Indonesia x Blockchain, how ready are we?

As reported in 2021 by e-Conomic SEA, a joint collaboration between Google, Temasek, and Bain and Company, GMV (Gross Merchandise Value) digital economy has risen to $70M from all internet sectors in Indonesia. Since pre-pandemic, product sales in digital service grows to 3.6%, with 98% of all users preferring digital payment. But, sometimes the concerns will come to: How do electronic wallet companies secure our data? How to make it easier when it comes to transacting internationally? How to make sure all parties that participate in the transactions are traceable, securely, and transparently.

These concerns have been brought up by CINDRUM CEO, Valent Budiono. As a blockchain enthusiast, she proposed that blockchain technology could be an answer to these questions. At PERADI Pergerakan First Annual National Conference, an Indonesian Association of Lawyers and Advocates held on October 29th in Surabaya, East-Java. CINDRUM was invited as a guest speaker and shared this insight to the East Java UMKM (Usaha Mikro Kecil Menengah) or MSME (Micro Small Medium Enterprise) Business Owners & Law Enthusiast. CINDRUM was then proposed to provide training and further educational sessions on how to implement blockchain technology for MSME entrepreneurs in Indonesia. The representatives of PERADI Pergerakan agreed that blockchain needs to be escorted by law enforcement to prevent any legal vacuums in the future.

The First Annual National Conference of PERADI Pergerakan was attended by several government officials. Sugeng Teguh Santoso, Head of PERADI Pergerakan and Regional Coordinator of PERADI Pergerakan for East Java and Bali, Albert Riyadi Suwono SH, M.Kn., MH., were also present. CINDRUM was honored to be a speaker at this major event of PERADI Pergerakan and to share knowledge about the potential of Blockchain in front of these influential people.

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