Hopes of a blockchain-empowered Africa after Ethiopia deal with Atala Prism
GlobalData Thematic Research 10th May 2021 (Last Updated May 10th, 2021 17:52)
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The Ethiopian Ministry of Education has announced a deal with blockchain identity solution Atala Prism. Atala Prism is based on the Cardano blockchain. Both Atala Prism and Cardano are developed by Input Output (IOHK).
Partnerships between blockchain companies and African institutions are mutually beneficial: robust, tamper-proof records offer empowering identity technology to countries without it and legitimacy to those troubled by corruption; adoption of a tech product at the infrastructure level by one of the most fertile emerging economic zones in the world brings developers significant and reliable revenues
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Crypto AM shines its Spotlight on Liqwid Finance
Over the course of 2020 the liquidity locked in decentralized finance (DeFi) protocols has grown in rapid fashion with use cases such as crypto-backed lending, decentralized exchanges (DEX’s) and insurance bringing the Total Value Locked (TVL) in DeFi to its current peak ~$15 billion with the majority of this capital existing on the Ethereum blockchain. Ethereum launched in 2015 with smart contracts, enabling users to interact with decentralized applications and programs that execute according to pre-defined logic, all open for anyone to validate on the blockchain.
To understand how DeFi is viable in the Ethereum EVM/accounts world with it’s set of inefficiencies and design tradeoffs you must actually first consider how tapped out the legacy centralized finance (CeFi) system it aims to replace already is. Look no further than U.S. 10-year corporate bonds yieldin