Indonesia to conduct blockchain experiments for public services.

Following the launch of a state-backed crypto exchange, the Southeast Asian nation of Indonesia is becoming a thriving crypto hub, aiming to become one of the leaders in Web3 technology, according to Indonesia Blockchain and Metaverse executives.

At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of Indonesia Blockchain and Metaverse Center (IBMC) and Tuhu Nugraha, executive director of Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives talked about digital assets, blockchain and the state of Metaver adoption in Indonesia.

According to Sabandar, the country's youth make up the bulk of its 270 million population, a demographic that is “adapting to new technologies.” The executive noted that as a result, the country was one of the world's largest users of Web2 social media applications such as Facebook and Instagram.

As a result, Sabandar told Cointelegraph, the country is poised to become one of the leaders in Web3 adoption. “We want to be a leader, not just a user of technology, because now, in a decentralized manner, anyone can do something, anyone can create something,” she said.

Ato Sabandar pointed out that EBMC is teaching the country about Web3 in collaboration with various sectors such as the government, private sector communities, media and academics. She explained:

“It's our homework, really. To really educate people about the use of blockchain, transparency, how smart contracts can benefit their businesses, what decentralization is, things like that.

Meanwhile, Nugraha, who works as a consultant for the Indonesian government's research on blockchain and metaverse technologies, said the government's approach to Web3 technology is very cooperative.

The executive told Cointelegraph in an interview that the Indonesian government is working with various blockchain-oriented associations to learn and conduct experiments on blockchain technology to understand its implications in various sectors. “They want the regulation to encourage innovation rather than impose more regulations,” he explained.

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Nugraha stated that the Indonesian government plans to conduct experiments on the application of blockchain technology in the use of public services. According to the executive, the government will experiment with using blockchain-based digital certificates for land ownership and qualification certificates for the education sector.

With blockchain's intrinsic features, he believes that applying the technology to certificates can help fight certificate fraud and help the government use on-chain information to verify the authenticity of various types of digital certificates.

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