IYI Party Chairman Meral Akşener announced their project named “Artagan” yesterday. Expressing that Artagan means “abundance and abundance” in pure Turkish, Akşener said, “Turkey’s recipe for enrichment, Artagan, is a new ecosystem based on a cashless society, a fair and lossless ecosystem. Artagan is the name of the Revenue Administration in the 21st century.”
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Akşener explained the details of the “Artagan Project”, which plans to realize digital transformation in the economy. The Chairman of the IYI Party stated that with the project, the banking system will turn into institutions that will ignite growth, loan interest rates will decrease and production will increase. Aksener said:
How Will Artagan Work?
With the project, there will be a data sharing network to be established between financial institutions and Artagan. With this network, the data of credit card transactions, money transfers, foreign exchange transactions, securities investment movements, foreign money transfers, check-promissory notes will reach Artagan and be recorded with a closed-circuit blockchain. Artagan will create instant financial statements of 83 million people and millions of businesses with this data. Aksener said:
Smart Contract Emphasis
According to Akşener’s statements, all expenditures in the ecosystem that will be formed after Artagan comes to life will be recorded. All money transfers such as peddlers, grocery shopping, parking, buses, minibuses, taxis, macro expenditures such as housing, automobile purchases, lending, pocket money, service payments, gold, silver, foreign currency, stocks, crypto money. As such, trading of investment instruments will be transferred to the digital environment.
Akşener also stated that valuable papers used for future payments such as checks and promissory notes will turn into smart contracts.