Singaporean Pundi X works with HARA to bring blockchain to farming
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Singaporean blockchain-based tech provider Pundi X has announced partnership with HARA, the fellow Indonesian company that focuses on changing the agriculture using data. Both companies will release blockchain-based point of sales (POS) devices to farmers to help with data collection and to reach financial inclusion. Also Read: Indonesia to launch startup database as reference for digital industry development It will also seek to promote financial inclusion among farmers who can use the blockchain-based POS independently of financial institutions.

With its technology, HARA collects data from across the agricultural and food value chain in developing markets to boost productivity, profits, and livelihoods for farmers and employees, all in real time. This helps farmers, NGOs, and other on-the-ground partners to provide data on ecological, crop, and market conditions for an incentive exchange in a form of HARA Tokens, that these people can monetise. HARA claimed to have collected agricultural data from roughly 10,000 farmers across Indonesia.

“We are proud that the Pundi X POS will soon be rolled out among HARA’s network of farming partners and can help facilitate their plans to better such a significant sector of the world economy and the lives of the hundreds of millions of people who depend upon it,” said Constantin Papadimitriou, the President and co-founder of Pundi X. “The addition of the Pundi X POS to our ecosystem allows us to provide the important missing piece of digital payments processing for the large unbanked populations we’re aiming to serve,” said Regi Wahyu, the CEO and co-founder of HARA. With HARA’s approach, financial inclusion is possible because there’s a guarantee of a valid farmers’ data, thus making the process for the banks easier. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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