Turkey Inaugurates First Blockchain University Center

The Istanbul Blockchain and Innovation Center (BlockchainIST Center) has officially been inaugurated at Bahçeşehir University (BAU) and will serve as Turkey’s first university-level blockchain center.

Bora Erdamar
Bora Erdamar

According to the center’s founder Bora Erdamar, BlockchainIST will be “the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies.”

Earlier this year, Stanford University founded the Center for Blockchain Research, as well as Ripple (XRP) contributing $50 million to 17 universities around the world to fund blockchain education in the sector.

In November, lawmakers in Turkey took a negative position regarding bitcoin stating the technology was “not compatible” with Islam.

Nevertheless, deputy chair of Turkey’s Nationalist Movement Party proposed regulations for the market, and mentioned the prospect of a national cryptocurrency, called the TurkCoin.