The Bali Blockchain Summit highlights Indonesia's push for digital economy dominance with blockchain technology.

From Investing.com

September 05, 2024 06:29 AM:

The Bali Blockchain Summit hosted by Mandala Chain brought together officials, tech experts, and business leaders to discuss boosting blockchain use in Indonesia and emerging markets. Indonesia aims to lead the digital economy by integrating key technologies like blockchain, promising enhanced transparency and efficiency. Speakers highlighted practical uses, with plans to bring millions of users on board and expand blockchain infrastructure in emerging markets.

Denpasar Mayor emphasized blockchain’s potential for transparency and fairness, driving Indonesia’s prosperity by improving public goods. Mandala Chain announced partnerships to integrate its solutions with government agencies and pilot decentralized identity systems in various sectors like banking, healthcare, and smart cities. Collaborations with Polkadot and KILT Protocol aim to expand blockchain infrastructure in fast-growing regions.

Polkadot released a guide detailing funding options for projects and individuals at different stages of development, including venture capital, grants, and bounties. Opportunities span from small grants to multi-million dollar funds, focusing on areas like DeFi, gaming, and infrastructure. The summit and collaborations aim to accelerate blockchain adoption and innovation in Indonesia and beyond.

Read more at Investing.com: Polkadot-backed Bali Blockchain Summit showcases Indonesia’s digital economy focus By Investing.com