Blockchain Technology was first introduced in 2008 by someone named Satoshi Nakamoto.
Blockchain is a decentralized database consisting of encrypted data blocks and is connected by cryptography.
Transactions that occur in the blockchain are transparent and cannot be changed or manipulated by any party.
Blockchain can be used in various sectors, such as finance, logistics, health, energy, and others.
In Indonesia, blockchain has been used to manage land ownership data and voting systems in general elections.
One of the advantages of blockchain is that transaction costs are lower compared to traditional systems.
Blockchain also makes transactions faster and safer because there are no middle parties controlling.
In Indonesia, the government and large companies began to glance at the potential for blockchain to improve the efficiency and security of their business.
Blockchain also allows the creation of an inclusive financial system, where people who initially do not have access to traditional financial systems can make transactions easily and cheaply.
Although it is still relatively new, blockchain technology in Indonesia has great potential to support digital economic growth and create new jobs in the technology sector.
