Istanbul Blockchain And Innovation Center Established At BAU

Nation’s first university-level blockchain center built by Turkey, expecting to close the blockchain expertise gap and guarantee the wide development of the technology.

The Istanbul Blockchain and Innovation Center (BlockchainIST Center) was initiated at Bahçeşehir University (BAU). The center’s director Bora Erdamar said that BlockchainIST, in which scientific studies and publications are made in blockchain technology, is set to be the most vital center of research and development in Turkey.

Erdamar said that Turkey may have an opportunity to become the leading country in technology that will “transform humankind.” He underlined the significance of collaboration with other education foundations, organizations, and government institutions keeping in mind the end goal to conduct proper blockchain research and examine conceivable use cases.

In the interim, different universities around the globe have just grasped the advantages of distributed ledger technology, offering blockchain, smart contracts, and cryptocurrency related courses.

This year itself, Stanford University established the Center for Blockchain Research, upheld to some degree by the Ethereum Foundation, and significant Brazilian Unie Fundação Getúlio Vargas began offering the nation’s first Master’s degree in crypto-finance. Ripple likewise gave $50 million to 17 colleges globally to help education in blockchain and crypto.

BlockchainIST’s director wanted Turkey to be digitalized and put in extraordinary endeavors to keep pace with rest of the world in technological transformation. But, Turkish authorities exhibited vague steps towards the crypto business.

As reported by Cointelegraph, the nation’s government took an unforgiving step on Bitcoin (BTC), when the officials of the state Directorate of Religious Affairs said that BTC is “not perfect” with Islam. However, in February of the current year, deputy chair of Turkey’s Nationalist Movement Party proposed directions for the market. It was also mentioned that there is the possibility of a national digital currency, called the Turkcoin.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Vincy is a believer in technology. She produces updates on digital currency and covers the development of blockchain technology. She reaches her audiences with unique and captivating content. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy the website.

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