How Cardano Will Integrate 5 Million Users Into Its Platform With Ethiopian Deal

Charles Hoskinson gave new details on a very expected announcement in the Cardano community. The CEO of IOG uploaded a video on his YouTube channel and talked about the partnership with the Ethiopian government. The partners intend to “overhaul” the country’s education system.

The Ethiopian Embassy in the United Kingdom and its Ambassador Teferi Melesse Desta also shared the news via their Twitter handle. The government official called the partnership a “fantastic” development and a part of the country’s “Digital Transformation Strategy”. The embassy added:

IOG partners with Ethiopia’s Ministry of Education to create a #blockchain-based national student & teacher ID and attainment recording system to digitally verify grades, monitor school performance and boost nationwide education.

The cooperation will be based on IOG’s Atala PRISM ID solution. Thus, the country will create a record for 5 million students on top of Cardano’s blockchain. The record will be tamper-proof and secure with the platform. Additionally, authorities will be able to monitor, target, and distribute resources with the effectiveness of this solution.

Atala PRISM is said to be implemented in 3,500 schools and 750,000 teachers, per the data shared by the Ethiopian Embassy in the U.K. It will be launch with a supply equipment program for students, teachers, and key staff in the institutions. The ultimate goal is to make education more available, customized, and efficient.

Hoskinson highlighted that the partnership has been a 5-year effort. The inventor of Cardano has said in previous videos that Africa has the potential to outperform China’s economic growth. Now, Hoskinson said:

And throughout the coming 24 to 36 months we are going to be scaling up very rapidly throughout the whole continent. This means many new classes. This means new initiatives. New relationships and also developing our talent (…).

Cardano Reaches Major Milestone

Per a report by the news website CityA.M., Ethiopia is currently evaluating if they will adopt other IOG’s Atala products. These could include the PRISM platform to be used in many sectors across the country: agriculture, identity, supply chain tracking, and others. The report quotes John O’Connor, IOG’s African Operations Director, who said:

Ethiopia’s blockchain-based education transformation is a key milestone on IOHK’s mission to provide economic identities and employment, social and financial services for the digitally excluded. After five years of R&D, Cardano is now mature enough to underpin a blockchain solution which can scale to serve an entire national population. This project could light the touch-paper for a wave of third-generation blockchain innovation across Africa and the developing world.

ADA is trading at $1,30 with a 6.8% profit in the daily chart. The cryptocurrency seems to be reacting well to the announcement. However, IOG’s Africa Special will be held on April 29th and could reveal much more on this and other partnerships in the region.

Cardano ADA ADAUSDT
ADA with moderate profits in the daily chart on IOG partnership. Source: ADAUSDT Tradingview

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn
On Key

Related Posts

Promoting Bitcoin Could Damage The Reputation Of Banks, ECB Warns

The European Central Bank has cautioned banks against promoting Bitcoin investments, arguing that the cryptocurrency’s apparent calm will likely pan out, plunging prices lower. In a Wednesday blog dubbed “Bitcoin’s Last Stand” by Ulrich Bindseil and Jürgen Schaaf, the director general and advisor of the ECB of the institution noted that banks risked incurring long-term

Bitcoin, Ether Not Securities Because They Have No Issuer: Belgium Regulator

The regulator of the European country said cryptocurrencies issued by computer codes are not considered securities. Brussels is neutral to blockchain technology, a stark contrast to the US. Brussels’ financial authority has clarified that cryptocurrencies without an issuer cannot be classified as securities. The Financial Services and Markets Authority (FSMA) announced that digital assets issued

Over 10K Bitcoin (BTC) Moved To Crypto Exchange, Are Miners Selling?

Bitcoin price rallied after Fed Chair Jerome Powell hinted at slower rate hikes in December and upcoming sessions. The BTC price hit a high of $17,194 with an over 200% jump in trading volume. On-chain data indicates that miners facing financial issues are indeed selling their Bitcoin holdings, with Bitcoin hashrate decreasing continuously due to