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Blockchain

Turkey Takes Big Steps With Increasing Blockchain Adoption To Digital Identity

January 2, 2023 - Around 2 mins mins to read

Key Points:

  • Vice President Fuat Oktay describes a new application, which focuses on blockchain technology, as a revolution for e-government.
  • Oktay emphasizes that with digital identity, E-Government will be much more secure.
  • Previously, the first payment transactions on the Digital Turkish Lira Network were successfully completed as part of the first-phase tests.
Blockchain technology, which has applications in various industries, including banking, transportation, finance, and health, has finally found a home in e-government of Turkey. The digital identity application and the previously announced Digital Turkish Lira project were shown this time.
Turkey Takes Big Steps With Increasing Blockchain Adoption To Digital Identity

According to Cointelegraph Turkey, Turkey intends to employ blockchain technology for the online public services login procedure. Turkish individuals will be verified when logging in to E-Devlet, the digital government site used in Turkey to access various public services using a blockchain-based digital identity.

Vice President Fuat Oktay discussed digital identification and wallets at the Digital Turkey 2023 Meeting. Oktay noted that the usage of digital identification would make this new application, which focuses on blockchain technology, a revolution for e-government.

Oktay referred to the blockchain-based application as a revolution for e-government initiatives and added that blockchain would increase the security and usability of online services. The ability for users to keep their digital data on their mobile devices.

Turkey Takes Big Steps With Increasing Blockchain Adoption To Digital Identity

And it isn’t the only application of digital identification. Many actions, including military service, roll call, summons, and dispatch, will be possible with the new system, according to the information provided by Oktay:

“As a result of the work carried out with the Notaries Union of Turkey, services such as e-appointment, declaration of succession, e-detection and registered vehicle inquiry on behalf of the person you are the heir of were also put into practice.”

Not only blockchain, the first payment transactions on the Digital Turkish Lira Network were successfully completed as part of the first-phase tests. Central Bank of Turkey also stated that during 2023, studies on the Digital Turkish Lira‘s economic and legal foundation as well as its technological requirements, will be given top priority.

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Harold

Coincu News

Digital Identity

Digital Turkish Lira

Fuat Oktay

public service

Turkey

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.