Tokocrypto Encourages Crypto Asset Education Through "TokoScholars" Initiative

Utilization of technology blockchain increasingly familiar, no doubt creates a bigger market. However, the understanding of this technology and its derivatives is still relatively low among the people of Indonesia. Tokocrypto, a platform marketplace crypto assets, spawning new initiatives in providing education related to ecosystems blockchain which is named "TokoScholars".

The initiative started from a project that provided benefits to students who succeeded in inviting other students to join an activity referral. Along with the development of the Tokocrypto ecosystem, this initiative was deemed necessary to be appointed as a separate program for pure education that provides structured and appropriate content outside hyping coin price in the market.

Interest in investing in crypto assets in Indonesia has also proven to be increasing. Based on data from CoFTRA, the number of crypto investors as of February 2022 has crossed the 12,4 million mark. From January to February 2022, the total transaction value of crypto assets has reached Rp 83,88 trillion.

Lead of TokoScholars by Tokocrypto Dimas Surya Al-Faruq revealed that technology blockchain has actually been used in Indonesia since the early generations of its development. However, it is still focused on financial transaction applications.

"In fact, the potential can be to help other sectors in Indonesia that are still lagging behind, such as agriculture and health. In-depth research is needed to develop blockchain and crypto assets in Indonesia," said Dimas.

Inclusive crypto asset education

TokoScholars has started to become the parent of every Tokocrypto initiative related to education since the end of 2021. Starting from collaboration with various parties to support education on crypto assets, the Cryptoversity application, to TokoVerse, the presence of TokoScholars is expected to be the main channel for the community to fully learn about blockchain and crypto assets.

Recently, Tokocrypto through TokoScholars launched a crypto asset research funding program and blockchain in Indonesia called "Tokocrypto Researcher Grants". This research funding program is open to Indonesian people with a minimum of education and currently running a master's degree program.

In a short interview with DailySocial.id, Dimas also revealed that one of the reasons for holding the Tokocrypto Researcher Grants program is that research development in Indonesia itself is still low, especially in the crypto field. Tokocrypto as an industry driver wants to encourage this development.

"One of TokoScholars' main goals is to bring research and innovation to crypto assets and blockchain at a level that is accessible to all levels of society or inclusive. Therefore, of course, roles and collaborations are needed with various parties to improve and optimize the field of research in Indonesia," added Dimas.

For research proposals that are registered, they are required to be able to provide benefits to the crypto ecosystem in Indonesia and Tokocrypto. Some of the proposed topics include below:

1. Strengths and weaknesses of Indonesian crypto exchanges: a comparison study of Indonesian crypto exchanges.
2. What kind of crypto products do Indonesians need from Tokocrypto?
3. Tax and Regulation study of crypto assets in Indonesia: The impact of the new tax law and strengthened regulation on the crypto market in Tokocrypto exchanges.

"I see Indonesia as an extraordinary market for crypto asset development. But the reality is that in the market many people still don't understand the fundamentals of this technology. This is where Tokocrypto wants to bridge those who are interested in this industry through pure and thorough education regarding blockchain and crypto assets , said Dimas.

In this inaugural program, Tokocrypto provides funds of Rp. 100 million for the two best selected studies. Of course, Tokocrypto will facilitate data related needs or discussions with experts in their ecosystem. Regarding the disbursed funds, his party did not provide further information about who was involved.

Dimas also revealed that one of the reasons why many people have the wrong view and even fall for crypto assets is the amount of viral information that focuses on instant profits without an understanding of the basis of this asset. Therefore, through TokoScholars, he hopes that this can be an inclusive educational program related to the world of blockchain and crypto assets.

From a business perspective, Dimas has not been able to share many things, but his team is currently working hard to develop each initiative. We have seen the trend going forward that crypto assets will be widely used as alternative assets. According to data from the Indonesian Ministry of Trade, blockchain technology is in tandem with 5G, Internet of Things (IoT), artificial intelligence, and cloud computing can push Indonesia's digital economy to accelerate to Rp4.531 trillion by 2030.

In addition to providing research funding, for the purpose of increasing market growth and crypto literacy in Indonesia, TokoScholars has also collaborated with the Merdeka Campus program to accommodate capacity building initiatives and on-the-job training for Indonesian students.

TokoScholars also collaborates with various universities in Indonesia, such as Telkom University and Gadjah Mada University (UGM) to establish an innovation center blockchain and crypto assets, as well as recently held, the signing of the MoU in collaboration with the Vocational Faculty of the Christian University of Indonesia to build a blockchain ecosystem in the campus environment by presenting the Crypto Corner.