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Jakarta Post

Local adoption of blockchain in logistics lags

  • Norman Harsono

    The Jakarta Post

Jakarta   /   Thu, August 1 2019   /  01:50 am

While news of an international blockchain summit in Jakarta has brought a sense of optimism, the adoption of blockchain technology in the country’s logistics sector is still very far from a reality, industry players and officials have said.One of the reasons for this is that the country lacks blockchain standards.“For domestic [logistics activity], I think Indonesia faces a huge barrier to implement blockchain in that the country doesn’t have blockchain standards [when] the main requirement for blockchain is standardized data and processes,” Indonesia Logistics Association chairman Zaldy Ilham Masita told The Jakarta Post in a text message.He said such technology was better regulated in the financial sector, particularly in the payments and banking industries, which explained why financial institutions such as private lender BCA had adopted blockchain technology faster than ...