Blockchain technology is being used in different sectors at an increasing rate. In parallel, indirect or direct regulation studies on blockchain technology are accelerating in 2023. A legal transformation triggered by blockchain is taking place in many different areas, from crypto-asset markets to electronic trading documents, from decentralized autonomous organizations to central bank digital currencies.
Sep 22 2023
The increase in digitalization and hygiene concerns with the COVID-19 pandemic has resulted in many people avoiding cash and moving their financial transactions to the digital environment. The transaction volume of digital branches of banks and other financial institutions has increased significantly. Simultaneously, the proliferation of disruptive technologies such as blockchain led to significant transformations in financial services. The blockchain's decentralized, immutable, and pseudonymous nature has allowed for some groundbreaking changes in payments. At this point, cryptocurrencies were followed by stable coins and central bank digital currencies (CBDC).
Sep 14 2023
First, with the entrance of cryptocurrencies and other crypto assets into our lives, the issues of “what” the assets owned by individuals and “what rights” they have on these began to come to the fore. Payments with cryptocurrencies, usage of NFTs as collateral, and transactions with stablecoins... With these, the use of crypto assets in business and trade life has increased.
Aug 28 2023
The new agenda of the last period in the field of digital security has been “transaction signing”. In the digitalization process, which started with an electronic signature and continued with remote identification processes, a brand new door is now opening for users.
July 18 2023
Web 3.0 technologies, namely artificial intelligence, blockchain, the Internet of Things, and big data applications have transformed many sectors by offering new business and investment opportunities. Traditional services have begun to move to decentralized structures. While the development and diffusion of these technologies offer options to individuals and institutions, on the other hand, legal uncertainties stand as an obstacle to the widespread adoption of these technologies and their full benefits.
June 20 2023
As an immutable, transparent, and reliable electronic database Blockchain allows transactions in many different sectors to be carried out quickly, efficiently, and automatically. Undoubtedly, smart contracts running on the blockchain have a significant role in this. With smart contracts, transactions such as cross-border fundraising, digital rights management, syndicated loans, NFT trading, or trade finance can be completed more quickly, at less cost, without human intervention.
June 09 2023
Nick Szabo first used the term “smart contract” in the early 1990s. This concept is experiencing its golden age after the development of the Ethereum blockchain. Smart contracts are used in many sectors conducive to digitization, from NFTs to supply chains, from intellectual property management to trade finance. They have begun to take on the role of an essential tool in terms of establishing and conducting legal relations between individuals and institutions.
June 01 2023
Being the CEO of a company is the highest point an employee can reach in the competitive world of the private sector. The abbreviation "Chief Executive Officer" is actually translated into Turkish as "chief executive" as the most important decision mak
May 21 2023
STOs (Security Token Offering) is one of the fundraising processes carried out by smart contracts, just like ICOs (initial coin offering). It is an alternative financing tool for companies to raise capital and investors to invest more safely and transparently. Within the scope of STOs, funds are collected for projects by issuing tokens to investors.
May 21 2023
Smart contracts are used in crowdfunding and similar financing projects to raise funds. Thanks to the self-execution and immutability features of smart contracts, it is possible to automate the fundraising process and manage the processes between the investor and the project owners more quickly and efficiently.
May 09 2023
Financial transactions, by their very nature, bring risks for both customers and organizations. This is why it is very important to conduct risk analysis in transactions for new generation financial instruments in addition to credit and financing, factoring or leasing processes. So much so that there are many societal threats, from money laundering to terrorist financing, among the risks mentioned.
May 02 2023
Smart contracts are software codes that can execute any command that can be digitized. They enable many transactions, from automating supply chains to insurance payments, from NFT sales to syndicated loans, to be carried out quickly, with less expense, and without the necessity of intermediaries.
April 28 2023
Smart contracts are blockchain-based computer programs that eliminate the need for traditional intermediaries. They ensure that if specific conditions are met, then specific actions are taken automatically. Since smart contracts are based on automation, the parties to the transaction do not need to know and trust each other personally.
April 17 2023
Financial Crimes Investigation Board (MASAK) made a new regulation change in the first days of April 2023. With the amendment, legal entities registered in the commercial registry have been added to the scope of remote identification applications, which were previously only available to real persons.
April 11 2023
Smart contracts are contracts that are encoded and stored in the blockchain. Smart contracts enable all parties to instantly confirm the result by automating the execution without the need for intermediaries of agreements. Here, what makes these contracts, which are closed to change and irrevocable,
April 05 2023
One of the first applications that come to mind when blockchain is mentioned is undoubtedly "smart contracts". Generally, all legal experts, other social scientists, and people who focus on the technical side prefer the term: "smart contract",
March 30 2023
The technology surrounding our lives has brought with it many new concepts that people did not know in previous periods. The concept of “log in” is one of them.
March 24 2023
With blockchain technology, many new concepts came into our lives: cryptocurrency, token, NFT (non-fungible token), CBDC (Central Bank Digital Currency), and DAO (decentralized autonomous organization) are just a few of these concepts...
March 14 2023
Thanks to mobile applications and developing technology, there is no longer any need to deal with problems such as waiting at the branch or taking a queue for banking services. All users can perform money transfer or investment transactions through the applications at their homes, workplaces and even during their travels
March 09 2023
Blockchain has many different use cases far beyond cryptocurrency investments and trading. We witnessed one of them in the aftermath of the February 6 earthquakes: using cryptocurrencies to help people affected by disasters. A similar example was also seen in the charities to Ukraine last year: over $60 million worth of cryptocurrencies from all over the world were donated to Ukraine.
March 01 2023
Electricity, water or natural gas subscription processes can sometimes be troublesome for landlords and new tenants. The collection of documents, appointments from the authorized institution and, most importantly, longer waiting times can force applicants.
February 23 2023
Turkey has made significant progress in the long-term digital transformation process. Today, almost all citizenship services can be offered, especially through e-Government and connected applications. With these applications, it is possible to reach official records related to population directorates, Social Security Institution, Tax and Judicial transactions.
February 16 2023
The NFT frenzy we have witnessed in the last two years has attracted significant interest from various segments. A large market has emerged where digital art, games, sports cards, music, and many other digital contents are sold by tokenization. NFT dapps were among the best-performing apps in the crypto winter we experienced in 2022.
February 15 2023
The fascinating development process that started with the Industrial Revolution started a historical journey from analog to digital, from digital to artificial intelligence. This process continues rapidly today. It is also possible to say that the Web 3.0 era is rapidly evolving into a robotic era. Now humanity can do all their work digitally. Moreover, these processes involve the use and development of human-specific elements.
February 03 2023
Today, the most valuable assets are no longer just those with physical assets such as housing, land, and artwork. Virtual assets that came into our lives with digitalization have become so widespread and appreciated that, all around the world, a new category under the name of "digital assets" is needed. Regulation studies have already begun on this issue. Undoubtedly, crypto assets such as tokens, crypto money, and NFT, which have a place in our lives with the blockchain, take an essential role in the emergence of these ideas.
February 03 2023
In early 2021, NFTs walked into our lives at an unprecedented pace and gained a significant market share. It is a fact that NFTs have not yet reached an audience as widely as cryptocurrencies. Many people are interested in NFTs, as well as many who described them as a bubble. Furthermore, NFT sales have fallen like a stick significantly during the so-called "crypto winter" of 2022. The FTX scandal remained on the agenda for months and might have caused confidence in Web 3.0 technologies to be shaken a little. However, the interest in NFTs has never decreased.
January 30 2023
Let's take a closer look at NFTs, which have been in our lives since 2014 and have become popular all over the world as of 2021, reaching high sales figures:NFT, a non-exchangeable token, i.e. a crypto asset, needs to be kept separate from the underlying content of NFT. This content can be digital files such as pictures, music, videos, or it can be physical assets in the real world. It is possible to convert a painting, sculpture or even houses or buildings to NFT.
January 20 2023
There are different transition points in sectors for international organizations, medium-sized businesses or small enterprises. Regardless of the size of the industry, the only constant issue for companies is to ensure transaction, data security and customer trust. Because customer trust means more profit. Research shows that customers prefer reliable brands and companies more. So, what needs to be done to ensure security?
January 18 2023
Tokenization, one of the essential building stones of the blockchain ecosystem, enables the creation of new business models in many existing sectors. Tokens and tokenization have the potential to make a big difference in many industries, from art to logistics, from real estate to insurance. By diversifying investment vehicles, tokenization allows investors to expand their portfolios by adding new assets
January 11 2023
One of the most important parts of the new generation marketing approach is customer service, which is carried out effectively. The increase in product options and the understanding that customer behavior is one of the most critical factors in sales has led all businesses to improve customer service. Today, from the smallest enterprises to the most comprehensive companies, all businesses continue their pre-sales and after-sales marketing processes with mobile customer services.
January 06 2023
With the introduction and widespread use of blockchain when we say digital assets, a great variety of assets such as tokens, stablecoins, and central bank digital currencies (CBDC) are coming into mind. Many companies have become in search of new business and growth opportunities in the face of these developments in digital assets. On the other hand, the rapid participation of digital assets into business life without an absolute legal basis has caused new risks for consumers, investors, and financial systems.
