Asosiasi Blockchain Indonesia (ABI) has officially announced a strategic collaboration with Tiger Research, a prominent firm specializing in Web3 business development and research throughout Asia. The formalization of this significant partnership took place through the signing of a Memorandum of Understanding (MoU) on November 3, 2023.
Advancing Indonesia’s Blockchain and Web3 Ecosystem
This alliance marks a substantial leap forward in the progression and research of the Indonesian blockchain and Web3 market. ABI, with its impressive roster of over 70 esteemed members, includes notable players in the crypto industry such as Reku, Indodax, Pintu, blockchain solution providers, Web3 gaming companies, and key public institutions as strategic collaborators. Their shared dedication to nurturing the blockchain and Web3 ecosystem in Indonesia forms the bedrock of this collaboration.
A Pioneering Partnership for the Growth of Blockchain and Web3 Technology
The MoU lays the groundwork for a comprehensive joint research initiative that centers on blockchain technology and the ever-evolving Web3 market. The valuable research findings generated by Tiger Research will be thoughtfully disseminated through ABI’s expansive network and advocacy channels, ensuring that this knowledge reaches both the Indonesian market and a global audience. Asih Karnengsih, Executive Director of ABI, expressed her enthusiasm, noting, “We are brimming with anticipation as we embark on this journey with Tiger Research. This MoU signifies a significant stride in the promotion of blockchain and Web3 technologies in Indonesia. We hold the belief that this partnership will usher in new avenues for growth and innovation, and we eagerly anticipate a future where our collective endeavors contribute to the continuous development of the Indonesian blockchain ecosystem.”
Indonesia’s Fertile Ground for Web3 Expansion
Indonesia, with a population exceeding 270 million and a median age of 30, offers an ideal environment for the expansion of Web3 technologies. These demographics, combined with business-friendly policies, underscore Indonesia’s substantial potential in the Southeast Asian market. According to Tiger Research, the number of investors registered with Indonesian crypto exchanges closely rivals that of the Indonesian stock market, underscoring the nation’s robust engagement in crypto asset investments.
Daniel Kim, CEO of Tiger Research, shared his viewpoint on this partnership, stating, “Indonesia stands out as the most rapidly growing blockchain market in Southeast Asia. Distinguishing itself from other Asian nations, Indonesia’s government support and a clear regulatory framework create a conducive environment for Web3 businesses. This collaboration will amplify our insights and expand our network within the Indonesian market.” ABI and Tiger Research view this collaboration as a momentous milestone in their ongoing efforts to bolster Indonesia’s position in the Web3 landscape, with the belief that it will exert a far-reaching, positive influence on the advancement of the blockchain market in the region.
