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Collaboration Agreement Between BlockchainIST and AVA
A collaboration agreement has been signed between BlockchainIST, Türkiye's first and only YÖK-approved Blockchain Research and Application Center, and AVA.
Blockchain technology, introduced in October 2008 and described as a peer-to-peer network and a secure way of sharing data, is called the technology and power of the future. In recent years, Türkiye has also begun to take important steps in blockchain, which made its name known especially through the Bitcoin application, recognized as a virtual currency system. In this context, a collaboration agreement has been signed between BlockchainIST, Türkiye's first and only YÖK-approved Blockchain Research and Application Center, and AVA.
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The ceremony was attended by Chair of the BAU Board of Trustees Enver Yücel, University President Prof. Dr. Şirin Karadeniz, finance companies, blockchain investors, and academics and students from various universities. At the signing ceremony, the CEO of AVA, a platform developed for decentralized applications and valuable assets that aims to solve fundamental problems in the financial ecosystem and decentralized platforms, world-renowned computer scientist Prof. Dr. Emin Gün Sirer, made important statements.
"WE WILL MAKE FASTER PROGRESS IN BLOCKCHAIN PROJECTS"
Assist. Prof. Dr. Bora Erdamar, Director of BlockchainIST Center, the BAU Blockchain Research and Application Center, said: "Since Bitcoin and Ethereum, blockchain technology has had a number of problems such as slowness and scalability. The AVA platform actually eliminates all of these and offers us a very fast, easy-to-use and scalable innovation service that enables all these blockchain projects to be implemented quickly. After this collaboration, we as Türkiye plan to implement all these projects quickly. We will ensure the integration of all projects that emerge within our center, as well as the blockchain projects of companies we provide consultancy to in Türkiye, with the technical infrastructure of the AVA project. This will enable all those projects to be carried out faster and with high performance and to be implemented very quickly. In this sense, as a center, we will also do our best to spread the AVA project and increase its areas of use around the world."
TÜRKİYE IS TAKING IMPORTANT STEPS FOR BLOCKCHAIN TECHNOLOGY
Also commenting on the development of blockchain technology in Türkiye, Assist. Prof. Dr. Bora Erdamar said: "This technology is actually advancing very quickly in Türkiye. One of the most important sources of slowness here is that central institutions are sometimes slow and very cautious about supporting decentralized technologies. Fortunately, compared to two years ago, steps have now begun to be taken in Türkiye to develop blockchain technologies, which have been included in the development plans of many ministries. The Presidency's annual report also includes plans that greatly open the way for blockchain, such as the implementation of a Central Bank-backed digital currency project. In this sense, the infrastructure of projects is being established quickly enough to make us much more competitive by world standards and to enable Türkiye to export the products developed here to the world. I think that as legal structures are put in place, as regulatory issues gain momentum, and as we support these developed regulations and Türkiye's entire legal structure with experts and projects, Türkiye will be able to become a pioneering country in this sense."
"ALL CURRENCIES WILL BE DIGITAL WITHIN 10 YEARS"
Emphasizing that Türkiye can make further progress in blockchain because of its large young population and interest in technology, Prof. Dr. Emin Süer said: "In this sense, as students are trained, there will be a tremendous awakening for the new lines of business to be established in Türkiye." Stating that he has become even more hopeful as he hears about recent plans for blockchain in Türkiye, and that the Central Bank's goal of issuing a digital currency is very important in this sense, Emin Süer said: "I have no doubt that all currencies will switch to digital currency within the next 10 years. If it is done correctly, I have not the slightest doubt that it will be successful. But if we do not develop this ourselves, then we will have to be subject to other people's systems. Just as we are dependent on Facebook today because we do not have our own social network, and on Google because we do not have our own search engine, tomorrow we may have to join a system offered to us by another blockchain company that records and controls us, and that would be very, very bad. If the Central Bank plays its cards well and shows leadership in this field, it is quite possible and easy for us to do what other countries in the world have not been able to do."
Meanwhile, within the scope of the collaboration between AVA and BlockchainIST, which is part of Bahçeşehir University and was established to introduce students to blockchain, one of the new-generation technologies, it is planned that master's students' theses will be turned into applications on the AVA platform and that the projects of students who graduated from the Blockchain School supported by the Istanbul Development Agency will also be transferred to the AVA platform. It is anticipated that these projects will help the spread and use of the AVA platform, and that AVA platform developers will also support these projects.
