Introducing Mandala Chain, The Polkadot L1 Targets 10M+ New Wallets in Indonesia
Mandala Chain, a Polkadot parachain that seamlessly integrates government and enterprise applications with public and retail sectors, has released details on their initial partnerships and use cases. The inaugural use case, IDCHAIN, is in collaboration with theoverseeing Indonesia’s top-level .id web domain. This initiative aims to introduce over 10 million new wallets, significantly impacting digital identification in Indonesia.
The implications of this are profound. Indonesia’s second-level domains .go.id and .co.id currently have over 100M active unique users. IDCHAIN turns these second-level domains into web3-enabled portals that prompt users to create their digital ID when interacting. Applications include banking, healthcare, insurance, and academic institutions - revolutionizing multiple economic sectors across SE Asia.
IDCHAIN forms a crucial data infrastructure layer for Mandala Chain that will support a host of new use cases. Several pilot projects have already been secured that will leverage the technology stack for other DApps and L2s to launch on Mandala Chain. These include:: Working with a major Indonesian gold corp with $500M in gold reserves to explore tokenization options, onboarding approximately 300,000 new users.
The Indonesian government has prioritized blockchain as a core infrastructure in its Digital Vision 2045 framework. With an average age of under 30 years, Indonesia has a young, tech-savvy population likely to adopt blockchain technology. Mandala Chain is positioned to be at the forefront of this explosion in blockchain adoption.Mandala Chain secured a Polkadot Parachain in April 2024 with over $1.2M bonded by the public at the time of auction.
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