Telkom Targets Web3 Innovation as a New Digital Business Line

PT Telkom Indonesia (Persero) Tbk. is eyeing Web3 as a new digital business line for the future. This state-owned telecommunications company has initiated various initiatives related to Web3 technology innovation.

 During the Bali Annual Telkom International Conference (Batic 2023) in Nusa Dua, Bali, on Thursday (7/9), Telkom's Director of Digital Business, Fajrin Rasyid, stated that Web3 represents the third generation of World Wide Web innovation.

On this platform, not only can individuals access and interact with fellow users, but they can also create works that become their property.

Web3 offers a range of features, such as decentralization, trustlessness, permissions, AI and Machine Learning, as well as connectivity and ubiquity.

This innovation is made possible by various cutting-edge technologies like blockchain, smart contracts, and digital assets.

"Web 3 offers numerous benefits, one of which is cost reduction for customers. In theory, transactions on this platform will be more economical," he stated during the session titled "Web3's Role in Driving Digital Transformation in the Indo-Pacific."

In his presentation, other benefits of Web3 were highlighted, including enhanced customer security and privacy, promotion of business transparency, and the potential to bridge the physical and digital worlds.

"Web3 is much safer than Web2 and Web1," he emphasized.

So far, Web3 applications have been evident in various innovations, such as crypto assets, the metaverse, decentralized finance, decentralized identity, and non-fungible tokens.

Telkom's Initiatives

Telkom is striving to implement Web3 in various use cases. For instance, MetaNesia is a metaverse platform accessible to anyone, whether through laptops or Android and iOS smartphones.

Fajrin added that MetaNesia has collaborated with several entities, including Bank Mandiri, Bio Farma, and Honda.