Suhadi suggests blockchain may also prove useful in recording and securing land titles, a concept already being explored in Sweden and India. Blockchain can cut out the fat, so to speak remove the overwhelming number of unofficial middlemen and official time-wasters, and allow us to compete in the international market.” “This causes waste - of time, of money - and reduces our competitiveness. We have tens of thousands of islands, more than 30 provinces, thousands of districts - and we never agree on anything,” she says. “An amazing, unique issue in Indonesia is rooted in its structure. She adds that the technology makes sense for Indonesia’s geographic and political make-up as well. “There is immense potential for increased SLAs, less waste and corruption prevention for governments in this region.” “ I'd love to see Blockchain disrupting the way governments are run, especially in Indonesia,” Sastrowardoyo says. To understand what some of the opportunities are, I asked Sastrowardoyo, Suhadi and their peers about what lies ahead and which sectors to watch in Indonesia. Asosiasi Blockchain Indonesia aims to facilitate proactive dialogue between companies and policymakers so as not to slow down progress in the space. “ There is a lot of information and sometimes misinterpretations out there may hinder the growth of the ecosystem,” Suhadi says. He says the association emerged from a need for proactive partnerships and solid information about what is happening with the technology. Steven Suhadi is the chairman of the association and co-founder of Blockchain Space Asia, which runs blockchain, distributed ledger and cryptocurrency-focused coworking spaces in Southeast Asia. Last month, Blockchain Zoo and several other companies formed Asosiasi Blockchain Indonesia, the first industry association of its kind in the country. In January, OJK prohibited banks from selling cryptocurrencies but said it supports the development of new fintech platforms. She attributes the interest in part to the Financial Services Authority (OJK) and the Indonesian central bank's recent remarks regarding the use of blockchain in banks. More On Forbes: Who Is Really Benefiting From The Blockchain Revolution?
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