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 wealthy historical past, attractive mosques, and historic websites. 

But that has not stopped the Anatolian metropolis from establishing its “Science and Technology Valley,” underneath the umbrella 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 monetary ecosystem round it.

Cointelegraph reached out to Dr. Ali Osman Ç?b?kdiken, head of Konya Science and Technology Valley, concerning the progress on the so-called “City Coin” venture. Ç?b?kdiken, who additionally acts as an advisor to a number of blockchain tasks equivalent to TrueFeedBack, stated that the very first thing 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 authorities and different stakeholders to handle the reserve fund for social assist on the blockchain. The metropolis goals to launch a prototype 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. Ç?b?kdiken stated:

“The cryptocurrency we are currently 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 payment 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 sufficient folks 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 completely different good metropolis tasks, from a fee system to make use of contactless bank cards in public transportation, to a smartphone app to cowl e-municipality capabilities. 

They even have an app, known as Mobile Mesnevi, to ship the very best poems from Rumi in numerous languages. The blockchain-based City Coin could also be added sooner or later as a fee technique 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 long ago introduced plans to develop next-gen blockchain tasks on Cornell Professor Emin Gün Sirer’s Ava Platform, Cointelegraph reported.

The constructive developments in Turkey are being observed by international crypto exchanges, who arrange native places of work within the nation. As Cointelegraph reported 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.

Your Opinion Matters

Quality - 10


Total Score

Your feedback is important to us to improve our services. We constantly seek feedback to improve and evolve our service, whilst identifying opportunities to assist clients in realising their business objectives.

User Rating: 4.71 ( 7 votes)

Show More


Earn Free Bitcoin Online with

Related Articles

Leave a Reply

Back to top button