Startup offers Blockchain Infrastructure Solutions for the Financial Industry

Overview

• Blockchain infrastructure offered by PT Digital Artha Media can be tailored to the needs of clients, such as for financial institutions that have electronic money products.
• Blockchain solution is claimed to have a number of advantages over the centralized Server Network, because it can minimize the risk of data manipulation due to hackers.

PT Digital Artha Media (DAM Corp.) as a fintech service provider company has presented a white blockchain label solution for those engaged in the financial sector. This solution can be implemented by parties who have digital financial products such as e-money.

According to Fanny Verona as Managing Director of DAM Corp., this additional solution is due to the huge need for decentralized data processing. This approach is believed to improve data efficiency and transparency in the digital age.

• Benefits of blockchain

Blockchain is a technology that underlies data warehouses regardless of centralized servers, resulting in minimal downtime risk. The blockchain system changed the centralized approach to being decentralized.

When one server is hacked, the affected server can be ignored because it has data that is different from other server servers in the network. This is one of the advantages of its creator because of information.

• Application of blockchain for electronic money

In applying it, Fanny explains that e-money data using blockchain will be difficult to be hacked by outsiders. Because to change the balance data of one e-money user, then the hacker must manipulate all the servers scattered simultaneously.

Fanny sees enormous potential for banks and other businesses in the development of technology that can be used for the purposes of activities to be faster, efficient and secure.

The right blockchain technology for the fintech industry is plentiful and still uses manual and rigid systems. This technological breakthrough is also believed to be effective to encourage the realization of transaction data security and accuracy, so that financial product providers do not have to worry about it.

• Central bank put interest in blockchain

The Blockchain System also Middle Indonesia studied Subscribe to the possibility of Bank Issuance of the Bank's central digital currency. Unlike other crypocurrency currencies, the central bank will remain a responsible authority with the rupiah, such as the current rupiah.

Head of Bank Indonesia Payment System Policy Department, Onny Widjanarko, took two years to study blockchain. It prioritizes prudence and thoroughness so that no problems in the future.