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.
— Pundi X Official Account (Pls do not send ETH) (@PundiXLabs) November 8, 2018
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.