Yogyakata, November 19th, 2021
Blockchain is an interesting innovation that is very applicable for digital data storage. This technology is connected through cryptography and can execute transactions more conveniently. Following the development of blockchain, many benefits can be obtained in the present. This current issue needs to be understood further. After successfully holding a webinar series about blockchain, the Master of Science and Doctoral Program FEB UGM held a workshop with the topic “Blockchain in Developing Countries.” This event presents Prof. Nir Kshetri from The University of North Carolina, USA, as the speaker and Prof. Dr. Mamduh M. Hanafi from the Faculty of Economics and Business, Universitas Gadjah Mada, as moderator.
This workshop is the output of the previous webinar series on blockchain, which introduced participants to blockchain implementation in developing countries. The participants were divided into five groups. Each group will be assigned one article to read before the workshop and then presented by representatives of each group during the workshop. There were five case studies regarding the role of blockchain in developing countries, including in terms of cryptocurrency, supply chain management, sustainability, smart contracts, and insurance.
Many insights and understandings were gained from discussions in the workshop. The participants were very enthusiastic in reviewing articles and questions about further matters regarding the application of blockchain to Prof. Non. They gain a general understanding of the potential application of blockchain in helping developing countries. It is hoped that this blockchain technology will continue to develop, thereby adding to its usefulness for developing countries. The event then ended with a closing session and a group photo. (Y)
