Indonesia represents some 30% of global seaweed production, a market with the opportunity to grow to $26.15 B by 2028. Dodon Yamin, Cofounder and CEO of BANYU, joins the Indo Tekno podcast to discuss the company's end-to-end farm technology platform for Indonesia's seaweed farmers. BANYU's value proposition sits upon three pillars: 1) enhanced seedling availability for Indonesia's farmers, 2) the application of blockchain-based smart contracts in order to improve commercially an otherwise inefficient and "leaky" industry supply chain, and 3) the use of IOT-based (Internet of Things) equipment and software to generate data that can be aggregated, stored and analysed for better farming results. Impressed by the success of fellow ITB alumnus Gibran Huzaifah at eFishery (podcasts Season 1 Episode 14 and Season 5 Episode 5), Dodon acknowledges the need for broader investor understanding of Indonesia's rising "aquatech" movement. BANYU has set an ambitious goal of 10x growth both this year and next, seeking to position itself as a key player in unlocking the country's seaweed opportunity.
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