The Bharat Web3 Association Expands Global Reach with New Partnerships
The Bharat Web3 Association (BWA), India’s leading non-governmental advisory group for Web3, has taken a significant step towards global expansion by signing Memoranda of Understanding (MoUs) with Australia and Indonesia. This collaboration aims to unite global Web3 efforts and enhance the ecosystem’s growth.
BWA Chairperson Dilip Chenoy emphasized that these MoUs represent a milestone in fostering a cohesive global Web3 landscape. The organization believes that the regulatory frameworks and policies established by international bodies to foster the safe and regulated growth of the Web3 sector could also benefit India’s blockchain industry.
Through these partnerships, India, Australia, and Indonesia will collaborate on key Web3 areas such as research, education, and advocacy. The broader goal is to accelerate the adoption of blockchain-based solutions across multiple countries.
In Australia, the BWA signed an MoU with the Digital Economy Council of Australia (DECA), formerly known as Blockchain Australia. DECA spokesperson said, “Recognising the growth and potential of this technology within India and Australia through fostering opportunities between our members, we hope to see the industry continue to flourish across borders.”
In Indonesia, the BWA formed a partnership with the Asosiasi Blockchain Indonesia, a non-profit organization dedicated to advancing the adoption and development of blockchain technology in the region. Executive Director Asih Karnengsih commented, “We view our partnership with the BWA as a vital opportunity to collaboratively enhance cross-border blockchain adoption.”
Prior to signing these MoUs, the BWA had teamed up with the Japan ANICANA Dealers Association (JADA) to collaborate on the growth of Web3 services. In India, the BWA has urged the finance minister Nirmala Sitharaman to provide a level playing field for Web3 businesses.
The BWA’s international partnerships are a significant step towards promoting the growth and adoption of Web3 technologies. By collaborating with organizations in different regions, the BWA aims to create a cohesive global Web3 landscape and accelerate the adoption of blockchain-based solutions.
