CFO Talks: What Blockchain Is All About
CFO’s and other representatives from the finance sector gathered at the Indonesia Blockchain Hub this week for the CFO Talks: What Blockchain Is All About event, a private educational session on blockchain technology and digital assets.
The private meet-up was hosted by the Indonesia Blockchain Hub in collaboration with the CFO Club Indonesia, whose members consist of the financial leaders of major domestic and multinational companies.
The event was one of the first times that CFO’s from leading companies come together to talk about blockchain. The new technology is still a mystery to many corporate boardrooms, indicating that market education is needed.
The CFO Talks event was moderated by Dasrul Chaniago, co-founder of Majoris Asset Management, who kicked off the evening with a short opening speech. The event featured talks by Alex Jatra, CFO of HARA, and Lim Hongzhuang, CEO of XSQ Capital, interspersed with short breaks in which there was room for questions.
In his talk, Jatra ran through a lot of the technical definitions related to finance and explained the difference between contributing to blockchain startups through token sales and how venture capitalists are used to invest in a regular initial public offering.
Using HARA as an example, Jatra showed the attendees how the tokens are allocated and explained how the tokenomics worked, showcasing the roles all the different stakeholders play in the HARA Ecosystem. He also explained the difficulties that exist in the current market climate.
“With the bearish market, we just need to weather it. It’s actually very good for us. From our side, we have a clear utilization of our product, we have a clear utilization of the ecosystem. People can understand what it will be used for. For other coins out there, it’s not so clear what the intentions and uses are.” — Alex Jatra, HARA CFO
Zhuang followed Jatra’s talk by delving further into the blockchain investment climate. He started off by pointing out that HARA has a very good chance to attract widespread adoption because its ecosystem actually helps optimize the farming process, while also allowing people to act as a bridge between smallholder farmers and the ecosystem by becoming field agents.
From the example of HARA, Zhuang zoomed out to the main attributes XSQ Capital looks out for in blockchain startups. XSQ Capital specializes in blockchain infrastructure development and technology investments.
During the Q&A sessions, the main question the attendees played with was if hard cash ecosystems could be transferred to digital assets. The reliance of cash is risky compared to digital assets because it is a physical product.
The bills can be damaged, get lost in accidents, not to mention the logistics required to ship cash to remote locations. And of course, for international transactions, there is the cost of exchanging currencies.
The participants engaged in a thought provoking discussion with the speakers on the possible applications of digital assets and their potential to facilitate small transactions. As the event concluded, the attendees continued their discussion during a networking session.
One of the main missions of HARA is to educate the public about the potential of blockchain technology in order to spur adoption. HARA regularly hosts and joins events that focus on blockchain education. If you are interested in setting up an educational session at your organization to learn more about the technology and its possible uses, you can contact us at hello@haratoken.io
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Legal Disclaimer. Contributions/Investment/trading in digital assets have a relatively high risk and may not match all types of investors. The value of digital asset is very highly volatile. This could mean potential huge profits, this also could mean potential huge losses. HARA Tokens are digital assets, so if you are interested in becoming a HARA contributor, you must convince yourself of all aspects of HARA: technology, business models, and other related factors. You should be aware of the risks of failure will still exist. HARA cannot guarantee or be held responsible for any gains or losses from the performance of HARA Token which will fully be determined by market forces
