- Indonesia is actively embracing blockchain technology and web3 adoption, aiming to optimize public services and combat certificate fraud.
- The Indonesia Blockchain and Metaverse Center (IBMC) is playing a significant role in educating the public about the benefits of web3 technology and promoting blockchain transparency.
- The Indonesian government plans to conduct trials using blockchain-based digital certificates for land ownership and education, leveraging the inherent features of blockchain for data preservation and authentication while combating certificate fraud.
Indonesia is positioning itself as a growing cryptocurrency hub with a focus on web3 technology. The country is committed to blockchain adoption and metaverse technology to optimize public services and combat certificate fraud.
Indonesia’s Web3 Technology Adoption
According to 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), Indonesia’s youth are adaptable to new technology. Being one of the largest user bases globally when it comes to web2 social media apps such as Facebook and Instagram, the country is favorably poised to be one of the leaders in web3 adoption.
The Role of IBMC
The IBMC is working with various sectors, including the government, private sector communities, media, and academia, to educate citizens about the benefits of web3 technology. The organization aims to teach the public about blockchain transparency, how smart contracts can benefit their businesses, and what decentralization means.
Indonesia Government’s Collaborative Effort
Tuhu Nugraha, an adviser for the Indonesian government on blockchain and metaverse technologies, confirms that the government plans to conduct trials on applying blockchain technology in public service use cases. The government will test the use of blockchain-based digital certificates for land ownership and certificates of competencies for the education sector.
Blockchain’s inherent features make it an excellent choice for data preservation, authentication, and tracking of digital certificates. Implementing blockchain technology for digital certificates can potentially combat certificate fraud and aid in verifying the authenticity of various kinds of digital certificates using on-chain data.
In summary, Indonesia’s government is more collaborative when it comes to blockchain and web3 technology adoption, with efforts being made to educate its citizens and the transparent use of blockchain technology for public services. The country’s commitment to blockchain technology is expected to combat certification fraud and boost digital certificate authenticity using blockchain’s inherent features.