HARA was invited to participate on the Agriculture & Blockchain Panel at Blockchain for Social Impact Conference (BSIC) 2018, held by Consensys at United States Institute of Peace, Washington DC in June 2018. This event explores the areas where blockchain technology will be instrumental in addressing social and environmental challenges of the United Nations’ Sustainable Development Programs.

As the only blockchain project from Asia invited to the prestigious event, HARA shared their mission to create social impact in the food and agriculture sector by implementing blockchain technology.

Our CEO Regi Wahyu speaking on the Agriculture & Blockchain Panel (cr: BSIC)

Their decentralized data-exchange platform addresses the problem of asymmetric information availability that hinders businesses within the supply chain to be efficient and effective. According to McKinsey Research in 2015, the lack of information causes approximately 30% of agricultural and food production wasted, translating to US$ 940 billion annually.

HARA was not built overnight. Its parent company Dattabot, a leading big data company in Indonesia, has patiently and meticulously built, tested, and validated the HARA platform with ecosystem stakeholders in regions across Indonesia for over two years.

“We learned that for data to be accessible, we need to have a sustainable ecosystem. This is only possible if there is an incentive for all stakeholders, including farmers.” - CEO of HARA, Regi Wahyu

Through their years of testing, HARA has discovered that four stakeholders are needed to create a sustainable ecosystem: data providers who share their data in HARA, data buyers who need the data for the decision-making process, data qualifiers who assess the data, and value-added services that translates the data into insights and reports. HARA provides utility token to intensifying the data providers by sharing 80% of the results obtained from the data they share within the platform.

“They [farmers] want to know, ‘Why are you here?’ ‘Why do you think you can help?’ and actually, one of the biggest questions after they were kind of convinced that we really wanted to help them, ‘Are you coming back?’ Because a lot of people show up, promise a bunch of things and they don’t deliver and that’s actually their big issue and I’m like you know what, you’re right. Because if we can’t commit to you, we shouldn’t even be showing up.” - CEO of Global Blockchain Business Council, Sandra Ro

The concept of incentive to data provider was affirmed during the same panel discussion by Global Blockchain Business Council CEO Sandra Ro, who shared her experiences that there is generally trust issues on the field to outsiders’ commitment. This phenomena was also faced by the HARA team during their early discovery days; it was only by implementing blockchain and smart contracts on the HARA platform that transactions can be transparent and traceable for all players. With technology experts and well-known players in the food and agriculture sector on the team, HARA is now ready to provide its innovative solutions for implementation on global scale.

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