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src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload wp-post-image" alt="Indonesia Blockchain Week 2024" decoding="async" fetchpriority="high" data-src="https://heaptalk.com/wp-content/uploads/2024/11/Indonesia-Blockchain-Week-2024-1140x570.jpeg" data-sizes="auto" data-expand="700"/></div><p class="wp-caption-text">credit by Syifa</p></a></div><div class="jeg_share_top_container"></div></div></div><div class="row"> <div class="jeg_main_content col-md-8"> <div class="jeg_inner_content"> <div class="jeg_ad jeg_article jnews_content_top_ads"><div class='ads-wrapper'></div></div><div class="entry-content with-share"> <div class="jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome"> <div class="jeg_share_float_container"><div class="jeg_sharelist"> <a href="https://www.facebook.com/sharer.php?u=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesia-blockchain-week-2024-to-catalyze-in-asias-blockchain-revolution%2F" rel='nofollow' class="jeg_btn-facebook expanded"><i class="fa fa-facebook-official"></i><span>Share on Facebook</span></a><a href="https://twitter.com/intent/tweet?text=Indonesia%20Blockchain%20Week%202024%20to%20catalyze%20in%20Asia%E2%80%99s%20Blockchain%20revolution&url=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesia-blockchain-week-2024-to-catalyze-in-asias-blockchain-revolution%2F" rel='nofollow' class="jeg_btn-twitter expanded"><i class="fa fa-twitter"><svg xmlns="http://www.w3.org/2000/svg" height="1em" viewBox="0 0 512 512"><path d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"/></svg></i><span>Share on Twitter</span></a><a href="https://www.pinterest.com/pin/create/bookmarklet/?pinFave=1&url=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesia-blockchain-week-2024-to-catalyze-in-asias-blockchain-revolution%2F&media=https://heaptalk.com/wp-content/uploads/2024/11/Indonesia-Blockchain-Week-2024.jpeg&description=Indonesia%20Blockchain%20Week%202024%20to%20catalyze%20in%20Asia%E2%80%99s%20Blockchain%20revolution" rel='nofollow' class="jeg_btn-pinterest"><i class="fa fa-pinterest"></i></a> <div class="share-secondary"> <a href="https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesia-blockchain-week-2024-to-catalyze-in-asias-blockchain-revolution%2F&title=Indonesia%20Blockchain%20Week%202024%20to%20catalyze%20in%20Asia%E2%80%99s%20Blockchain%20revolution" rel='nofollow' class="jeg_btn-linkedin"><i class="fa fa-linkedin"></i></a></div><a href="#" class="jeg_btn-toggle"><i class="fa fa-share"></i></a></div></div></div><div class="content-inner"> <p><strong>Heaptalk, <a href='https://heaptalk.com/govact/jakarta-will-remain-the-capital-for-several-more-years/' title='Jakarta will remain the capital for several more years'>Jakarta</a> </strong><strong>— </strong><a href='https://heaptalk.com/govact/indonesia-to-amplify-partnership-with-united-states/' title='Indonesia to amplify partnership with United States'>Indonesia</a> <a href='https://heaptalk.com/technology/blockchain-technology-a-new-digital-payment-scheme/' title='Blockchain technology, a new digital payment scheme' rel='nofollow'>Blockchain</a> Week (<a href="https://www.indonesiablockchainweek.com/" target="_blank" rel="noopener">IBW</a>) 2024 was successfully held on November 19, 2024, at The Ritz-Carlton Pacific Place Jakarta. After a two-year hiatus, this <a href='https://heaptalk.com/technology/blockchain-technology-a-new-digital-payment-scheme/' title='Blockchain technology, a new digital payment scheme' rel='nofollow'>blockchain</a> conference in Indonesia was envisioned as a transformative forum uniting industry players, communities, and <a href='https://heaptalk.com/govact/sri-mulyani-encourages-young-generation-as-future-policymakers/' title='Sri Mulyani encourages young generation to absorb knowledge and competence as future policymakers'>policymakers</a> to advance understanding and foster collaboration in the <a href='https://heaptalk.com/technology/blockchain-technology-a-new-digital-payment-scheme/' title='Blockchain technology, a new digital payment scheme' rel='nofollow'>blockchain</a> ecosystem across Indonesia and Asia.</p> <p>IBW 2024 was initiated through a partnership among D3 Labs, <a href='https://heaptalk.com/whats-on/tokocryptos-user-base-and-transactions-surge-in-early-2024/' title='Tokocrypto’s User Base and Transactions Surge in Early 2024'>Tokocrypto</a>, Confiction Labs, and Saison Capital, symbolizing the innovative spirit of blockchain <a href='https://heaptalk.com/insight/welcoming-2024-here-are-the-technology-trends-prediction-in-2024/' title='Welcoming 2024, Here are the technology trends prediction in 2024' target='_blank'>technology</a> integration across various sectors. With its focus on three core themes, such as blockchain ecosystems, <a href='https://heaptalk.com/press-release/dubai-based-cryptocurrency-venture-capital-alpha-token-capital-invests-in-cvtx/' title='Dubai-based Cryptocurrency Venture Capital ‘Alpha Token Capital’ Invests in $CVTX'>cryptocurrency</a> industry trends, and blockchain-driven entertainment, the agenda offered participants an opportunity to delve into critical topics shaping the evolution of blockchain technology.</p> <p>“Indonesia Blockchain Week presents a critical opportunity to unlock the archipelago’s immense potential for blockchain with a large market and increasing government support; now is the time to advance innovative partnerships to propel this industry forward,” Looi Qin En, Partner at Saison Capital said.