Block chain speed in international trade!
The issue of “trade with block chain”, which the EU Parliament accepts as its foreign trade policy, is also on the agenda of the Turkish business world. Block chain Turkey Platform announced its work titled “Block Chain for Supply Chains and International Trade Chain”. The non-profit Block chain Turkey Platform, established as an initiative under the roof of the Turkish Informatics Foundation (TBV), evaluated the EU’s block chain applications in international trade and opportunities for Turkey at the meeting. Turkish Informatics Foundation President Faruk Eczacıbaşı said that: “Block chain technology comes to the fore mostly with cryptocurrencies, but its power of influence is far beyond that. Above all, it requires us to rethink and shape our business models.” Explaining the work of the Block chain Turkey Platform Production, Logistics and Transportation Working Group, Block chain Turkey Platform Executive Board member Murat Alsan emphasized that international trade is on the verge of a revolutionary technological transformation. According to the report, 45 countries are currently working on block chain developments on both the business and technology side. The World Trade Organization, OECD, World Customs Organization are also doing these studies, but the EU is at a very advanced level.