Akbank Has Shared Its New Generation Blockchain-Based Innovations and Solutions at the Avalanche Summit II

Akbank has shared its new generation blockchain-based innovations and solutions at the Avalanche Summit II. The press release issued by the company is as follows:

Akbank has shared its new generation blockchain-based innovations and solutions at the Avalanche Summit II held in Barcelona and sponsored by it with the participation of many blockchain-based specialized developers and communities from different areas around the world. Akbank has shared its new generation products and services intended for the financial sector, particularly the Web3, blockchain and restorative finance, with the global participants at the Avalanche Summit II sponsored by it to support the technologies of the future. Burcu Küçükünal, Head of Digital Design and Innovations Department at Akbank, attended the "Adaptation of Corporations from Web2 to Web3" panel at the summit held in Barcelona on May 3-5, 2023 and said: "As Akbank Lab Innovation Center, we closely up innovative ideas, new generation trends and technologies. Web3 is one of the most excited areas for us. As Akbank, we believe in the power of innovations for a sustainable future and in this regard, we implement innovations that add value to both our clients and our world. We embarked upon a journey in this field with the Akbank Refi Hackathon last year and created concrete projects in the field of restorative finance with the support of blockchain developers. At this point, we consider that the Web3 community is in a very critical position in terms of both social impacts and financial services, and we view that this community requires banks and financial systems to develop, spread and make more successful scalable projects. We aim to generate joint projects from now on by including interoperability into our business development processes. As Akbank, we have been investing in the blockchain-based technologies in the field of finance for many years. At this point, our priority is to bring the advantages of these technologies to the ecosystem in the safest way and at the right time. In this way, we exert a significant effort to support the ecosystem with the proof-of-concept projects so that the innovations created can overcome the difficulties that they encounter in the process of implementation. We launch innovative works on the global scale to ensure end-to-end flexibility, speed and trust that technology can offer to human life, and we assume roles and missions on international platforms for this purpose. In this way, we are able to implement innovative technologies such as restorative finance that benefit both the economy, people and the nature. In this regard, we are happy to share our works that will set an example not only for the financial sector but also for the entire business world, at the Avalanche Summit II sponsored by us proudly, and to become the first project partner that comes to the mind of developers creating new technologies". Avalanche Summit II took place for the second time this year, and many speakers and companies participated in the event. More than 300 speakers from all around the world shared their ideas and applications that will shape the future in more than 125 different sessions. In the event that was participated by over 4.000 participants; new generation technologies regarding Web3 were discussed.