It is reported that Indonesia’s Ministry of Law is developing a policy to allow intellectual property (IP) certificates to be used as collateral for bank loans, aiming to provide creators with new financing avenues and strengthen the creative economy. This initiative seeks to recognize creative works—such as music, films, writing, and design—as intangible assets with measurable economic value, transforming them into legitimate capital. To support this, the Directorate General of Intellectual Property (DJKI) will digitalize the copyright registration process, enabling certificates to be issued in under two minutes. Additionally, the policy addresses the challenges posed by AI in the creative industries by ensuring fair compensation for creators, particularly in journalism, where AI models often use content without consent or remuneration. Minister of Law Supratman Andi Agtas introduced the “Jakarta Protocol,” a multi-sector initiative aimed at protecting and utilizing digital works within the global online ecosystem, advocating for fairer royalty distribution for creators from developing countries.
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