Blockchain-Based Projects Being Made With BlockchainIST Center & Ava Labs Partnership

BlockchainIST Center have just partnered up with Ava Labs before the launch of its mainnet. The partnership between the two has been made to design products based on the blockchain for day to day use.

Blockchain use

The Turkey-based university blockchain centre has teamed up with Cornell University’s Ava Labs to assist in the development of DeFi products which are to be on the Ava Platform. The press event took place earlier this week on Monday in İstanbul at Bahcesehir University.

The founder and director of BlockchainIST, Bora Erdamar has said that the postgraduates of the university needed a robust consensus in order to develop DeFi as well as other products based on the blockchain. This makes the Ava platform the best for them:

"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."

Emin Gün Sirer, the founder of Ava labs spoke at the press event where he highlighted the booming potential of young tech entrepreneurs in the nation.

"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."

It will be interesting to see how this partnership plays out. For more news on this and other crypto updates, keep it with CryptoDaily!