"The progress of world technology can not be dammed as the progress of the times"
Therefore, President of Indonesia, Jokowi realize the importance of readiness of Indonesian society to face technological progress. This is so as not to be left behind with other countries.
In the context of virtual money, for example, the presence of Steem, Steem Dollar, Bitcoin, Ethereum and other digital money has not been regulated by Bank Indonesia. But the signal that Indonesia should be ready has begun to appear.
Signals are similar to Jokowi's assertions about technological developments that should be welcomed as a new era of technology. If not then Indonesia will be left behind from other communities in the world.
Presidential response is not excessive, let alone Jokowi has discussed about revolution 4.0 that need to be overcome with the ability of computerization and analysis of data that can.
Then managed to bring a new breakthrough that has never happened before. Moreover, Jokowi said, the latest technology blockchain and crytocurrency as a non-central currency that is currently the attention of many people.
Later, the former governor of Jakarta also said that science and technology are developing very fast, changing very fast and we can not isolate ourselves from those developments.
All the messages of President Jokowi about it, he conveyed in front of the academic community of University of Indonesia in the UI Dies Natalis event at UI Campus, Depok, Friday 2 February 2018.
This is a form of presidential support for new technology that is being busy discussed by the people of Indonesia. Even many countries have shown an interest in blockchain technology.
In fact, it is very likely that Indonesia will take similar steps to create its own cryptocurrency such as Bitcoin and other virtual currencies.
Bank Indonesia
Welcoming the president's idea, perhaps Bank Indonesia as the owner of the domestic financial authority, needs to immediately assess its progress.
Even quoted from situsfintech.com, Bank Indonesia gave the idea to start using blockchain technology to monitor the circulation of the rupiah and convert it into digital form.
Through Deputy Assistant Deputy Executive Director of the Bank Indonesia Payment System Department, Susiati Dewi explained, in addition to the use of more efficient digital money can also reduce the use of physical money. Trials will be conducted this year.
In addition, according to Susi, digital money can prevent counterfeiting rupiah. This can certainly cut the criminal rate of counterfeiters of money.
Public ledger system aka blockchain can also be seen clearly, as did by Stellar. As a cryptocurrency provider they record all the currency transactions they distribute.
This move, he added, has long been blowing at Bank Indonesia. But there are still some risks that must be studied then need to be considered carefully.
Even some banks such as Bank Central Asia, Bank Mandiri, Bank Negara Indonesia, Bank Permata and Bank Rakyat Indonesia are said to adopt a blockchain system.
Hopefully Indonesia can answer the progress of world technological progress.
Source Image: https://atozforex.com/news/top-10-cryptocurrency-2017/