Indonesian Farmers go Blockchain with Hara and SingularityNET

Indonesian Farmers go Blockchain with Hara and SingularityNET

Netherlands based artificial intelligence company SingularityNET and Singapore agriculture firm HARA announced a joint venture to bring Blockchain to farmers in Indonesia according to press releases published by both companies.

The venture will provide Indonesian farmers with a blockchain powered platform to get more accurate and efficient data about grain price, land ownership, soil quality, and so on.

“In Indonesia,” Arif Khan, SingularityNET VP Of Marketing and Partnerships, says, “family-owned farms represent the core of the country’s economy, but that is not reflected in the distribution of wealth. This partnership will help change that, and as a native of the ASEAN region, we could not be prouder to see a leading player like HARA tackle this challenge head-on.”

According to the press release published by HARA, SingularityNET will help HARA to speed up the development of solutions that will increase life quality to farmers. “We look forward to working together and create a real social impact for the people that need it most!”

On the other hand, SingulatiryNET calls the agreement “new solution to an old problem,” the absence of data in impactful sectors.

SingularityNET highlights that “Indonesia is a country heavily centered around its agriculture and rice farming in particular. Communities are built around the agricultural activity of the country, and small family-owned farms constitute the lungs of the country’s economy.”

“The distribution of wealth, however,” continues the press release, “reaches the country’s farmers only to provide a bare minimum of the wealth they contribute to.”

The project aims to create avenues and bridges of data interaction between individuals and larger markets, including vendors and consumers.

Both companies are focused on the democratisation of the access to efficient AI tools and quality data.

“The result of which will be to grant access to large swaths of primary data, refined data, and near real-time data. This variety in the first-hand distribution of data will be invaluable to machine learning and will allow our team, and actors within the SingularityNET ecosystem, to access high quality and volumes of information that fine-tune their AI systems.”

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

ChangeNOW,Decentralised,Fraud

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021
ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021
eToro,Investment,Trading

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021
Binance,Bitcoin,token

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021
Blockchain,Casino,Ethereum

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Meanwhile, we invite you to check out other Bitcoin casinos from our […]

12 August, 2021
Binance,Casino,Cryptocurrency

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021
Binance,Bitcoin,SEPA

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021