CryptoMediaClub
Wednesday, July 30, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Indonesia to conduct blockchain trials for public services

12.10.2023
A A
0
123
VIEWS
ShareShare

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives.

At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), and Tuhu Nugraha, the principal of the Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives spoke on the state of digital assets, blockchain and metaverse adoption in Indonesia.

According to Sabandar, the country’s youth comprise a large percentage of its population of 270 million, which is a demographic that is “adaptive to new technology.” The executive also pointed out that because of this, the country has been one of the largest userbases in the world when it comes to Web2 social media applications like Facebook and Instagram.

Sabandar delivers a keynote speech at the Blockchain Economy Summit held in Le Meridien, Dubai. Source: Cointelegraph

Because of this, Sabandar told Cointelegraph that the country is ready to be one of the leaders in Web3 adoption. “We want to be the leader, not only the user of technology, because now, because of the decentralization, anybody can do something, anybody can create something,” she said.

Sabandar also highlighted that the IBMC has been working with various sectors, including the government, private sector communities, media and academia, to educate the country about Web3. She explained:

“That’s our homework, actually. To really educate people about the benefit of using blockchain, about the transparency, how smart contracts can benefit their businesses, what is decentralization, things like that.”

Meanwhile, Nugraha, who works as an adviser for the Indonesian government when it comes to its research on blockchain and metaverse technologies, said that the government’s approach to Web3 technology is very collaborative.

Nugraha (second right) with Cointelegraph’s Ezra Reguerra (right) in a panel discussion at the WOW Summit held in Atlantis, The Royal in Dubai. Source: Joeri Billast

The executive told Cointelegraph in an interview that the Indonesian government is working with various blockchain-focused associations to learn and conduct blockchain technology experiments to understand its implications in various sectors. “They want the regulation to stimulate innovation rather than just wanting to give it like a lot of rules,” he explained.

Related: NFTs in the academy: Fighting fake credentials and unfair wages

Nugraha also revealed that the Indonesian government plans to conduct trials on applying blockchain technology in public service use cases. According to the executive, the government will test the use of blockchain-based digital certificates for land ownership and certificates of competencies for the education sector.

He believes that with blockchain’s inherent features, implementing the technology on certificates can potentially combat certificate fraud and help the government verify the authenticity of various kinds of digital certificates using on-chain data.

Magazine: China’s blockchain satellite in space, Hong Kong’s McNuggets Metaverse: Asia Express

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Real USD (USDR) Stablecoin De-Pegs; Plummets to $0.51

Real USD (USDR) Stablecoin De-Pegs; Plummets to $0.51

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Can Shiba Inu’s Surge Make Millionaires in 2024? SHIB Price Analysis

Can Shiba Inu’s Surge Make Millionaires in 2024? SHIB Price Analysis

10 months ago
Bullish Crypto Exchange Files to Go Public, Aiming to List on NYSE

Bullish Crypto Exchange Files to Go Public, Aiming to List on NYSE

1 week ago
Ethereum Co-founder Vitalik Buterin Praises Solana Blockchain

Ethereum Co-founder Vitalik Buterin Praises Solana Blockchain

2 years ago
Visa Makes Crypto-to-Fiat Conversion Easier

Visa Makes Crypto-to-Fiat Conversion Easier

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

ChatGPT’s 28-Indicator XRP Analysis: 95% ETF Odds Ignite Battle Over $3.11 Support Line

StanChart predicts corporates will control 10% of Ethereum supply over time

Billionaire Calls for Buying More Bitcoin as U.S. Debt Spirals – Best Wallet Automates the Strategy, ICO Hits $14.3M

SharpLink Secures 438K ETH, Spending $290M in Weeklong Buying Spree

Interactive Brokers Considers Launching Its Own Stablecoin

The Future of Bitcoin BTC Income: EarnMining App Offers Stable Daily Rewards

Trending

BlackRock says clear US rulebook turns stablecoins into payment method of the ‘future of finance’
Analysis

BlackRock says clear US rulebook turns stablecoins into payment method of the ‘future of finance’

30.07.2025
0

BlackRock stated that stablecoins now sit at the heart of the “future of finance,” and the recently...

South Korean Central Bank Unveils New ‘Cryptoassets Department’

South Korean Central Bank Unveils New ‘Cryptoassets Department’

30.07.2025
Crypto Price Prediction Today 29 July – XRP, Cardano, Shiba Inu

Crypto Price Prediction Today 29 July – XRP, Cardano, Shiba Inu

30.07.2025
ChatGPT’s 28-Indicator XRP Analysis: 95% ETF Odds Ignite Battle Over $3.11 Support Line

ChatGPT’s 28-Indicator XRP Analysis: 95% ETF Odds Ignite Battle Over $3.11 Support Line

29.07.2025
StanChart predicts corporates will control 10% of Ethereum supply over time

StanChart predicts corporates will control 10% of Ethereum supply over time

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz