Originally published on: September 04, 2024
Indonesia is gearing up to become a powerhouse in the global digital economy, with a population of over 270 million and ambitious plans to integrate cutting-edge technologies into its core frameworks. Among these transformative technologies, blockchain stands out as a key player in revolutionizing public and private sector operations.
Recently, the Bali Blockchain Summit (BBS) took center stage, shedding light on Indonesia’s growing influence in the blockchain landscape. Sponsored by Polkadot and organized by Mandala Chain, the summit served as a platform for key stakeholders, government officials, and blockchain experts to discuss strategic plans for advancing blockchain adoption not only in Indonesia but also in emerging markets worldwide.
The event kicked off with the Mayor of Denpasar City emphasizing blockchain’s potential to decentralize power structures, promoting transparency and efficiency for the greater good. The summit featured lively discussions on how blockchain can enhance government services, private enterprises, and critical sectors like land registry systems, public health records, and product authentication.
A major highlight of the summit was Mandala Chain’s announcement regarding the integration of its IDCHAIN solution with key government agencies in Indonesia. Teaming up with PANDI, the official “.ID” domain registry, Mandala Chain aims to onboard over 10 million users, marking a significant milestone in driving blockchain adoption in Indonesia.
In collaboration with Polkadot and KILT Protocol, Mandala Chain is spearheading the expansion of blockchain infrastructure, focusing on decentralized identities (DIDs) and verifiable credentials. By leveraging Polkadot’s scalability and KILT’s expertise in W3C-standard identity solutions, Mandala Chain aims to provide a robust, interoperable blockchain infrastructure tailored for emerging markets like Indonesia.
The Bali Blockchain Summit showcased Indonesia’s proactive approach to blockchain adoption, paving the way for Web3 technologies in the region. With Indonesian leaders and stakeholders demonstrating readiness and enthusiasm, the country is poised to lead the charge in the next wave of digital innovation.
As the digital landscape evolves, collaborations like the one between Mandala Chain and KILT at the Bali Blockchain Summit are set to shape the future of blockchain technology in Indonesia and beyond.