One of the major cultural centers of Turkey, Konya has lauch a team to apply blockchain to municipal services. For this, the city of the world-famous poet Rumi, has set up its “Science and Technology Valley,” under the umbrella of Konya Science Center.
The project will enable the local government and other stakeholders to manage the reserve fund for social aid on the blockchain.
The blockchain implemetation plan was reveald by Konya Metropolitan Mayor Uğur İbrahim Altay during a local smart city congress in Ankara on Jan. 16. The city is looking for ways to develop a “City Coin” and create a blockchain-based financial ecosystem around it.
According to Dr. Ali Osman Çıbıkdiken, head of Konya Science and Technology Valley, the first thing their team of seven blockchain developers did was “to look for ways to use blockchain technology for funding social programs.”
The city aims to launch a prototype within six months and go live within a year. Konya hopes to be a global model for local governments with the City Coin project.
“The cryptocurrency we are currently developing will be used in social aid programs, municipal corporations’ activities, public transport, and environmental services. This blockchain-based local ecosystem will serve the Konya citizens,” Çıbıkdiken told.