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Crypto POS Maker Pundi X Partners with HARA to Bring Blockchain to Farmers

Pundi X HARA Partnership
Pundi X HARA Partnership

Pundi Labs (Pundi X), a point-of-sale (POS) terminal maker, has introduced a partnership with blockchain startup HARA to carry its blockchain-based POS units to farmers. The corporate mentioned the partnership will search to facilitate knowledge assortment and fiscal inclusion throughout Indonesia’s rural spaces and agricultural sector.

HARA, a blockchain startup included in Singapore, is growing an information trade ecosystem. Beginning with the agriculture and meals sector in Indonesia, HARA is offering an end-to-end answer for all stakeholders within the knowledge trade marketplace. The platform collects real-time knowledge from around the agricultural and meals price chain with the function to assist farmers build up annual yields and spice up productiveness.

Farmers, NGOs, and different on-the-ground companions are incentivized to supply knowledge on ecological, crop, and marketplace prerequisites akin to soil high quality, grain worth, and land possession. Those that enter knowledge into the blockchain are rewarded with HARA Tokens. In the meantime, corporations, organizations, authorities establishments, and folks can buy uncooked knowledge units from the HARA decentralized knowledge trade the use of the cryptocurrency.

The partnership with Pundi X will see the corporate’s XPOS cryptocurrency-supported units being deployed to start with throughout Indonesian villages at an approximate density of 1 software of each 200 farmers in collaborating spaces.

The POS units shall be to be had to farmers to make use of and declare their HARA tokens in addition to trade them. 

“HARA has devoted itself to connecting the lacking items in world agriculture for the advantage of everybody concerned within the provide chain. The knowledge we’re already amassing from farmers brings advantages to transportation, to customers, to business pursuits and to governments,” mentioned Regi Wahyu, CEO and co-founder of HARA.

“The addition of the Pundi X POS to our ecosystem permits us to attach some other lacking hyperlink, which is the processing of virtual bills for the massive unbanked populations in world agriculture we’re aiming to serve.”

The HARA Ecosystem has been deployed in the neighborhood with the make stronger of Indonesian regional governments and directly-elected native authorities leaders referred to as regents or Bupati. The startup has already accrued agricultural knowledge from about 10,000 farmers around the nation and desires to succeed in 2 million farmers through 2020 throughout a number of markets in South and Southeast Asia.

A Pundi XPOS pictured in a local kioskA Pundi XPOS pictured in a local kiosk
Symbol: A Pundi XPOS pictured in a neighborhood kiosk

HARA claims that with the information accrued thru its pilot venture, a number of farmers have already been in a position to effectively follow for microcredit from banks.

Listiyono, the top of Bakalan Village, Kapas District, mentioned the generation supplied through HARA can assist farmers achieve get entry to to credit score and toughen monetary inclusion in rural spaces.

“HARA promises legitimate farmers’ knowledge, which makes the method for the banks more uncomplicated,” Listiyono mentioned. “As an example, a financial institution calls for a land certificates, while numerous farmers don’t have that. Every now and then they even require evidence of tax cost, however maximum farmers don’t also have [a tax registration number].”

Pundi X develops blockchain-powered POS terminals. Its XPOS software helps cryptocurrency bills in addition to transactions thru cell wallets together with Alipay and WeChat Pay and cost playing cards. All Pundi X units are attached to the Ethereum and NEM blockchain. The corporate’s newest type helps greater than a dozen cryptocurrencies.

XPOS was once lately introduced as the selected generation to run virtual bills for Dubai’s government-backed legit credit score bureau.

“We’re proud that the Pundi X POS will quickly be rolled out amongst HARA’s already-impressive community of farming companions and will assist facilitate their plans to higher one of these vital sector of the arena financial system and the lives of the loads of hundreds of thousands of people that rely upon it,” commented Constantin Papadimitriou, president and co-founder of Pundi X.

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