The low efficiency of the distribution chain between farmers to consumers also results in farmers still having to face losses in terms of post-harvest quality degradation by 20% annually.
These challenges, among others, stem from data inequality and information inequality related to capacity, market and financing for all players in the agricultural sector.
The development of blockchain technology can be a solution to the real challenges facing Indonesia in this sector. That was aimed at by HARA, the first blockchain project to create positive social impacts in Indonesia.
Blockchain is simply a data structure that cannot be changed, can only be added. Every data from the blockchain is connected to each other. So if there is a change in one block of data, it will affect the next data.
By using blockchain as the technology behind decentralized data exchange in the food and agriculture sectors, HARA seeks to overcome the problem of availability of asymmetric information, which prevents businesses in the supply chain from being more efficient and effective.
We all know that all the crypto currencies available in the market are quite potential one and all these currencies have a very huge potential that it is providing employment to millions of people around the world and those nations who has legalised crypto in their countries are now experiencing a great boost in the development of their nation so no doubt that these currencies are very much potentiate and thus they are even threat to the Fiat currency available in the market and this would be very lucky if bitcoin could also use in agriculture field.
