THE EDITOR – The presence of the Indonesia Real World Assets Tokenisation Association (IRWATA), which dares to develop real-world assets in agriculture, is appreciated by the Indonesian Islamic Farmers Union Youth (PASTII).
As is known, IRWATA is currently developing a blockchain technology system to develop real-world assets in agriculture. In the near future, IRWATA will hold its first event in Bandung by inviting dozens of investors from the Middle East, China, America, Mongolia and so on to announce that Indonesia is ready to apply blockchain technology for real-world assets.
“In our opinion, the presence of IRWATA with blockchain technology, especially for agriculture, is very much in line with our tagline of the Indonesian Islamic Farmers Union,” said PASTI Chairman Aigi Murizky to The Editor on Wednesday (9/6/2025).
What IRWATA is doing now, Aigi said, will bring Indonesia to the forefront as blockchain is the business of the future that only developed countries are involved in.
If successfully implemented, he believes it will help the farmers in Indonesia and make them ready to welcome the various technologies offered by the blockchain system. This is because blockchain allows the recording of transactions that cannot be altered and can be accessed by all relevant parties, thus creating trust and equity in the supply chain.
What he admires the most is that this technology system is able to directly connect farmers with buyers around the world. For this reason, he hopes IRWATA will become a pioneer in implementing this business from upstream to downstream.
“In terms of creating a broad market, Farmers can utilize blockchain to connect directly with potential buyers in domestic and global markets, reduce dependence on middlemen, and get better prices. This will certainly improve the welfare of farmers,” he said.
As is known, the Chairman of IRWATA, Sabdo Yusmintiarto, in a press conference said that, with blockchain, farmers can freely access global investors without the need to go through banks or loan sharks.
He gave an example of blockchain performance that is currently happening in the Philippines, where coffee farmers in Benguet Province have successfully tokenised or converted assets from physical to digital form for all their coffee plantations on the CoffeeCoin platform (a crypto asset that operates on a blockchain network).
“From the CoffeCoin platform, farmers can directly connect with buyers in Europe without intermediaries,” he said.
Another example of the successful application of blockchain in the world can be found in Dubai. Farmsent.io, which successfully runs this business, is in fact able to cut many layers of brokers in agricultural commodities to directly connect farmers with the Middle East market.
“Blockchain is not just a technology, but a revolution of the lower class against inequality to create an inclusive economy,” he said.
BLOCKCHAIN WILL ERASE THE ROLE OF MIDDLEMEN
Sabdo asserts that blockchain will remove the role of middlemen who often make farmers poor due to their tactics in pricing that never favour them.
A radical example is the ‘Sovereign Farmer’ programme with a platform called AgriChain in India that cuts seven supply chains between onion farmers and consumers.
“In Indonesia, this method can eliminate the role of middlemen who make profits of up to three hundred per cent,” he said.
