Last week there was an important event for the blockchain community in Turkey. The Akbank ReFi hackathon started on September 30 with the participation of 19 teams and 80 people. Of course, Enno Wallet was there. This time, we were not a part of the competition, but instead provided mentorship. Our CEO Serkan Bayar attended the event. Along with other mentors, he guided the participants with this knowledge and experience on blockchain and decentralized finance.
What is Akbank ReFi Hackathon?
Who is ready to start the repair process of the world with inclusive and sustainable financial systems? Think of a system that focuses on social and environmental effects. So, who wants in?
Akbank invited all software developers, designers, and developers to produce innovative solutions in restorative finance. Certainly, this invitation gave birth to the Akbank ReFi Hackathon competition, jointly organized by Akbank LAB with Avalanche technology.
The Akbank ReFi Hackathon competition was held at Sabancı Center between September 30 and October 2. In short, the scope and aim were simple: You have to develop an idea from scratch on the Avalanche platform within 48 hours. Then, participants competed in the hackathon and the jury selected the most successful teams.
Enno Wallet previously proved its value and position among blockchain technology-based organizations.
Akbank brought together the brightest minds from the aspiring Web 3 organizations of the Turkish blockchain scene. No doubt that Enno Wallet was there, represented by our CEO Serkan Bayar. Mr. Bayar provided his valuable support to competitors. Most importantly, he helped promising young blockchain actors with his experience.
All Eyes on Enno Wallet
We know for a fact that centralized institutions want to be a part of the Web 3 revolution. That’s why Visa developed an Innovation Program. Likewise, Yapı Kredi and Akbank two of the largest Turkish banks collaborate with Avalanche. These collaborations resulted in Akbank ReFi Hackathon and Yapı Kredi Fast FRWRD Acceleration Program.
It’s obvious that Enno Wallet has the eyes of conventional finance institutions on it. First, Enno Wallet got to be a part of the Visa Innovation Program. Following that, we had the privilege to be a part of the Yapı Kredi Fast FRWRD Acceleration Program. Both these happened before the first anniversary of the release of Enno Wallet.
Last week, we solidified our position in the blockchain industry. Mr. Bayar’s attending as a mentor is proof that Enno Wallet now stands as a model to new generations. Since its launch, Enno Wallet is a pioneer in decentralizing finance. Besides, Mr. Bayar has been embracing this vision for quite a while.
Enno Wallet proves its success and effect by getting involved in large-scale projects. Besides, these events are moderated by strong centralized finance institutions. So, we can conclude that even the strongest institutions of conventional finance don’t wish to miss the Web 3 revolution ahead.
Web3 Revolution Ahead!
In today’s world, the majority of the data travels via the internet. However, as we currently know, a small number of corporations control it. Web3 is a brand-new decentralized technology that has the potential to revolutionize how we use the internet.
A foundation based on blockchain technology and digital assets is being used to build Web3. That is to say, it guarantees users greater control over their data. This control enhances the efficiency and security of the internet in the process. In addition, Web3 offers businesses a variety of opportunities. They could be able to reduce expenses, open up new markets, and gain the trust of their clients.
Web 3 has the potential to tear down the vast databases currently owned by internet companies like Meta and Google. In return, this offers greater control to consumers. Web 3 is designed to run on open-source software that any developer can use. Thus, this indicates that anyone can engage without authorization. Long story short, Web 3 is here to revolutionize many centralized operations. Hence, banks are clearly interested in developments in the industry. Enno Wallet holds the core value of decentralizing finance. Moreover, it helps individuals take control of their own wealth. In that sense, it is no surprise that Enno Wallet revolutionized the way people engage in the financial world. Thus, we can expect more invitations and collaborations with centralized institutions in the future.
Who is Serkan Bayar?
Serkan Bayar is the CEO of the Enno Wallet.
He decided to jump into his crypto related career after reading an article named “Bitcoin: A Peer-to-Peer Electronic Cash System” back in 2012. This encounter changed his life together with thousands of other lives he will touch one day. Five years later, in 2017 he launched a Turkish Lira gateway called DigiliraPAY on the Waves blockchain. While DigiliraPay aimed to operate as a blockchain-based payment gateway, the Central Bank of the Republic of Turkey issued a regulation on April 16, 2021. Suddenly, the Central Bank prohibited payments made with cryptocurrencies in Turkey. He and his team pivoted and established a company in Hong Kong and started working on Enno Wallet.
Akbank T.A.Ş. is one of the largest banks in Turkey. It is founded in 1948 and as of 2017, it had revenues of nearly TRY 13.7 billion. Moreover, the bank is listed on the Borsa Istanbul, its largest shareholders are members of the Sabancı family. The extent to which Akbank operates is very broad: it is a bank that offers vehicle loans, housing loans, consumer loans, and commercial loans.
Akbank is “The Most Valuable Banking Brand in Turkey” according to the “Brand Finance – Banking 500, 2018” report for the seventh time in a row. Akbank also achieved significant success by ranking as the 126th most valuable banking brand. The report comprises the most valuable global banking brands.