Turkey Launches Blockchain Innovation Center

Turkey launches Blockchain Innovation Center that is aiming to “close the expertise gap” in order for the country to begin utilizing the technology across a number of sectors.

8 August, AtoZ Markets – Local news outlets in Turkey report the inauguration of Turkey’s first Blockchain University, called the Istanbul Blockchain and Innovation Center (BlockchainIST Center).

Turkey Launches Blockchain Innovation Center

According to the local news, the center is intended to “close the expertise gap” in order for the country to begin utilizing the technology across a number of sectors. The hub, which is located at Bahcesehir University, will facilitate academic studies by students and entrepreneurs. It plans to expand its reach and gain a reputation of the international Blockchain ecosystem hub.

Bora Erdamar, the director of the new center, has been quoted as saying:

“The purpose of the BlockchainIST project is to be the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies. To this end, it is crucial to cooperate with other universities, the business world, and government institutions.”

Erdamar has highlighted the importance of Turkish digitalization and noted the opportunity for the nation “to lead this business [of blockchain development] with such a center.” He has also stated :

“We will strive to train Turkey’s human resources in blockchain and enable the country to lead the world in this area.”

As per the news reports, he believes that this initiative has the potential to revolutionize global society. 

Blockchain Education

BlockchainIST Center will provide undergraduates with the opportunity to learn about Blockchain technology. Aside from this, it will also offer a FinTech master’s program and the course for graduate level connected to Blockchain and crypto economics. 

Moreover, the center will provide both undergraduate and graduate students with the chance to design, research and assess their own Blockchain applications. 

In fact, education regarding Blockchain technology is something that has gained a lot of popularity and attention recently. Earlier this July, online news outlets reported that IBM and Columbia University have collaborated in order to create the Columbia-IBM Center for Blockchain and Data Transparency.

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