Support Coinfest 2024, Upbit Indonesia Highlights Blockchain Innovation In Indonesia And Asia

JAKARTA - Upbit Indonesia, one of Indonesia's leading digital asset trading exchanges, announced its participation as a sponsor in the side event Coinfest 2024 which was held by the Association of Blockchain and Indonesian Crypto Asset Traders (ABI-Aspakrindo), namely the Indonesia Blockchain Conference (IBC).

This event took the theme 'Shaping Asia's Future: Blockchain Innovations Leading the Way', which aims to explore blockchain innovations in shaping Asia's future. This event took place on August 22, 2024 in Nuanu, Bali.

As one of the leading blockchain trading exchanges in Indonesia, Upbit Indonesia is committed to supporting the development of blockchain technology in Asia, especially in Indonesia. This support is in line with Upbit's mission to build a better, more innovative and secure blockchain ecosystem for all users in Indonesia.

Upbit Indonesia's Chief Operating Officer (COO), Resna Raniadi said, blockchain has great potential to revolutionize various sectors.

"And we at Upbit Indonesia are determined to continue to support this development through various initiatives and collaborations. Coinfest 2024 is an important forum for us to strengthen this commitment, as well as facilitate discussions that can encourage further innovation in the blockchain sector," he explained, in a written statement, Wednesday, September 4.

In a panel discussion session entitled 'Blockchain Regs: Riding the Rollercoaster of Change' industry players and regulators from various countries gathered to discuss the challenges and opportunities that arise in the blockchain sector. This session provides deep insight into how Indonesia and other countries are trying to navigate the regulatory landscape that continues to change amid the rapid development of blockchain technology.

With strong global collaboration and a flexible regulatory approach, it is hoped that blockchain can be successfully integrated into various sectors, paving the way for sustainable economic growth.

Indonesia Blockchain Conference (IBC) itself is dedicated to empowering and exploiting the full potential of blockchain technology both at the local and global levels. This conference aims to encourage supporting regulations, infrastructure development, and a dynamic ecosystem through education, advocacy, and collaboration.

For the first time, the IBC 2024 this time was held offline, inviting industry players, governments and academics to intervene and exchange ideas in developing a better and healthier blockchain ecosystem.

"We believe that Indonesia has great potential to become the center of blockchain innovation in Asia. Our participation in Coinfest 2024 is an important step in supporting a more advanced and secure ecosystem. Through strong collaboration and commitment, we will continue to work with various parties to encourage the adoption of this technology and bring tangible benefits to the people of Indonesia and throughout Asia," concluded Resna.