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Regulator’s Enthusiasm for the Blockchain Industry at the Indonesian Blockchain Conference 2021

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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.

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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

Blocks & Headlines: Today in Blockchain – May 14, 2025

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Blockchain’s evolution continues at breakneck speed, shifting from niche applications into mainstream finance, supply-chain integrity, and social impact initiatives. Today’s briefing spotlights five stories that illustrate this maturation: Cardano’s seamless asset integration in the privacy-focused Brave browser; a strategic partnership between Cokeeps and Maybank Trustees to bring tokenized wealth management to institutional clients; Ripple’s leadership framing blockchain as the dismantler of traditional banking silos; the UNDP’s pilot using distributed ledgers to improve HIV treatment tracking across Eurasia; and a novel IoT-blockchain collaboration to authenticate fine wines end-to-end. In this op-ed–style roundup, we analyze not only the mechanics of each announcement but also their broader implications for Web3’s scaling, DeFi’s credibility, and blockchain’s social-good potential.


1. Cardano Integrates Native Blockchain Assets into Brave Browser

What Happened
On May 13, Cardano foundation engineers unveiled a collaboration with Brave Software to natively support Cardano blockchain assets—ADA tokens and native tokens—within Brave’s wallet panel. Users can now view balances, send ADA, stake directly, and interact with back-end metadata for Cardano NFTs, all without leaving the Brave interface. This move follows Brave’s earlier Ethereum and Solana integrations, signaling a multi-chain future for privacy-centric browsers.

Analysis & Implications

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  • User Experience Leap: By embedding Cardano functionality at the browser level, Brave eliminates friction for onboarding new users who would otherwise juggle external wallets or browser extensions. Easier access to staking and NFT markets could drive stronger engagement for Cardano’s ecosystem.

  • Multi-Chain Convergence: Brave’s strategy underscores the shift from siloed blockchain apps toward unified, chain-agnostic user experiences. As Web3 users demand seamless access across protocols, wallets and browsers will compete to offer the most inclusive multi-chain dashboards.

  • Cardano’s Market Position: For Cardano, this integration is a validation of its low-fee, high-throughput value proposition. While Ethereum remains dominant in DeFi and NFTs, Cardano’s energy efficiency and growing dApp roster may attract users seeking alternatives—especially if wallet UX barriers continue to fall.

Opinion
Brave’s embrace of Cardano assets exemplifies the coming era of “wallet-agnostic” access, where the browser becomes the front door to multiple blockchains. For Cardano, it’s a critical trust signal that boosts on-ramps and could accelerate liquidity in its DeFi protocols. Yet success hinges on robust in-browser security and responsive UI design—any wallet bugs or performance lags will erode the trust this collaboration seeks to build.

Source: CoinDesk


2. Cokeeps & Maybank Trustees Develop Blockchain Asset-Management Solutions

What Happened
Malaysia’s Cokeeps, a digital-asset custody pioneer, has partnered with Maybank Trustees to design and deploy tokenized asset-management platforms for institutional investors. The joint solution leverages a permissioned blockchain to record ownership of tokenized bonds, real-estate funds, and alternative-assets, while integrating smart-contract–driven compliance checks and real-time audit trails.

Analysis & Implications

  • Institutional Adoption: By combining Cokeeps’s custody technology with Maybank’s regulatory expertise and trustee services, the duo addresses two perennial barriers to institutional crypto investment: custody risk and compliance certainty. This model could serve as a blueprint for other Asia-Pacific custodians.

  • Tokenization Benefits: Tokenized securities on a shared ledger can reduce settlement times from days to seconds, lower transaction costs, and open fractional-ownership models—broadening access to asset classes historically reserved for high-net-worth individuals.

  • Regulatory Alignment: Embedding KYC/AML logic into smart contracts ensures that every token transfer automatically enforces jurisdictional rules. As regulators worldwide demand transparent on-chain auditability, such integrated controls will become table stakes for institutional offerings.

Opinion
This collaboration exemplifies how established financial institutions can embrace blockchain without ceding control. Rather than disrupting Maybank’s trustee role, tokenization enhances it—transforming trustees from manual record-keepers into guardians of programmable assets. The real test will be scale: can the platform handle high-volume trading with uncompromised security and consistency? If so, we may see a wave of legacy banks repackaging their services through blockchain rails.

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Source: The Star


3. Ripple Board Member: “Blockchain Is Unbundling Banks”

What Happened
On May 14, Stuart Alderoty, a board member at Ripple Labs, declared in an industry webcast that blockchain technology is fundamentally “unbundling” traditional banking services—payments, settlements, custody, and compliance are each evolving into modular, chain-native offerings. He argued that banks will increasingly source best-of-breed infrastructure from fintech and blockchain providers rather than maintain monolithic, in-house systems.

Analysis & Implications

  • Modular Finance: Alderoty’s vision anticipates a composable finance ecosystem: banks orchestrate various on-chain services—liquidity pools, cross-border rails, automated KYC—via APIs, akin to how e-commerce platforms integrate third-party payment gateways and fraud-prevention tools today.

