Pundi X and HARA to Bring Blockchain to Agriculture Farming to Increase Productivity in Indonesia

Pundi X, a firm specializing in blockchain-based solutions, has joined hands with HARA, an Indonesian-based company that seeks to disrupt the global agriculture industry, in a bid to implement blockchain-based point of sales (POS) devices to farmers. Jointly, the two aim to facilitate financial inclusion as well as data collection.

Speaking about the collaboration, the co-founder and President of Pundi X, Constantin Papadimitriou, said that:

“A founding aim of Pundi X was to bring the benefits of blockchain technology and digital payments to the unbanked and to promote financial inclusion and independence…We are proud that the Pundi X POS will soon be rolled out among HARA's already-impressive 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”.

On the other hand, the co-founder and CEO of HARA Regi Wahyu had the following to say about what its firm will offer and the partnership with Pundi X in general:

“HARA has dedicated itself to connecting the missing pieces in global agriculture for the benefit of everyone involved in the supply chain. The data we are already collecting from farmers brings benefits to transportation, to consumers, to commercial interests and to governments….The addition of the Pundi X POS to our ecosystem allows us to connect another missing link, which is the processing of digital payments for the large unbanked populations in global agriculture we're aiming to serve”.

What HARA Brings to the Table

With rich experience in the agricultural sector, HARA knows the ins and outs of the industry when it comes to real-time data collection and market boost for farmers. It has worked with NGOs, farmers and other partners to provide crucial data on market, ecological and crop conditions.

With the support of Indonesian regional authorities, HARA has managed to collect data from around 10,000 farmers across the country.

Although this project has started in Indonesia, HARA expects to expand, targeting other agricultural markets, which include East Africa, Latin America, and South and South East Asia.

Also worth noting is that HARA is currently planning to launch an Initial Token Sale, which will be held through the Liquid ICO Market and Tokenomy. According to the company, it will run from November 13 to November 30, 2018.

What Pundi X Offers

On the other hand, Pundi X will offer a point of sales device that will even enable farmers and all the involved parties to transact in digital currencies. Through their blockchain-based technology, farmers will now be able to easily collect their incentives in crypto and exchange them for fiat if they so with.

The XPOS, which is the device that Pundi X is expected to deploy, will first be made available in the Indonesian market, more so the villages, in a ratio of 1 device: 200 farmers.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

James W
James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Goldman Sachs’ Lazy Bitcoin Assessment is Embarrassing

Crypto community has been eagerly awaiting Goldman Sachs’ client call today in which they were to discuss bitcoin. But it all turned out to be...

Crypto Derivatives Exchange ErisX, Opens API Service for BCH, BTC, ETH, and LTC Block Trading

ErisX REST API will now grant registered clients access to their Block Trade platform. This will be a reserve for the Institutional investors...

Polkadot’s Chain Candidate Goes Live in Anticipation for the Proof of Stake (PoS) Version

Polkadot's initial mainnet has been launched by Web3 Foundation and Parity Technologies according to a blog post on May 26. This much anticipated sharding...

Bitfury Announces Bitcoin Mining Investment Program For Institutional Clients

Bitfury, one of the oldest Bitcoin mining firms established back in 2011, has announced a Bitcoin mining investment program for institutional investors on May...

7 Bullish Ethereum Charts that says Ether is “Significantly Undervalued”

The price of Ether might still be struggling around $200 but its fundamentals are screaming bullish. Post Black Thursday sell off, Ether has been seeing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today