Collaborating with Nusa, INDODAX, one of the leading crypto trading platforms in Indonesia announced the launch of the INDODAX Short Film Festival 2023 (ISFF) with an innovative touch of NFT technology.

To integrate blockchain technology in everyday life, ISFF will utilize NFT (Non-Fungible Token) for the winner calculation/voting process. INDODAX CEO Oscar Darmawan explained that blockchain technology has much bigger potential and not only for the financial industry.

“We want to prove that blockchain technology can be used as a basis for calculating winners. We will give 100 NFT coupons for free for participants to vote at ISFF,” said Oscar.

“By using NFT, it can be ensured that the distribution of voting rights is distributed evenly and fairly. Then we can also monitor whether the voting rights are actually being used personally or through other people. NFT also allows organizers to view the transaction history of each NFT,” said Oscar. Apart from that, Oscar also explained that the use of NFT technology can reduce and even prevent the potential for fraud.

“The NFT system only allows one vote per NFT, eliminating the possibility of forgery or double counting. Because of this, NFTs can help prevent and reduce the potential for fraud,” continued Oscar.

Wildan Ramadhan, CEO of Nusa, said that NFT technology innovations can be developed for various needs in everyday life. “Not only do they represent unique digital art, NFTs can also be used in other sectors that require authentic, transparent and trustworthy digital representation, such as a representation of votes in the voting process,” said Wildan

Reference:

Yessy Artada