Sponsored and organized by Mandala Chain, the Bali Blockchain Summit brought together government officials, technology experts, and business leaders to discuss strategies to boost blockchain use, not only in Indonesia but also in other emerging markets.
Indonesia has set out to become a leader in the digital economy by focusing heavily on blockchain technology. Under its ambitious “Golden Indonesia Vision 2045,” the country is integrating five key technologies – artificial intelligence, IoT, metaverse, quantum computing, and blockchain – into its economy and everyday life.
Blockchain will play a pivotal role, promising to improve transparency, security and efficiency in the public and private sectors.
Denpasar Mayor Gusti Ngurah Jaya Negara kicked things off by saying that blockchain technology will be a game-changer in transparency and fairness. “Blockchain technology will boost Indonesia’s prosperity by improving transparency and efficiency for the benefit of the public good,” he said.
Throughout the day, speakers highlighted the practical uses of blockchain, from land registration and public health records to product authentication. Mandala Chain also announced plans to integrate its IDCHAIN solution with government agencies to onboard over 10 million users in collaboration with PANDI, the official registry for “.ID” domains.
Mandala Chain is also partnering with local governments to test decentralized identity systems in banking, healthcare, and smart city projects.
The company, in partnership with Polkadot and KILT Protocol, is working to expand blockchain infrastructure beyond Indonesia, with an increased focus on emerging markets. The goal is to use Polkadot’s scalable technology and KILT’s digital identity solutions to build a framework for these fast-growing regions.
The summit also comes shortly after Polkadot published a detailed guide on the funding options available to projects and individuals at various stages of development. The guide includes venture capital, ecosystem-wide grants, specialized development grants, community-driven funding initiatives, project-specific grants, and bounties.
The guide also outlines opportunities ranging from small grants to multi-million dollar funds, focusing on areas such as DeFi, gaming and infrastructure.
