President Erdoğan Speaks at Blockchain Istanbul Program

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President Recep Tayyip Erdoğan attended the Blockchain Istanbul Program held at Istanbul University Ord. Prof. Dr. Cemil Bilsel Conference Hall. Speaking here, President Erdoğan wished that the Blockchain Istanbul event organized in such a sensitive period would be beneficial for the country and the technology sector.

President Erdoğan said that the developments in the field of cryptocurrency made blockchain technology popular among the public. Stating that the decentralized recording and assurance possibilities provided by this technology, which has made great progress in the last 10 years, have the potential to radically change the existing commercial system, President Erdoğan said that alternative business methods, which are expressed by concepts that are newly developing in this field and which the ears have not yet become accustomed to, have started to enter life more and more. "Digital assets are the fuel of technology and blockchain is the vehicle of technology." Stating that a new phase was entered in the process with the securing of digital content and intellectual property assessments through blockchain technology, President Erdoğan continued as follows: "If we express it with an analogy, digital assets are the fuel of technology, and blockchain is the vehicle of technology. The main issue and feature of this technology that makes the wide range of activities ranging from food supply chains to banks, from logistics transactions to works of art attractive is its ability for fast, efficient, secure and low-cost transactions. It is clear that we cannot ignore such potential as we prepare for the Hundred Years of Turkey. We want to be the country that uses this tool rather than the one that puts fuel in the digital asset tank. Instead of trying to take part in the virtual universes opened by others, we seek to establish our own universe. In this field, our goal is to become a designer, producer, producer, director, and a follower rather than a consumer."

President Erdoğan said that the developments in the field of cryptocurrency made blockchain technology popular among the public. Stating that the decentralized recording and assurance possibilities provided by this technology, which has made great progress in the last 10 years, have the potential to radically change the existing commercial system, President Erdoğan said that alternative business methods, which are expressed by concepts that are newly developing in this field and which the ears have not yet become accustomed to, have started to enter life more and more. "Digital assets are the fuel of technology and blockchain is the vehicle of technology." Stating that a new phase was entered in the process with the securing of digital content and intellectual property assessments through blockchain technology, President Erdoğan continued as follows: "If we express it with an analogy, digital assets are the fuel of technology, and blockchain is the vehicle of technology. The main issue and feature of this technology that makes the wide range of activities ranging from food supply chains to banks, from logistics transactions to works of art attractive is its ability for fast, efficient, secure and low-cost transactions. It is clear that we cannot ignore such potential as we prepare for the Hundred Years of Turkey. We want to be the country that uses this tool rather than the one that puts fuel in the digital asset tank. Instead of trying to take part in the virtual universes opened by others, we seek to establish our own universe. In this field, our goal is to become a designer, producer, producer, director, and a follower rather than a consumer."

"It is our duty to make preparations that will put Turkey ahead of the curve in this field as in other matters." Foreseeing these days, President Erdoğan stated that they assigned the National Electronics and Cryptology Research Institute within TÜBİTAK for blockchain technology studies and continued his words as follows: "The first laboratory of our country in this field was established there in 2016. A study on cryptocurrency is being carried out within our Central Bank. Other ministries are also closely following this technology in their areas of responsibility. We are also closely monitoring the activities of our private sector in the field of blockchain technology. In the coming period, we will continue to implement new projects that will contribute to our country in this field with our public institutions, universities and the private sector.

Our aim with this event is to discuss all administrative, technical and strategic aspects of blockchain technology in a way that will shed light on our business sectors. We cannot evaluate the opportunities and threats without knowing the opportunity we have in every dimension, and therefore we cannot take healthy steps towards creating the necessary infrastructure and making the necessary regulations. As the concept of the cyber world expands into cyberspace, it is our duty to make preparations that will put Turkey ahead of the curve in this field as in other issues." President Erdoğan said, "I advise our young people to take part in the development of innovations such as blockchain technology, instead of turning to cryptocurrency gambling, which has no basis whatsoever."

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