Turkish City Developing Crypto And Blockchain Solutions For Public Services

Konya, town of the world-famous poet Rumi, may not come to thoughts when speaking about know-how, particularly blockchain and cryptocurrencies. As one of many main cultural facilities of Turkey, Konya is thought for its moneyed historical past, attractive mosques, and historic websites.

But that has not stopped-up the Anatolian metropolis from establishing its “Science and Technology Valley,” underneath the comprehensive of Konya Science Center, and constructing a crew to use blockchain to municipal companies.

First revealed by Konya Metropolitan Mayor U?ur ?brahim Altay throughout a neighborhood good metropolis congress in Ankara on Jan. 16, this Turkish metropolis is on the lookout for methods to develop a “City Coin” and create a blockchain-based medium of exchange ecosystem round it.

Cointelegraph reached bent Dr. Ali Osman b?kdiken, head of Konya Science and Technology Valley, concerning the progress on the so-called “City Coin” venture. b?kdiken, who additionally acts as an adviser to a number of blockchain tasks equivalent to TrueFeedBack, explicit that the very first affair their crew of seven blockchain builders did was “to look for ways to use blockchain technology for funding social programs.”

The venture will allow the native regime and different stakeholders to handle the reserve account for social assist on the blockchain. The metropolis goals to launch a paradigm inside six months and go stay inside a 12 months. Konya hopes to be a worldwide mannequin for native governments with the City Coin venture. b?kdiken explicit:

“The cryptocurrency we are presently developing will be used in social aid programs, municipal corporations’ activities, public transport, and environmental services. This blockchain-based local ecosystem will serve the Konya citizens. The project will also see the development of a defrayal system to enable crypto in many municipal services.”

Blockchain options for a wise metropolis

As a metropolis with a inhabitants of over 2.four million, Konya has adequate common people to check out blockchain in public companies at a big scale. On prime of that, Konya has an edge relating to good metropolis functions.

According to a detailed report from Konya Chamber of Commerce, town has over 10 entirely different good metropolis tasks, from a fee system to make use of contactless bank card game in public transportation, to a smartphone app to cowl e-municipality capabilities.

They even have an app, legendary as Mobile Mesnevi, to ship the very best poems from Rumi in many languages. The blockchain-based City Coin could also be added yet as a fee proficiency for public companies like shared bikes, good transportation and electrical buses, amongst others.

Turkey at full throttle on blockchain

Following the announcement of a nationwide blockchain infrastructure, Turkey has accelerated its blockchain efforts. The nation set plans for a Digital Lira in 2020 and Turkish Takasbank launched the BiGa Digital Gold platform to supply a blockchain-based gold switch system for the banking business.

BlockchainIST Center, a university-funded middle in Istanbul, not too lang syne introduced plans to develop next-gen blockchain tasks on Cornell Professor Emin G Sirer’s Ava Platform, Cointelegraph reportable.

The constructive developments in Turkey are being discovered by international crypto exchanges, who arrange native places of work inside the nation. As Cointelegraph reportable final 12 months, Huobi was the primary, adopted by Binance. Recently, Huobi joined Blockchain Turkey Platform to cooperate with the native ecosystem on blockchain growth efforts.

Turkish City Developing Crypto And Blockchain Solutions For Public Services

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