Sun, December 04, 2022

Crypto and Blockchain Projects

Blockchain and property ownership

Blockchain projects are becoming more popular as thanks to this technology; life will become easier for millions of Turkish citizens. One city in Turkey plans to use Crypto and Blockchain solutions for public services.

The city of Konya is home to 2.4 million people; it is one of the biggest cities in Turkey. It won’t be hard to find people who are interested in crypto projects. This city is an ideal place to test new technologies as more than ten different smart city projects. According to the information provided by the Konya Chamber of Commerce, the city has more than ten different smart city projects.

For example, residents have the opportunity to use contactless credit cards in public transportation. Another useful project is a smartphone app to cover e-municipality functions.

Turkey and crypto projects

Crypto market news

Turkey is actively developing crypto and blockchain projects. Several months ago, the Turkish government announced plans to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration.

Moreover, the country plans to unveil a Digital lira in 2020. Based on the information, the government should finish testing the national central bank digital currency (CBDC) in 2020.

Turkey’s central bank plans to issue the national blockchain-based digital lira in accordance with the 2020 Annual Presidential Program.

Turkish Takasbank launched the BiGa Digital Gold platform. The purpose of this platform is to provide a blockchain-based gold transfer system for the banking industry.

Many global crypto exchanges are monitoring the situation in the country, and some of them already entered the Turkish market.

Huobi became the first one to offer its services, followed by Binance. Huobi made another decision to strengthen its position on the local market. It partnered with the Blockchain Turkey Platform.

Turkey has the potential to become a regional leader when it comes to cryptocurrencies and blockchain.

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