Turkish blockchain media Bfmedia announced that Turkey Business Bank (İşbank) created a partnership with MarcoPolo Protocol on June 3rd and they have become the first Turkish bank engaged in trade finance transactions with blockchain technology. Turkey Business Bank Assistant General Manager Şahismail Şimşek said: "With Blockchain technology, we take our customers to an easier and safer period in foreign trade."

About İşbank

şbank was established in 1924 at the initiative of Mustafa Kemal Atatürk, founder of the Turkish Republic, as the first national bank of Turkey, with a founding mission defined as "contributing to the foundation and development of the country". İşbank serves retail, SMEs, and large corporate customers and provides all kind of banking services with an extensive network and around 24,000 employees through a strategy of achieving sustainable and profitable growth based on being "the bank closest to customers". The bank has the most extensive private distribution network in the country with 1,243 domestic branches and 6,530 ATMs. The share of non-branch channels in total transactions has increased significantly in recent years and reached over 94% by March 2020. The number of the bank's digital(mobile and internet banking) customers, which is continuously increasing, exceeded 8.4 million. İşbank also operates abroad through its 22 foreign branches. As a highly trusted financial institution, İşbank also maintains its pioneering position in foreign trade through its extensive correspondent network of banks based in around 120 countries. Today, creating value for the Turkish economy for almost 100 years, İşbank moves confidently towards the future not only with its numbers and initiatives in technology but also with extensive and socialresponsibility initiatives and sustainability activities.

About MarcoPolo Protocol

MarcoPolo Protocol is an open, fully decentralized, chain-to-chain interoperation protocol that enables the interoperability of multiple independently verifiable consensus blockchains without a relay chain. MarcoPolo Protocol expects to construct a future inter-chain-net, which is interoperable and chain-to-chain based. The ecosystem built on MarcoPolo Protocol can provide a solid infrastructure for finance, AI, IoT, traceability, and governance filed by cross-chain communication, privacy computation, shared storage, etc

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https://www.bfmedia.io/haberler/turkiye-is-bankasindan-blokzincir-ile-od...