About SENA Company
ABOUT THE COMPANY
The SENA Group is a multi-division company that engages in several activities including construction, dredging, provision of clean water, R&D for defense equipment, manufacture and sales of under-chassis equipment and components of firefighter vehicles. The company is headquartered in Indonesia.
The company has undertaken several projects, some being:
- Construction of the Waingapu sea Port facility.
- Construction of the Batanjung sea port facility.
- Grati Air Strip Airport phase 3.
- Construction of the Juanda Naval Air Base Officer House.
- Construction of the 5-storey surgical center and integrated service building of the RSUD Dr. Murjani
Problem:
The main problem facing companies in the construction and contracting industry is that they are not able to find quality projects which are bringing value to society. The reasons for this are many:
1) Asymmetric information
Asymmetric information is a term that refers to when one party in a transaction is in possession of more information than the other. Due to the asymmetric information, the SENA Group sometimes does not have enough information to make a decision on a project. This issue leads to many profitable projects being overlooked.
2) Time Constraints
There are various factors that limit the capacity of the SENA Group to take on projects and one of them is time. While there are many projects, it is time-consuming to shortlist projects and select the appropriate subcontractors. Due to this issue, many projects might be overlooked and not undertaken.
3) Network
While the SENA Group has a big network from which projects are sourced, the possibility of sourcing more profitable and meaningful projects still exists.
The Opportunity
The SENA group has massive experience and goodwill in the construction industry. Some of our projects include the construction of the Waingapu sea Port facility, construction of the Batanjung seaport facility, and construction of the Grati Air Strip Airport phase 3 amongst others. The company has had an impressive track record and is leveraging blockchain technology to:
1) Enhance its growth and be able to increase its pipeline of projects.
2) Benefit from the Decentralized Autonomous Organization features in terms of community knowledge.
3) Raise capital to be able to undertake more profitable projects.
Holding the token will give you the opportunity to take part in the project selection process, the subcontractors’ selection process and get a share of the project pool to which you have contributed.
