Aleph Zero team will join Trescon World Blockchain Summit on 18-19 March 2020 in Jakarta, Indonesia and on 23-24 March 2020 in Kuala Lumpur, Malaysia.
In recent years, we could see that some countries united in ASEAN have identified blockchain as the technology that can drive the desired growth.
ASEAN (Association of South-East Asian Nations) is an organization that gathers 10 countries to enhance their economic, social, and cultural growth, as well as to promote peace and stability in the region.
Blockchain in Indonesia
You could say that after setting up a ban on cryptocurrency trading on January 1st, 2018, it could seem like Indonesia is against blockchain. You couldn’t be more wrong. Yes, the officials are not fond of digital assets trading and other digital assets at the moment but they do promote blockchain development as the technology that will become the foundation of an innovation-driven ecosystem.
Right now, a legal framework is being created that will allow digital asset futures to operate. Bitcoin and other cryptocurrencies will be classified as trading commodities in Indonesia.
As a leader of ASEAN, the Indonesian government has formed a multi-million dollar partnership with PLMP Fintech from Singapore to improve the logistics industry with—you guessed it— blockchain. This initiative is set to standardize blockchain protocols for commercial entity communication and trading agricultural commodities.
Also, did you know that Indonesia is the 4th largest traffic source on many crypto exchanges? Indonesians—both the public officials as well as the citizens of this beautiful country—seem to be extremely interested in decentralization and Distributed Ledger Technologies
The forecast says that by 2025, only five years from now, Indonesia’s digital economy will reach USD $130 billion, making the country a regional leader in digital development.
Blockchain in Malaysia
As Malaysia was one of the founding members of ASEAN, it’s also at the forefront of blockchain initiatives in Southeast Asia. Malaysia’s government showed its initial interest in the technology way back in 2015, when the Securities Commission and Bank Negara Malaysia have taken key roles in developing the country’s financial system with fintech.
The efforts have increased in 2019 with initiatives of local blockchain communities and government officials and agencies. They began exploring blockchain technology with various Proof of Concepts for blockchain in transportation and energy and proposed regulatory frameworks.
Malaysia’s National Entrepreneurship Policy 2030 sets to create and develop an ecosystem that would be driven by innovation and, as a result, of using the latest technology, it could provide exponential growth in different sectors.
Aleph Zero Aims to Fuel That Growth
When you set out to build a bleeding-edge technology, you want to do it exactly for such a purpose—to reshape the digital economy. We want to mark our presence in the regions that embrace blockchain and support their development in any way we can. Implementing the state-of-the-art blockchain at scale–Aleph Zero—the parties operating in ASEAN could enhance their initiatives with an efficient, environmentally friendly base layer that won’t limit the possible use cases at any point in time. We’re looking forward to new partnerships we can establish in the region.
Aleph Zero will be present at two Trescon World Blockchain Summit events this quarter. On 18th and 19th of March we’ll join the venue in Jakarta. From there, we’ll fly (and offset our carbon footprint, of course) to Kuala Lumpur to attend the conference that takes place between the 23rd and 24th of March.
If you’re also planning to be in the ASEAN region at that time, let’s meet!