Tuesday, October 15, 2019
BCA Brings Blockchain Technology Into Indonesia's Prestigious Digital Economy Market
  SocialTwist Tell-a-Friend  

JAKARTA, Indonesia, Sept. 9, 2019 /PRNewswire/ -- PT Bank Central Asia Tbk (BCA), the largest private bank in Indonesia encourages financial businesses to innovate by adopting the blockchain technology to support digital economy in Indonesia amidst rapid technological revolution.

BCA's initiative to drive the adoption of blockchain technology in Indonesia is very prospective as the country is the third top country with the largest digital markets in Asia, following after China and India.  

In the Southeast Asia Economy report, Google Temasek projected Indonesia's digital economy to reach US$27 billion in 2018. In 2025, it is forecast to rise up to US$100 billion.

Indonesia's digital economy potential is further confirmed with great penetration  number of active internet users. According to the Indonesian Internet Service Providers Association (APJII), at least 65% Indonesian population are connected to the internet.  

BCA holds its annual IT competition dubbed Financial Hackaton (Finhacks) 2019, entering its fourth year in Indonesia to drive the adoption of blockchain technology innovation to support the financial industry.

"BCA Finhacks 2019 #blockchainnovation is the biggest blockhain competition in Southeast Asia and a platform for IT practitioners to collaborate  and  create solutions for the financial sector. Their innovations are expected to connect the nation's digital market into the worldwide digital economy," said BCA Vice President Director Armand W Hartono.

BCA Finhacks 2019 #blockchainnovation rundown is as follows:

  1. Registration
  2. Idea Submission
    Three categories of blockchain implementation:  
    -   Interbank Settlements and Payments
    -   Identity Management
    -  Financial Inclusion
  3. Roadshow in four cities:
    -   Jakarta, August 24th, 2019
    -  Surabaya, August 31st, 2019  
    -   Bali, September 7th, 2019
    -  Yogyakarta, September 14th, 2019
  4. Idea Elimination
  5. Prototype Development
  6. Demo Day

Demo Day will be the final round of the entire event, in which 15 Finalists will be presenting their innovative ideas and demonstrate the prototypes to win a total prize of Rp520 million.

If  clients have an awesome idea about leveraging blockchain technology to support Interbank Settlements and Payments, Identity Management, or Financial Inclusion, it's time  to shine. Register and submit brilliant ideas at https://finhacks.id  

For more information, please contact:
Corporate Secretariat Division  - Corporate Communication Sub Division
Public Relations Bureau

Address: Jl. MH Thamrin No. 1
                            BCA Grand Indonesia Lt. 20
                            Jakarta Pusat
Telephone: (021) 2358-8000
Fax:  (021) 2358-8300
E-mail:  humas@bca.co.id  

More News by PR Newswire India

Building on Local Momentum: Malaysia's Greater Petaling Joins City Cancer Challenge

Shanghai International Money Fair - one of China's largest financial fairs will be held in December

Europe's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network

RGE Commits US$200 Million to Next-Generation Textile Fibre Innovation and Technology

Medisanté Earns Acclaim from Frost & Sullivan for Ensuring Better Care Outcomes while Reducing Costs

INSIDE INFORMATION: BW LPG Contemplated Sale of Shares

School House Crafts Multi-Sensory Journey of Discovery and Re-collection for La Mer Campaign Exhibition

Vevue Partners with CBX Exchange for Initial Auction Offering

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

His Holiness The Dalai Lama Awarded Honorary Doctorate by Chitkara University

Surplus Keslow Cinematography Gear Up For Auction

Libyan Investment Authority Loses Claim in the UK Court of Appeal - London

Artificial Intelligence for Risk Management Process by MovingNow

Maruti Suzuki Arena Devils Circuit Season 2019-20 Draws Over 6K Runners in Hyderabad

Quectel Achieves Industry's First 5G Data Call over 5G mmWave Module

Artprice by Artmarket: The Gagosian's Grand Projects for the Late Simon Hantaï (1922-2008)

Ryan International Group of Schools Receive India's Most Respected Brand Award 2019

JD Institute Of Fashion Technology, South Announced its New Domain

VeChain Is Leading Co-sponsor of GDST Seafood Trackathons

The World's Largest Automakers, Along with MOBI, Announce a Joint Proof of Concept for the First Vehicle Identity on Blockchain

Indiannica Learning Announces the Launch of Indiannica Quiz League

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

Telangana: Three members appointed to Te...
Amarinder hails decision to release 5 Pu...
SC seeks status report on stubble burnin...
US Navy submarine support ship arrives i...
UP govt suspends Maharajganj DM, five ot...
Delhi cabinet nod for new skill, entrepr...
 Top Stories
Indian economy in 'tailspin' warns ... 
Trump threatens Turkey with sanctio... 
Angelina Jolie learned how to be 'g... 
Kiwi all-rounder Jimmy Neesham mock... 
Statues of Christopher Columbus van... 
UN condemns deadly airstrike in Lib... 
Kiren Rijiju remembers APJ Abdul Ka... 
Hazy morning in Delhi-NCR, air qual...