  • Competitive Pressure: Incumbent banks face competition not only from neobanks but also from protocol-level service providers (e.g., on-chain oracles, decentralized exchanges). To retain clients, banks must either build or partner to offer seamless, blockchain-enhanced products.

  • Industry Collaboration: Ripple itself underscores this shift: its On-Demand Liquidity service unbundles foreign-exchange and settlement from legacy correspondent banking, delivering real-time cross-border payments at reduced cost.

Opinion
The unbundling thesis places a premium on interoperability and standards. Without common protocols, financial services risk siloed “rails” that mimic today’s fragmented SWIFT-based processes. Collaborative industry consortia—like the U.K.’s Project Rosalind or Japan’s mHUB—will be crucial to define shared messaging formats and governance frameworks. For blockchain to truly disaggregate banking, ecosystem players must coalesce around open, secure standards.

Source: U.Today

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4. UNDP’s Big Ideas: Using Blockchain to Fight HIV in Eurasia

What Happened
The United Nations Development Programme (UNDP) launched its “Big Ideas” pilot in Eurasia, deploying a blockchain-enabled platform to manage HIV treatment data across multiple countries. The solution uses a hybrid public-private ledger to ensure patient anonymity while providing authorized clinics and NGOs with secure, immutable access to treatment adherence records and drug-dispensation logs.

Analysis & Implications

  • Data Privacy & Integrity: The hybrid architecture combines zero-knowledge proofs on a public chain—verifying treatment events without exposing personal health information—with a consortium chain that controls participant permissions. This dual model balances transparency and confidentiality.

  • Cross-Border Collaboration: HIV programs often span regions with varying healthcare regulations. A shared blockchain registry simplifies data exchange, reducing duplication and ensuring each patient’s history is up to date, even when they move between clinics or countries.

  • Scalability & Sustainability: Running on energy-efficient proof-of-stake networks and leveraging off-chain data storage for sensitive medical records, the platform minimizes transaction costs while maintaining high throughput—essential for scaling across thousands of patients.

Opinion
UNDP’s blockchain pilot represents a maturation of social-impact use cases—from proof-of-concepts to production-grade systems. By prioritizing patient privacy and regulatory alignment, this model could extend to other health-data challenges, such as vaccine distribution or epidemic tracking. The key will be forging long-term partnerships between multilateral organizations, local health authorities, and blockchain providers to sustain and expand the network beyond the pilot phase.

Source: UNDP


5. Identiv, ZaTap & Genuine Analytics Digitally Authenticate Fine Wines

What Happened
Identiv, ZaTap, and Genuine Analytics have unveiled a joint solution that employs specialized IoT tags and blockchain to verify the provenance of fine wines. Each bottle is fitted with a tamper-evident sensor that records temperature, humidity, and location data onto a permissioned ledger. Consumers can scan an NFC-enabled label to view the wine’s end-to-end history—from vineyard pressing to cellar aging and global shipping.

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Analysis & Implications

  • Counterfeit Mitigation: The fine-wine market suffers from widespread fraud, with counterfeit bottles estimated to comprise up to 20% of high-end sales. Immutable provenance records and sensor-backed condition reports significantly raise the bar for authenticity verification.

  • Consumer Trust & Engagement: Beyond security, the solution enhances the collector experience—buyers gain confidence in their purchase and a richer narrative around each vintage’s journey, potentially commanding higher resale values on secondary markets.

  • Cross-Industry Potential: This IoT-blockchain fusion can be adapted for other luxury goods—artworks, haute horlogerie, or premium spirits—where provenance and condition are paramount.

Opinion
By blending real-world data streams with ledger immutability, this collaboration exemplifies blockchain’s most compelling value proposition: trusted digital twins of physical assets. However, the system’s integrity depends on robust IoT security—if sensors are spoofed or tampered with, the chain of trust breaks. Stakeholders must therefore enforce secure tag provisioning, periodic audits, and tamper detection measures to uphold the solution’s credibility.

Source: PR Newswire


Conclusion

Today’s blockchain dispatch underscores a pivotal shift: decentralized ledgers are weaving into the fabric of finance, social impact, and supply-chain integrity. From Brave’s browser-level Cardano support to tokenized asset platforms, from the unbundling of banking services to health-data pilots and luxury-goods authentication, blockchain is proving its versatility and maturing beyond speculative markets. As on-chain and off-chain worlds converge, interoperability, security, and standards will determine which projects scale and which falter. For stakeholders across Web3, DeFi, and enterprise IT, the imperative is clear: embrace modular architectures, uphold rigorous governance, and focus on real-world value—only then will blockchain realize its promise of trust, transparency, and transformative efficiency.

The post Blocks & Headlines: Today in Blockchain – May 14, 2025 appeared first on News, Events, Advertising Options.

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Investview, Inc. (“INVU”) Reports Financial Results and Current Operational and Financial Highlights for the First Quarter Ended March 31, 2025

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CapitalRevo Reveals Powerful AI-Driven Features Ushering in a New Era of Smart Trading

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