December 26 2022
Identification and authentication processes are the most effective way to provide security in almost all transactions. Identification is an element that protects both business processes, businesses and customers when purchasing a product, bank transactions, money transfers and even when receiving products by courier.
December 22 2022
In the financial systems we are used to, the intermediation of banks and financial institutions is needed to hold money, borrow capital, earn interest and perform other financial transactions. Banks and financial institutions can freeze assets; working hours and cash reserves are determined. They have power over their clients' funds. This traditional order is characterized as “centralized finance” (CeFi- centralized finance).
December 20 2022
Hayatımızın büyük bir kısmını online uygulamalar oluşturuyor. Akıllı cihazlar bu uygulamaları gittiğimiz her yere götürebilmemize de olanak tanıyor. Kamunun resmi işlemlerinden, belge imzalama süreçlerine, oyunlardan alışveriş uygulamalarına kadar her bir platforma giriş ise güvenlik nedeniyle
December 12 2022
Identity has been perhaps one of the most critical elements of a functioning society and economy. The notion of identity also moved into digital along with digitalization. People had to define themselves in digital environments to be able to make transactions in digital environments, to be a part of social media, to register and apply for digital services – briefly,
December 07, 2022
In order to understand the blockchain, think about its potential and determine the sociological, legal and economic steps to be taken, it is necessary to have knowledge about the basis of technology. Let's look at the key elements of blockchain technology in its simplest form:
December 01, 2022
Blockchain technology has become a technological infrastructure far beyond the realization of crypto money transfers since 2008 when it entered our lives –about 14 years ago. Blockchain technology is the basis of the app
November 24, 2022
Using electronic signature speeds up transactions, makes things more practical, and is it always that fast and practical to integrate the infrastructure to be used in applications? In some infrastructures, months of integration work may be required to bring electronic signature feature to applications. That's writing pages of code, chock-full of bugs.
November 22, 2022
The Internet is no longer the Internet that was in the days when it first appeared and spread. In the early 1990s, we met with an internet experience called “read-only” (“Web 1.0”). There was a static network structure. We had been using the Internet only to get information. Then, through the introduction of soc
November 15, 2022
Satoshi Nakamoto, who introduced the Bitcoin cryptocurrency into our lives, described the possibility of people sending money to each other without the need for any intermediary in the article titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. Nakamoto, who we still do not know who he is today, is in the conclusion part of this article,
November 07, 2022
KYC covers methods used primarily to provide security and increase service efficiency in digital and traditional business processes. Who is the current or prospective customer?
November 04, 2022
Healthcare access is a primary global concern. Digitalization processes give people who use services and those who provide services many options. With digital transformation, you no longer have to wait in line to make an appointment, take minutes to write a prescription, or wait hours to get test results. This is because digital applications have been around for a while and are accessible at public healthcare facilities and pharmacies.
October 21, 2022
One of the most significant conveniences of modern times is the ability to do financial transactions using mobile devices rather than visiting a physical location. Mobile banking has made opening accounts at new financial institutions a breeze. As a result of how far online banking has progressed, you no longer have to visit a physical bank or waste time looking for an open branch. The technologies also cut the workload of bank personnel in half. Since the elimination of unnecessary paperwork and communication traffic, the quality of banking services has dramatically improved. So, how is this completed safely and securely, safeguarding sensitive information from both banks and their customers? Let us go to the point and answer your question: Secured Remote Authentication!
October 06, 2022
Acquiring consumers from afar allows you to reach a potentially infinite number of people. It now takes only a few minutes to open a bank account, log in to an app, or digitally sign a contract using just your face as a form of identification, even when at sea, thanks to the prevalence of modern biometric authentication methods. In this article, we'll tell you a short story about how remote customer acquisition works. Let's take a closer look at what customers and businesses experience and what they gain from these processes.
September 28, 2022
Did you know that a Turkish ID card can be used to prove who you are and sign contracts? With the help of technologies meant to make people's lives easier and more comfortable, it is easy to verify a signature or an identity.
July 22, 2022
Nowadays, many organizations, both private and public, provide their services online. The resulting streamlined process benefits both the business and its consumers. However, confirming the data's and the user's identity while maintaining security becomes a pressing concern in distant transactions. Remote identification and authentication can help avoid problems like impersonation fraud and stolen identities. Do you know what benefits remote identification and authentication will bring to your company's practices? Let's take a closer look at the positive aspects of remote identification and authentication procedures for companies.
June 23, 2022
Today, it is possible to perform many transactions without the need for face-to-face communication. Completing remote shopping, money transfers, insurance activities and many other transactions remotely greatly facilitates the work of users. However, in remote transactions, identifying and verifying the identity of the person making the transaction is an important issue in terms of security. So, why are remote identification and authentication processes so important? Let's take a look.
May 16, 2022
