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Africa has been described as the best place for blockchain to thrive because of the lack of existing systems. In reference, Twitter CEO Jack Dorsey said in a
TechCrunch article, that Africa will define the future of blockchain-based currency, Bitcoin. Many sectors and industries lack proper development that can promote sustainable economic growth and improve the lives of Africans.
Last week, the Ethiopian Ministry of Education announced a partnership with Input Output (IOHK) the company in charge of developing the blockchain network, Cardano to create a national student-teacher identification system. This partnership is considered a big blockchain deal in the continent.
It can be very tough to wrap one’s mind around cryptocurrency. Once one understands the technical aspects of a particular cryptocurrency, the question of utility arises.
And that’s why Cardano’s latest news makes me more enthusiastic about ADA and the entire project.
I’ll start by reiterating a point that I made in a previous article on Cardano. That is that the company has a leg up on its competition in that it lays out the clear utility of the project through use cases across multiple sectors.
A Closer Look at Cardano
The company’s enterprise platform lays out how Cardano is building a platform to accommodate usage in education, retail, agriculture, government, finance and healthcare. The common thread among these disparate verticals is that each suffers a high degree of centralization.
Ethiopia to use Cardano blockchain to track student performance inshorts.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inshorts.com Daily Mail and Mail on Sunday newspapers.
Ethiopia will be the first country to make use of the new protocol.
Market participants seem to have welcomed the news as Cardano s ADA token holds on top of stable support.
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The Cardano Foundation is making strides in expanding the utility of the ADA network. The organization recently revealed a new identity solution to improve the education system in Ethiopia.
A Blockchain-Based National Identity
IOHK, the development team behind Cardano, revealed a partnership with the Ethiopian Government to develop a blockchain-based system to track educational progress among students in the nation.
The minister of education, Getahun Mekuria, confirmed that his agency is interested in taking advantage of the benefits of blockchain technology to help “improve the quality of education.” The identity solution protocol will enable the federal agency to monitor school performance and boost education efforts across 3,500 schools with 5 million students and 750,000 teach