Blockchain in logistics shows promise but local adoption continues to lag – Business

Fibo Quantum

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 BC…