Indomobil & Space and Time Pilot Onchain Education for 50K
Indomobil Group and blockchain startup Space and Time have launched an onchain education pilot on SXT Chain, enabling 50,000 Indonesian students to verify credentials and pay for courses with SXT’s native token. The initiative taps into Indonesia’s large crypto user base and high smartphone penetration, addressing its status as the fourth-largest unbanked population by streamlining payments, reducing intermediaries, and enhancing transparency. President Director Jusak Kertowidjojo says the solution reduces friction for students and families, offering transparent records of payments and qualifications. If successful, the onchain education project could expand to millions of learners and add a new social-good use case to Space and Time’s ZK-proven data blockchain.
Neutral
Although the pilot signals growing blockchain adoption and could boost demand for SXT tokens, the initiative covers a limited cohort and focuses on education infrastructure rather than financial markets. Past enterprise and social-good blockchain projects have typically had a neutral short-term price impact, as mainstream speculation centers on DeFi and trading volumes. In the long term, successful implementation could support steady SXT token demand, but broader market volatility is unlikely to shift significantly. Therefore, the market impact is expected to remain neutral.