Indonesia welcomes Blockchain Hub – Coinjournal

  Blockchain hub in Indonesia launches
Blockchain launches in Indonesia

Blockchain hub in Indonesia was launched on Thursday by the Creative Economy Agency (BEKRAF), the Indonesian Chamber of Commerce (KADIN), the Indonesian Blockchain Association, and the agritech start-up based in Hara blockchain.

  Hub Blockchain Indonesia
launch hub Blockchain Indonesia, @PundiXLabs, Twitter

The organization said it will act as "gateway to the growing blockchain ecosystem of the Indonesia "and a platform for local and international players in the blockchain sector to network and share knowledge.

"Indonesia is a huge market in Southeast Asia and around the world and there are so many opportunities to be explored here," said the CEO and founder of Hara Regi Wahyu, who is also one of the founders of the Ink Blockchain Hub.

The organization will also deal with alliances in the adoption of blockchain in Indonesia and the provision of public education.

"We believe that the transparency of data allowed by the blockchain technology will help the bottom of the social pyramid to improve their well-being … [which] will lead to improvements in business and economic performance," he said.

"Based on Hara's experience … challenges remain in explaining the socio-economic impact of blockchain for companies, regulators and society in general. a platform that can help improve the awareness and understanding of technology. "

Wahyu added that the Hub Blockchain of Indonesia will create a meeting structure for blockchain actors, a training place for beginners and a co-working space for blockchain entrepreneurs.

"In this way, the place can be an incubator for creating ideas that can support the economy of Indonesia," he said.

The Blockchain hub of Indonesia joins the Blockchain Asosiasi Indonesia (Indonesian Blockchain Association), an organization launched in March. The association was founded by six blockchain companies with operations in Indonesia: Blocktech Indonesia, Blockchain Zoo, Indodax (formerly Bitcoin Indonesia), Indonesian Blockchain Network, Luno and Pundi X. It is pushing for a favorable regulation for the sector.

In the past few years, blockchain technology has become a new trend in the Indonesian financial sector. The former Finance Minister Chatib Basri said that technology can bring real impacts to the acceleration of the Indonesian economy and even advise banks to issue "their own digital currency".

Ricky Persik, vice president of BEKRAF, said that by implementing blockchain technology in the business sector, Indonesia could become more competitive.

Government institutions such as the postal service have started implementing blockchain in various services.

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