Cardano Plans To Showcase Tech Across African Continent After Ethiopia Deal


The director of African operations at Input Output (IOHK) unveils the team’s plan to showcase Cardano’s technological capabilities in Ethiopia and other nations across the continent.

In an interview with crypto YouTuber big pey, IOHK director of African operations James O’Connor highlights Cardano (ADA) and the group’s plans for its digital identity infrastructure in Ethiopia. 


After landing a massive deal with the country’s government in April, ADA is set to launch and help digitize Ethiopia’s education industry.

When asked about whether the continent will see more adoption in other countries, O’Connor says the team has plans to showcase the blockchain technology to around seven or eight more nations in Africa.

 “We’re doing a roadshow in October. So Charles and myself and a few other people from the IA team will be going around, I think around seven or eight countries at the moment. We’re meeting with some of the top-level officials, senior government officials, presidents, who are all interested in seeing more about our identity solution. 

Some of them are interested in central bank digital currencies (CBDCs). Some of them are interested in remittance and micro-finance opportunities. So, really what they’ve been trying to do is to start to put together a toolbox of what blockchain can do for you as a nation-state.”

Zooming out to a five-year plan, O’Connor would like to see IOHK pass the torch to other developers around the world to scale up the ADA network and bring financial services to unbanked populations.

“So for us, it’s really going have to be around handing over the torch from Input Output towards something that’s more scalable. We have these high-level targets – we want 100 million users using Atala prism. We want this many nation-states using our system. We want a Cardano nation where all infrastructure is built on Cardano in a single country. 

Well, this isn’t going to happen with just us… If we want to scale, then we have to start engaging in a broader community, and it can’t just be us anymore. So that’s what it would be for me – a thriving ecosystem of partners, developers… in each of these countries who can really leverage our technology and make a dent in the billion unbanked, which is our mission statement.”

At the time of writing, Cardano is hovering just under $3, currently trading at $2.95 according to CoinGecko.


Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/spainter_vfx

Source link


Please enter your comment!
Please enter your name here