Blockchain, the ultimate Turkish tool? – The Turkey is one of the countries where the population is very cryptophile. Turkish households have been facing double-digit inflation for several years and have been plagued by rising devaluations in rates, without any concrete improvement in purchasing power. Turks are very fond of Bitcoin and cryptocurrencies which have become, in recent years, very democratized means of payment. Turkish President, Recep Tayyip Erdogan, has just unveiled a national project. It would allow the blockchain to make Turks into “e-humans”.
The blockchain as a revolutionary tool
Turkey is struggling to emerge from a monetary crisis that affects the entire economy. the Erdogan’s speech on cryptos has hardened recentlywith the fear in mind that these alternative means of exchange of value will further weaken monetary institutions and their hold on the economy.
The Istanbul University of Kadir estimates that approximately 10 million Turkish citizens have already purchased cryptos at least once. If the narrative “Bitcoin is inflation protection” took a hit in the West, Professor Ismail Polat attributes the local success of cryptos to this seeking protection against the melting of the Turkish lira.
Behind its name worthy of a science fiction film, the project of“e-humans” promises to be the digital base of the Turkish economy of tomorrow. Eventually, a wide range of services, both private and public, will be attached to it. The stated official ambition is to promote employment and support citizens.
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Boosting the Labor Market with Blockchain in Turkey
Despite the regulatory brakes put on crypto adoption, the government and public institutions continue to dig into the subject, to explore the possibilities. Indeed, the blockchain has many interesting features and can improve certain current processes… and this, although the “all blockchain” is neither conceivable nor desirable (no need for a toaster on the blockchain).
Students, recent graduates and employees in both the public and private sectors will see a easier access to employment and internships. National blockchain services will also allow training monitoring, diploma authentication, etc. The project “e-human” aims to be a human portal that reads civil society to blockchain.
After announcing its national blockchain infrastructure ambitions a few years ago, the Turkey keep on set up the tools which will make it possible to complete “Strategy 2023”announced in 2019. The automaker TOGG had announced, at the beginning of the year, to work in partnership with the teams of Avalanche (Ava Labs) to work on smart contracts.
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