SingularityNET To Use Blockchain In Agribusiness In Indonesia
SingularityNET, a company dealing with developments in the AI field, announced its cooperation with a Hara startup to apply blockchain technology in agriculture, Cointelegraph reports, referring to a press release.
The partnership was announced during the World Web Forum. Hara suggests to use a blockchain platform to provide the participants of the Indonesian agrarian sector with the necessary data regarding the cost of grain, soil quality, land ownership information, etc.
Diagnostics and data analysis will be carried out using artificial intelligence. The partners aim at an increase in access to information on the diseases of agricultural crops as one of the main tasks to automate their recognition and diagnosis.
SingularityNET attracted the attention of the world with the help of its technology, which was behind the creation of the human-like robot Sofia, developed by Hanson Robotics. The companies are also connected by the fact that Ben Goertzel, the leading researcher of Hanson Robotics, is the founder and executive director of SingularityNET at the same time.
Distributed ledger technology is gaining increasing recognition in farming. In October 2018, four world's leading agricultural companies, commonly known as ABCD, began using blockchain for cereal trading.
As previously reported, Overstock bought a share in the agricultural blockchain project called GrainChain, which allows tracking the production of agribusiness.