Blockchain And Crypto Are Future Pillars

Illustration. (Photo: Doc. Antara)

JAKARTA - Technological developments have significantly changed the landscape of Information Technology (IT) and the field of business expertise. Innovations such as artificial intelligence (AI), robotics, and big data change fundamentals of how companies operate and innovate. IT technology is a crucial element in data management and information systems, while businesses and the financial sector must integrate this technology to maintain competitiveness in increasingly connected global markets.

Oscar Darmawan, CEO of INDODAX, stressed that in this digital era, the Department of Information Technology (IT) played a crucial role in the company. However, the field and business expertise cannot be replaced by artificial intelligence (AI).

"The emergence of technology such as big data, blockchain, and crypto in the financial sector further emphasizes the importance of increasing skills and sustainable learning," Oscar explained when speaking at the INDODAX Goes to Campus event at STIKOM, Bali, quoted Friday, June 28.

Blockchain technology, especially in the form of crypto assets, has brought major changes in the way transactions and finance are carried out. According to the latest data from the Financial Services Authority (OJK), the value of crypto transactions in Indonesia has reached more than IDR 211.1 trillion in 2024, up 328.63 percent compared to 2023.

This growth shows an increasing interest in blockchain technology. In the financial industry, blockchain technology has paved the way for the concept of decentralized finance (DeFi).

DeFi allows financial services such as loans and non-traditional intermediaries investments. Data from DeFi Pulse shows that the total value locked (TVL) in the DeFi app has reached more than 100 billion US dollars by 2024.

This proves how this technology revolutionizes the way we manage and interact with money. Blockchain technology also makes a significant contribution to economic growth. This demonstrates the high trust and commitment of various industrial sectors to the potential of blockchain technology in creating new economic value.

The Indonesian government has shown strong support for the development of this technology through various initiatives and regulations that support innovation in the financial technology sector.

Tirta Karma Senjaya from the Commodity Futures Trading Supervisory Agency (BAPPEBTI) emphasized the importance of appropriate regulations to manage the development of blockchain and crypto technology in Indonesia.

"Now the government must also continue to develop and regulate blockchain. Especially now that the OJK will also regulate crypto. Later this technology can be integrated into BPJS, insurance, and so on," said Tirta.

He added that good regulations will help reduce risks and increase public confidence in new innovations in digital finance. This great opportunity is open to anyone who wants to get to know blockchain and crypto.

In Indonesia, INDODAX is a exchange platform that provides free educational facilities through social media. Anyone can access Indodax Academy via YouTube, websites, and other social media to learn about blockchain and crypto from scratch to expertise.