Blockchain
Regulator’s Enthusiasm for the Blockchain Industry at the Indonesian Blockchain Conference 2021
The Indonesian Blockchain Conference (IBC) 2021 was successfully held by the Indonesian Blockchain Association (A-B-I or Asosiasi Blockchain Indonesia) on Monday (9/8). The annual conference organized by A-B-I attracted the public, industry players, practitioners, and academics to regulators in Indonesia. The rapid development of the Blockchain industry in Indonesia stimulated many innovative ideas in the Smart Regulation: Regulatory Framework for Blockchain-based Projects panel which was attended by: Dr. Jerry Sambuaga as Vice Minister of Trade Ministry, Dr. R. Edi Prio Pambudi, SE, MA as Expert Staff of Coordinating Ministry for Economic Affairs, Ms. Dwina Septiani Widjaya as President Director of PERURI, and Dr. Ir. I Nyoman Adhiarna, M.Eng as Acting Official Director Digital Economy of Ministry of Communication & Information Technology.
Vice Minister of Trade Ministry, Dr. Jerry Sambuaga expressed his hopes for the Blockchain Industry, one of which is the formation of the world’s first crypto bursa that is regulated by the government, the formation of this bursa is expected to provide certainty, clarity, and protection to investors, as well as prevent things such as money laundering and criminal acts or terrorism funding. Jerry emphasized, “when the bursa has been built, there will be kliring, there will be record-keeping, and so on it will be more visible to manage. We will make sure that it can be monitored and implemented properly.”
Dr. R. Edi Prio Pambudi, SE, MA as Expert Staff of the Coordinating Ministry for Economic Affairs shared his views on blockchain innovation, where industry players can take advantage of creative opportunities to innovate the Blockchain-based systems. Edi believes that if it can be realized, blockchain will no longer be known as a speculative instrument only, but a technology that can solve problems in the real sector, and on the other hand can still be an investment instrument. He briefly discussed the G20 plan for next year which “should be prepared as an arena to show that next year Indonesia is ready, we have a lot of talents, how do we invest to develop this, so this should be worked on” where many investors will attend, so the Blockchain Industry in Indonesia must leverage this opportunity to become something interesting.
Ministry of Communications and Informatics, represented by Dr. Ir. I Nyoman Adhiarna, M.Eng as Acting Official Director Digital Economy of Ministry of Communication & Information Technology also provided inputs for regulators to create regulations that are more flexible, or commonly called agile regulation or smart regulation. Nyoman said that “the big issue related to blockchain is that the application can be very diverse and very fast and we have to create regulations that can catch up with the acceleration of this application so we need to work together and look at best practices from other countries to find the best references”. Nyoman encouraged the Ministry of Law and Human Rights to think about how to find a break through for smart contract applications if later realized based on Presidential Regulation (PP) Number 5 of 2021 concerning the implementation of risk-based licensing in KBLI 62014 related to Blockchain technology security activities that are already prevailing.
The President Director of PERURI, Dwina Septiani Widjaya, showed her astonishment to see crypto asset investors who had already beaten the number of capital market investors, calling it unprecedented. Dwina hopes that the Blockchain Industry does not always have to rely on regulators to supervise, the most important thing is the association itself, “if we only rely on regulators, they often approach pure compliance while from us business people, we also need growth. Since we didn’t get the target as we [expected] to the shareholders, this is how we have to grow.” said Dwina closing the Smart Regulation: Regulatory Framework for Blockchain-based Projects panel at the 2021 Indonesian Blockchain Conference.
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
-
Blockchain6 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases5 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain5 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain7 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain Press Releases5 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain7 days ago
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
-
Blockchain Press Releases6 days agoBybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown
-
Blockchain Press Releases6 days ago
Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
