projects but will also help in “training specialists who are able to create innovative projects using digital technologies within a short period of time.”

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