Development of Blockchain Indonesia

Blockchain in Indonesia can be used in the financial sector and capital markets, such as in Australia and China. "Blockchain is transparent and efficient, although there are many interactions, but everything is recorded well. So when you want to see the transaction back to be more tested than the manual. Blockchain technology advances have never been as fast as they are today. All life has changed since the digital platform invasion has reached almost every aspect of life, from professionals to highly personal fields. In the last decade, a new blockchain digital platform was introduced, socialized and even become the main conversation in many countries.

The benefits of blockchain are not only that. In fact, understanding blockchain can broaden horizons and hone business skills. Simply put, blockchain is a decentralized ledger record, checking and verifying every process of withdrawal, payment, and trading within its limits. For businesses, the spectrum is quite broad, from using blockchain capabilities to reach remote consensus to being autonomous between users. This technology can help increase transactional productivity and safety, reduce overall costs and even reduce the potential for pauses or downtime if present in the supply chain.

image source : digination

The Estonian government is working with Ericsson to create a new data center to move public documents onto the blockchain. In South Korea, Samsung created blockchain solutions for governments to be used in public safety and transportation applications.