Halal Chain Is the Champion of Indonesia's First Major Blockchain Event

Indonesia is one of Southeast Asia's largest economies, with a population of more than 260 million. It is one of the largest potential markets in the world for blockchain technology, digital assets and financial technology.

To provide quality assurance and trace the end-to-end supply chain of Halal products and services, Halal Chain, a technology company powered by IoT, blockchain and smart contracts, was warmly welcomed by participants of Blockchain INDO 2018.

From May 11 to 12, 2018, the event was the first and largest blockchain conference held in Jakarta, with 1,500 attendees and more than 40 global speakers sharing insights on current blockchain updates and providing case analyses on the implementation of this technology.

HLC Technologies, headquartered in Dubai (UAE), meets not only the food industry's demand for Halal products but also the demand for a variety of Halal products such as pharmaceuticals and cosmetics.

During the two-day event, people were keen to learn more about Halal Chain's data collection, storage and analysis processes, and how end consumers can gain better transparency and food safety awareness through data, using it as a solution to provide an accurate quality measurement of Halal products.

According to Reuters' 2016-2017 State of the Global Halal Economy report, the global Halal economy is valued at about US$3.9 trillion, and Indonesia ranks among the top 15 existing markets.

Today, the term Halal is increasingly close to the Ummah (transliteration of the Arabic word, originally meaning nation; the earliest theocratic Muslim polity), not only as a spiritual ruling but also as a way of life. Many consumers today, both Muslim and non-Muslim, are beginning to realize and actively seek more information about the measurement and benefits of Halal/healthy products.

Leading Indonesian Halal food industry enterprise the Perwiramata Group recently signed an agreement with HLC Technologies to implement the Halal Chain solution as a pilot project in the country, and more interested Halal manufacturers are keen to cooperate with HLC Technologies to strengthen their quality brands and markets and express strong confidence, thereby bringing better transparency to end consumers and the market.

Notes:

HLC Technologies FZCO: Registered in DAFZA, HLC Technologies is at the forefront of the blockchain industry, providing comprehensive solutions for traceability in the Halal industry, the Islamic economy including Islamic finance, instant electronic payments, e-commerce, and other industry applications powered by blockchain, IoT, big data, artificial intelligence, biometric technology and more.

Halal Chain: A decentralized smart chain based on blockchain and IoT that enables food traceability through the various production, processing and distribution stages of the entire supply chain. Halal Chain is not limited to the Halal food industry but can also trace pharmaceutical and cosmetic products as well as all foods, to ensure safety and compliance with all health claims.