SIX Network Expansion to Indonesia, Brings A Number of Blockchain Products for the Creative Industry

Technology developer blockchain and Smart contract SIX Network today (17/10) announced its expansion to Indonesia. This Thai company will bring a number of its flagship decentralized products, including SIX Digital Asset Wallet, Decentralized Financial Services, and Wallet-to-Wallet (W2W) Decentralized Commerce.

The platform can store digital assets such as cryptocurrencies online and can be sent to other users without intermediaries. SIX Network had previously successfully launched an Initial Coin Offering (ICO) in March 2018 and sold all of its tokens (520.000.000 tokens) to the public in June 2018.

"After Japan and China, we want to introduce products to Indonesia because cryptocurrency has been accepted and is experiencing surprising growth. We hope that by entering Indonesia, we can reach investors who are interested in investing in Indonesia cryptocurrency through our platform," said SIX Network's Co-founder & Co-CEO, Natavudh Pungcharoenpong.

In his statement, SIX Network will also pay attention to the issue of digital asset transactions for creative industry players. Some examples of the problems expressed include high transaction fees, low financial liquidity from intermediaries and creative workers, the inability to modernize digital assets, to the distribution of content with unclear ownership rights.

SIX Network has a SIX Token and SIX Application platform designed to be a business token that solves liquidity problems for the creative industries. The SIX application aims to be more than just a wallet for storing tokens, but will be a complete solution for all needs in digital transactions.

SIX Network also has the SIX Blockchain Startup Fund which aims to accelerate the renewal of the digital economy. The goal of the Blockchain Startup Fund is to be an early stage fund with an incubation program for startup developers and founders, because startups will be important players in this era of the digital revolution.

"As one of the largest internet user countries, some of Indonesia's digital creative industry players are still unable to modernize digital assets. Therefore, we are here to set a global standard on digital assets to store, connect and trade all digital assets in a decentralized manner with technology blockchain," added Natavudh.

SIX Network is a company j between OOKBEE U (one of Tencent's portfolio) and Yello Digital Marketing and Computerlogy, a group of companies based in Thailand and Korea.