Mandala Chain Announces IDCHAIN as Its First Application, Targeting 10 Million New Digital Wallets in Indonesia

This blockchain initiative is based on the Polkadot network, Mandala Chain and it has shared insights about its early collaborations and future applications. The first project, known as IDCHAIN, is being developed in collaboration with the organization that oversees Indonesia's primary .id web domain. This initiative has the potential to introduce over 10 million digital wallets to Indonesian users, fundamentally transforming online identity verification.

IDCHAIN is a software solution developed on Mandala Chain that aims to establish a reliable framework for managing digital identities on the .id domain, enabling users to electronically store their identification documents and engage with online services from government agencies and businesses.

The implications of this technology are substantial. Currently, more than 100 million unique users access websites with second-level domains like .go.id, utilized by Indonesian government entities, and .co.id, used by local businesses and banks. IDCHAIN allows these platforms to act as web3 gateways, prompting users to create their digital identification during interactions. This technology can be applied across various sectors, including banking, healthcare, insurance, and education.

Moreover, IDCHAIN serves as an essential data infrastructure layer for Mandala Chain, facilitating the introduction of additional use cases. Various pilot projects in banking, healthcare, gold tokenization, infrastructure, and product verification will benefit from this technology, paving the way for other decentralized applications (dApps). Layer 2 networks to launch on the Mandala Chain.  

"We strongly believe that the next wave of blockchain adoption will emerge from developing markets through practical applications,\" stated I Gede Putu Rahman Desyanta, Founder of Mandala Chain, in a conversation with Cryptocurrencylistings. \"Our diverse collaborations and projects are making that vision a reality,\" he added.

Mandala Chain Secures a Polkadot Parachain Slot and Prepares for Testnet Launch and Token Generation Event

Mandala Chain is a blockchain initiative designed to bridge interactions between emerging and established global blockchain markets. Indonesia is the pilot country for Mandala Chain, where strategic assets and partnerships will empower the project to expand into wider markets.

Mandala Chain successfully obtained its Polkadot Parachain in April 2024. In this auction, the public contributed over $1.2 million in support of the project. The testnet launch is planned for June 2024, with the Token Generation Event (TGE) expected to roll out Mandala Chain's cryptocurrency in September 2024.