Proving the Business Case for the Internet of Things

Indonesia sets up blockchain hub

Steve Rogerson
August 23, 2018

Indonesia has set up a blockchain hub, a community space dedicated to the promotion and development of blockchain technology.
Blockchain has the potential to revolutionise people's way of life and is becoming more recognised. Around the world, organisations are sprouting up that help facilitate its growth and adoption. Last week, Jakarta, the capital of Indonesia, saw the launch of the Indonesia Blockchain Hub, which has the mission to bring together the different Indonesian Blockchain communities, drive innovation and provide education on blockchain technology.
The launch was not only supported by Hara, a blockchain for social impact project, and the Indonesian Blockchain Association (ABI), but also by the Indonesian Chamber of Commerce & Industry and the government agency Bekraf.
"This is a historical moment for Indonesia," said Regi Wahyu (pictured second from left), CEO of Hara, "This shows that Indonesia is ready for blockchain technology, and the Indonesia Blockchain Hub will have a huge effect on how the blockchain ecosystem will grow in Indonesia."
During the launch event, several panel discussions featured a wide range of international speakers. Speakers from six countries flew in to attend the event and share their thoughts on the future of blockchain technology, and how south-east Asia can play a leading role in its development.
The potential to serve as a centre for education was widely lauded by the many attendees, to make sure that Indonesia would not be left behind. In fact, the general consensus was that Indonesia has the potential to become a leader in the field through initiatives like the hub.
"We believe that the set-up of a place like Indonesia Blockchain Hub will accelerate the exchange of information," said Yos Ginting (pictured far left), member of the supervisory board of the ABI. "It can be used to help make Indonesia a country that will reap the benefits of blockchain technology as early as possible."
Also pictured are Chatib Basri (second from right), Indonesia’s former minister of finance, and Jonathan Lee (far right), CCO of Yello Digital Mobile.
"I think this is the time where our agency can help to support and to foster the blockchain ecosystem and, most importantly, we will become the government agency that will echo the importance of the blockchain ecosystem to the other government institutions as well," said Ginting.
Even though the blockchain sector is still in its early days, already Indonesia has seen several blockchain projects aimed at making a difference and improving the lives of their countrymen sprout up and become successful.
The opening of the hub is a leap forward for the development of blockchain technology in Indonesia. Having a prime location to band together as a community and to discuss and create ideas in the realm of blockchain should have a great positive impact for not only the Indonesian blockchain community but also for Indonesia at large.
The hub aims to be the gateway to the Indonesian blockchain ecosystem for all global and Indonesian projects. The mission of the hub is to bring together the Indonesian blockchain community, drive innovation and provide education to all stakeholders in the Indonesian blockchain ecosystem.