Decentralization and DAO with Turan Sert

Decentralization and DAO with Turan Sert

In the 9th episode of the ReFi Turkiye Podcast series, we are joined by Turan Sert, known for his research, articles, and publications on blockchain-based decentralized technologies. Sert has made contributions to the ecosystem with his books "Sorularla Blockchain" (Blockchain in Questions) and "Sorularla DeFi - Merkeziyetsiz Finans" (DeFi in Questions - Decentralized Finance). In this episode, we discussed the efforts of Web3 to reach a wider audience, decentralization, communities, and DAOs.

Turan Sert began his career with a focus on classical finance and technology, starting with Arthur Andersen in auditing and Garanti Bank in investment banking. After three years of management consulting at Booz Allen's New York office, he returned to Turkey in 2005. He has held executive or board member positions in various Fiba Group subsidiaries and served as the CBO at Özyeğin University from 2014 to 2016. Currently, he provides consultancy services in the field of blockchain technologies to Paribu and BlockchainIST Center. He completed his higher education at Boğaziçi University (BA, 1995) and Harvard Business School (MBA, 2001).

To Get the Episode's NFT:

With the code you will hear in the episode, you can get the NFT that we have prepared specifically for the podcast episode via POAP.

Links to Listen:

→ Notes from the Episode:

You can access Turan Sert's own website from the

You can access Sert's article "The Future of Blockchains is in the Hands of Developers" discussed by Electric Capital through its Developer Report via the

You can access Sert's article with the argument that "The organization of Devcon, Ethereum's largest event, in Istanbul may provide a basis for the further prominence of blockchain and crypto technologies, which are already attracting great attention." via the

You can read the "5 most exciting developments on Ethereum" announced by Ethereum's Founder Vitalik Buterin via the

Highlights from the Episode:

  • 1.12 An Overview of the Web3 World
  • 9:59 An Overview of DAOs
  • 33:45 World of the Games, Different Professions and Web3
  • 1:00:02 Final Words

What We Discussed In This Episode:

Stating that the infrastructure of the Web3 systems was initially attempted to be established, Sert expressed that the domains of utilization and visions have now surfaced and emphasized that the number of advancements shifting towards Web3 has also risen.

"The tokenization and digitalization of existing global assets, that is, the expansion of the digital ownership certificate into that sphere... Structures are being experimented with here," Sert remarked, highlighting the growth prospects in this realm. Web2 platforms, on the other hand, are accessing in a manner that does not align with the user economy promised by Web3, he stated.

Web2 platforms, on the other hand, are accessing to Web3 in a manner that does not align with the user economy promised by Web3, Sert stated. He mentioned the role of DAOs which are positioned as oppose to this: "It's very important that people come together and coordinate around specific missions."

Turan Sert assessed the potential of DAOs to observe the outcomes of certain contributions and establish efficient structures, and then the potential that smart contract wallets can offer upon entering the blockchain world.

"The core of Web3 is communities; for it to prosper, communities must exist. The way communities collaborate with one another is immensely significant," Sert stated, referencing another observation from the gaming industry: "People spend time there; his perception, his attention, his field of labor shifts here."

"The establishment of new worlds within the game can also be done through the coordination of DAOs. "People invest their time there; their perception, attention, and sphere of work shift accordingly."

Sert explains why perspectives such as "I'm not a computer engineer, I don't want to enter this field" can be misleading: "What we genuinely require here is community formation, marketing, progressing together as a community, and coordinating as a community. There is a deficit of people in these matters."

Stating that the end users will assess from their phones what they can accomplish in the future, Sert emphasized that once the blockchain infrastructure is in place, individuals from various backgrounds will need to be attracted to form communities and community layers.

Sert expressed excitement about "empowering the user in the balance of power" and stressed that everyone should comprehend that "a world can exist where individuals have more influence," stating, "Institutions can also adapt to a world where individuals hold greater strength."