Blockchain Not Just About Virtual Currency, What Is It Utilizing?

JAKARTA, STEEMIT.com - Blockchain technology is now widely used globally, including in Indonesia. The development of the use of blockchain technology is now very rapid in various sectors.

Chairman of Blockchain Indonesia Association (ABI) Oscar Darmawan explained, blockchain is a technology that is able to store data not only on one server.

Blockchain, called Oscar, can optimize the utilization of many servers so that data can not be falsified or modified, and stored more safely.

"If this technology is developed, it can be applied in many ways," said Oscar in Jakarta, Wednesday (20/3/2018).

Oscar explains, many people associate blockchain with only virtual currency alias cryptocurrency. In fact, he added, blockchain can be used for many sectors.

According to Oscar, virtual currency is only one sector that utilizes blockchain technology. Nevertheless, he acknowledged that the virtual currency managed to boost the popularity and utilization of blockchain.

"Blockchain is only associated with cryptpcurrency.Cryptocurrency is only a small portion (blockchain), but cryptocurrency boosts the use of blockchain," said Oscar.

He also explained the variety of utilization blockchain for various sectors. The simplest is that blockchain can be used for finance, such as payment systems and tax records.

However, blockchain can also be used for bilateral treaty tax deeds, and issuance of certificates. In fact, blockchain can also be used for the issuance of certificates and education certificates so it is not easy to forge.

"It could even be wider for the election, so there is no multiple vote, and the results are more transparent," said Oscar.

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"The number of users buying and selling platform of digital currency bitcoin.co.id claimed by the managers will reach 1.5 million people".