</p> <h2>Blockchain industry headway and outlook</h2> <p>During the opening, Tirta Karma Senjaya, Head of the Commodity Futures Trading <a href='https://heaptalk.com/govact/east-kutai-regent-urges-regional-apparatuses-to-accelerate-the-development-in-2023/' title='East Kutai Regent urges regional apparatuses to accelerate the development in 2023'>Development</a> and Development Bureau at <a href='https://heaptalk.com/news/indonesias-coftra-issues-new-crypto-policy-enabling-institutional-investors-to-boost-the-industry/' title='Indonesia’s CoFTRA issues new crypto policy, enabling institutional investors to boost the industry'>CoFTRA</a>, praised the organization of <a href="https://heaptalk.com/industry/indonesias-blockchain-industry-grows-positively-despite-challenges/">blockchain</a>-related events in Indonesia, noting their alignment with the ongoing market “bull run” for cryptocurrencies like <a href='https://heaptalk.com/industry/bitcoin-hits-us50000-for-the-first-time-since-2021/' title='Bitcoin hits US$50,000 for the first time since 2021'>Bitcoin</a>, which had recently seen substantial growth.</p> <p>According to his statement, the value of Indonesia’s <a href='https://heaptalk.com/industry/indonesias-crypto-transactions-touch-usd3-15bn-in-august-2024/' title='Indonesia’s crypto transactions touch USD3.15bn in August 2024'>crypto</a> transactions has grown significantly, from US$4.1 billion, <a href='https://heaptalk.com/press-release/or-records-600-year-on-year-quarterly-profit-growth-in-q3-2023-driven-by-mobility-business-maintaining-positive-momentum-of-international-expansion/' title='OR records 600% year-on-year quarterly profit growth in Q3 2023 driven by mobility business, maintaining positive momentum of international expansion' target='_blank'>or</a> around Rp64.9 trillion, in 2020 to an estimated US$37.8 billion, equal to Rp600 trillion, by the end of 2024. The number of registered crypto users has also surged to 21.6 million.</p> <p>“The expectation is that by the end of this year, the cumulative cryptocurrency transactions, which have already reached Rp475 trillion as of October, will continue to grow, potentially nearing Rp600 trillion. While this may not surpass the record-breaking levels of 2021, when crypto assets reached an all-time high, it remains a remarkable achievement. Hopefully, by 2025, we will witness a new all-time high, further driving transaction volumes upward.” he affirmed.</p> <p>Furthermore, he elaborated that Indonesia has over 2,000 registered blockchain-related businesses. Nevertheless, oversight and direction for the industry’s development across sectors remain challenging. He perceived that it was recognized for its potential to enhance data security, reduce manipulation risks, and improve efficiency in data transfer, making it applicable to almost every public and private sector.</p> <p>He looks forward to the blockchain, which is expected to be pivotal in Indonesia’s <a href='https://heaptalk.com/govact/a-decade-of-digital-transformation-in-indonesia-internet-speed-increases-tenfold/' title='A decade of digital transformation in Indonesia: Internet speed increases tenfold'>digital transformation</a> and economic development. Future opportunities include integrating advanced features like staking, learning, perpetual futures, and ETFs into the blockchain ecosystem. Collaboration among stakeholders, including government regulators and industry players, is essential to unlocking blockchain’s full potential.</p> <p>“We highly appreciate events like Indonesia Blockchain Week 2024. This event is an opportunity to reach the public and convey that Indonesia has advanced in the digital era, not only in banking or <a href='https://heaptalk.com/industry/indonesia-to-forbid-imported-products-sale-below-100-in-e-commerce/' title='Indonesia to forbid imported products sale below $100 in e-commerce'>e-commerce</a> but also in blockchain-based investments.” Tirta concluded.</p> <div class="jeg_post_tags"><span>Tags:</span> <a href="https://heaptalk.com/tag/coftra/" rel="tag">CoFTRA</a><a href="https://heaptalk.com/tag/indonesia-blockchain-week-2024/" rel="tag">Indonesia Blockchain Week 2024</a></div></div></div><div class="jeg_share_bottom_container"></div><div class="jeg_ad jeg_article jnews_content_bottom_ads"><div class='ads-wrapper'></div></div><div class="jnews_prev_next_container"></div><div class="jnews_author_box_container"></div><div class="jnews_related_post_container"><div class="jeg_postblock_21 jeg_postblock jeg_module_hook jeg_pagination_disable jeg_col_2o3 jnews_module_44346_0_674692866052f" data-unique="jnews_module_44346_0_674692866052f"> <div class="jeg_block_heading jeg_block_heading_6 jeg_subcat_right"> <h3 class="jeg_block_title"><span>Related<strong> Posts</strong></span></h3></div><div class="jeg_block_container"> <div class="jeg_posts jeg_load_more_flag"><article class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://heaptalk.com/news/mr-diy-inaugurates-its-900th-stores-in-jakarta/"><div class="thumbnail-container animate-lazy size-715"><img width="120" height="86" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload wp-post-image" alt="MR.DIY" decoding="async" data-src="https://heaptalk.com/wp-content/uploads/2024/11/WhatsApp-Image-2024-11-25-at-9.15.10-AM-120x86.jpeg" data-sizes="auto" data-expand="700"/></div></a></div><div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://heaptalk.com/news/mr-diy-inaugurates-its-900th-stores-in-jakarta/">MR.DIY inaugurates its 900th stores in Jakarta</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://heaptalk.com/news/mr-diy-inaugurates-its-900th-stores-in-jakarta/"><i class="fa fa-clock-o"></i> November 27, 2024</a></div></div></div></article><article class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://heaptalk.com/technology/anthropic-bags-additional-4b-investment-from-amazon/"><div class="thumbnail-container animate-lazy size-715"><img width="120" height="86" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload wp-post-image" alt="Anthropic and Amazon expanded partnership by adding $4 billion investment. 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