“If proper legislative moves are taken with the view to support technological development instead of imposing high taxes, then Turkey can become a technological hub” says Ebru Guven, co-founder of the platform Istanbul Blockchain Women
Work by a growing number of entrepreneurs and developers aside, financial institutions were the first to dip their feet in. Now academia, public institutions and consulting firms have begun dedicating resources to researching blockchain’s various use-cases.
“Having said that, there is a significant growth in the attention towards understanding the basics of the technology and trying to discover the ways to implement it in business models,” she says., Dr Bora Erdamar told TRT World that educating people on the potential of the technology beyond the realm of cryptocurrencies is essential for the space to evolve.
Operating as part-incubation-part-consultancy, the research centre offers education and training services including an innovativeHe believes that Turkey’s young and tech-savvy population can provide the country with a competitive edge in the global blockchain race. Many who graduate from the centre bring their expertise to banks or start their own tech companies, forming their own blockchain study groups in corresponding institutes and firms.
The centre also broadcasts content online, with open lecture series on Crypto Economics and ‘Fintech for Everyone’ on its YouTube channel, and interactive sessions on Clubhouse discussing topics like Bitcoin and Decentralised Finance . “We see tremendous potential,” Usta declares. “Business models will need to be rethought and redesigned in many areas, especially in finance and international trade.
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