Indonesian Farmers go Blockchain with Hara and SingularityNET

Indonesian Farmers go Blockchain with Hara and SingularityNET

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

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.”

Recently Similar News

Latest Guides

Latest News

Changelly,Cryptocurrency,Trading

Changelly Helps Users Discover Where They Can Store Polkadot (DOT) Tokens

The Changelly blog has written an article helping their users determine the best places for them to store their DOT tokens. Changelly, the online cryptocurrency exchange, has created a new blog post to help users figure out where the best place to store their Polkadot (DOT) tokens. Polkadot (DOT) was created  by one of Ethereum’s […]

19 October, 2020
BitPanda,Cryptocurrency,Trading

BitPanda Announced the Launch of Their Own Cryptocurrency Index

BitPanda, the online cryptocurrency exchange, is launching what they call the first “real” cryptocurrency index. BitPanda, the large online cryptocurrency exchange platform, is launching what they say is the first “real” crypto index, which will be available on the BitPanda platform. BitPanda’s cryptocurrency index is very easy for its users to use and is completely […]

19 October, 2020
Binance,Bitcoin,Blockchain,Cryptocurrency

Binance Announced Two New Launchpad Project Partnerships This Week

Binance, the largest online cryptocurrency trading platform, is adding two new projects to the Binance Launchpad for user funding. Binance, the world’s biggest cryptocurrency exchange, is launching their first joint token offering from Binance Launchpad and Binance Launchpool, and is also releasing an additional Launchpool token. In their weekly report, Binance highlights other key factors […]

19 October, 2020
Bitcoin,Investment,Trading

Publicly Traded Companies Now Own $6.7 Billion Worth of Bitcoin

Some of the largest companies in the world are now starting to buy and hold Bitcoin, with over $6.7 billion in total Bitcoin owned amongst publicly traded companies. Companies such as MicroStrategy and Square have been in the news lately for their large acquisitions of Bitcoin ranging from 50 to 100’s of millions of dollars […]

19 October, 2020
Cryptocurrency

Kraken Announces Integration of Filecoin (FIL) Trading on Their Exchange

Kraken, one of the largest online cryptocurrency exchanges, is launching trading for Filecoin starting on October 15th. Kraken, the online cryptocurrency exchange, has announced their latest exchange addition with the ability for their users to start trading Filecoin (FIL) starting on October 15th. This is a mainnet listing, not a recent addition, meaning that trading […]

19 October, 2020
Bitcoin,Blockchain,Cryptocurrency

What is the Intrinsic Value Of Bitcoin? Kraken Intelligence Explores

Kraken Intelligence, the research arm of the Kraken cryptocurrency exchange, tries to identify the intrinsic value of Bitcoin. Many people question what the intrinsic value of Bitcoin is, and Kraken Intelligence, the intelligence wing of the Kraken crypto exchange, works on answering this question. Although it is hard to precisely define the entire intrinsic value […]

19 October, 2020
Binance,Bitcoin,Cryptocurrency

Binance Partners With Alpha Finance Lab to Give Away $3,000 in ALPHA

Binance, the largest online cryptocurrency exchange platform, has partnered with ALPHA to giveaway $3,000 of their native token via lottery numbers. Binance, the worlds largest online cryptocurrency exchange, has partnered with Alpha Finance Labs to give away $3,000 worth of ALPHA during their token sale taking place on Binance Launchpad.  All you have to do […]

19 October, 2020
Blockchain,CoinMarketCap

CoinMarketCap Launches CoinMarketCap Earn Campaign With Terra Money

CoinMarketCap, the largest online cryptocurrency market capitalization aggregator, is partnering with Terra Money to give away some of their native tokens through an earn campaign. CoinMarketCap, the world’s largest crypto market cap aggregator, is launching their latest earn campaign with Terra Money in order to give tokens to users who learn about the platform. Users […]

9 October, 2020