Cardano creator says deals in Africa will bring millions of users

Charlie Taylor

At this year's Blockchain Africa Conference, IOHK CEO Charles Hoskinson said that new deals on the continent will bring “millions of users” to the Cardano ecosystem.

"We are at the peak of business and initiatives this year, which will bring millions of users through public-private partnerships to the Cardano ecosystem."

IOHK, a technology company focused on P2P solutions, is currently working with local governments to integrate Atala PRISM, a Cardano-based digital identity management solution in Ethiopia, Nigeria, Kenya and other African countries. platform functionality during his main speech:

“For a large group of people, for the first time in their lives, they will have a digital identity that can also be linked to wallets, which can also be linked to payment systems, which can also be linked to goods, which can enjoy rich metadata and other similar things. ”

In the long run, IOHK aims to build an entirely new economy in Africa. Cardano has had a strong presence on the continent for years. In May 2018, Cardano signed a memorandum of understanding (MOU) with the Ethiopian government to use blockchain in the country's agricultural industry.


Want to earn Bitcoins?
We help you with that.
Open a free account!


In early February, IOHK's John O’Connor said they were in the “final stages” of securing an important government contract on the continent:

"What I can say is that we are in the final stages of a major government contract that would have millions of users integrated into the platform for implementing blockchain in the real world."

Cardano's focus on Africa may be impressive, as this is not where the money is, but Hoskinson sees a number of opportunities there. He compares African nations to China in the late 1980s:

“China was a very poor nation with many systemic problems, but among the very specialized actors who really understood where things were going, they realized that the changes in these systems had accumulated to the point that China, in just a few decades, become one of the richest and most powerful nations in the world. Likewise, when you look at Africa's demographics, you look at the generation that will take custody of the continent. ”

See also: Browser wants to take down Google with new search engine and cryptocurrency

Click to rate this post!
[Total: 1 Average: 4]
Next Post

With pressure from Brazilians, SEC puts Bitcoin ETF in discussion in the US

The Securities and Exchange Commission (SEC) announced that it is discussing the approval of a Bitcoin ETF from VanEck. With the measure, the SEC has 45 days to approve, deny or extend the deadline to 240 days. The news comes after two Brazilian ETFs have received approval from the CVM […]

Subscribe US Now