ATEZ and one of the Turkey’s state-owned banks, Vakifbank, signs a collaboration agreement to work on Blockchain R&D projects together to enable domestic payments of customs duties, VAT, union charges etc., which all directly relates to import and export procedures. Vakifbank and ATEZ have been working on Blockchain Trade Platform together since the beginning of the project in early 2018.

Parties target to digitize and automate any domestic payment, taht needs to be done for import and export procedures to speed up the lead times and cut costs.