Skip to main content

Transparency-hungry Turkey eyes blockchain

The Turkish Informatics Foundation has launched a platform to promote and support the development of blockchain technologies for use in everything from banking and law to public opinion polls and elections.
Read in 

“The printing revolution filled the knowledge gap; the industrial revolution filled the power gap; the internet revolution filled the distance gap and the blockchain revolution will fill the confidence gap,” writes Turkish economist Erkin Sahinoz.

Blockchain, which emerged in 2008, is a highly secure, independent and reliable technology. It initially served as the basis of cryptocurrencies such as bitcoin and was often confused with them, affecting investor confidence when cryptocurrencies have collapsed. Since then, however, its reliability has prompted questioning of the existing monetary system, controlled by central banks, and even states that are unwelcoming to cryptocurrencies have come to look for ways to benefit from blockchain technology.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.