AvaLabs & Turkey’s BlockchainIST Center to Build Products for Everyday Use January 9, 2020 January 9, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 9, 2020 by Kelly Cromley

AvaLabs & Turkey’s BlockchainIST Center to Build Products for Everyday Use

Ava Labs, just before launching its mainnet, has collaborated with BlockchainIST Center in Turkey to develop blockchain technology based products for everyday use.

BlockchainIST, the country’s first university blockchain center, has collaborated with Cornell University’s Emin Gün Sirer’s Ava Labs to build DeFi products on the Ava Platform.

The information was shared with the press at Bahcesehir University in İstanbul, Turkey.

BlockchainIST Founder and Director Bora Erdamar stated that Bahçeşehir University postgraduates and Istanbul Blockchain School students required robust consensus architecture to build DeFi and other blockchain based tools, and Ava Platform is most ideal for the objective.

“Our partnership with Ava Labs enables us to develop projects like CertifyIST at a faster pace, and to create and support a robust environment where people can use these products as part of their daily life.”

BlockchainIST disclosed numerous blockchain ventures during the press meeting. One among them was CertifyIST, “an open-source blockchain infrastructure for issuing, verifying, and sharing documents of achievements such as school degrees.” Ava Labs’ platform provides a quicker, easily accessible and scalable path to finish blockchain powered ventures, Erdamar said.

Ava Labs Founder Emin Gün Sirer pointed out that Turkey’s young and tech sagacious population offers the nation a competitive advantage in the worldwide blockchain competition.

“The recent announcement of a digital lira is a critical step. I have no doubts that all money will become digital in the next ten years. So, if the central bank plays its cards right, Turkey has no obstacles to becoming a global pioneer in the digitization of money.”

After amassing $6 million from top investors such as Andreessen Horowitz, MetaStable and Polychain, Sirer’s group unveiled a testnet for the Ava platform in May 2019. Ava mainnet is expected to be rolled out in 2020, as per Sirer.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.