What is the aim of IOHK’s Cardano strategy in Africa?

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The “Africa strategy” of IOHK seeks to promote Cardano use for ordinary citizens and enterprises in Africa. In a recent release, Emurgo IOHK, Cardano’s official commercial arm, highlighted the two targets that they plan to achieve:

“The first goal is to engage with local stakeholders in delivering projects that solve real issues in the market. The second goal is to train and educate local developers to create solutions for local problems.”

Cardano has been in negotiations with the African government for quite some time, and things became clear when Charles Hoskinson, founder of IOHK, tweeted something mysterious about February being a “really good month.”

Things began to take shape and take shape when Ethiopia declared that its government would begin using Cardano’s blockchain to change the way utilities were obtained. Dynal Patel, Product Officer at IOHK, shared how ‘identities’ were taken for granted in emerging markets, despite the fact that they were the key to accessing a variety of services. He said,

“Cardano is an open platform that seeks to provide economic identity for the billions of people who lack it by enabling decentralized applications for identity, value and governance.”

Talking about the deal, Hoskinson said,

“That’s a big deal. That’s going to grow over time and this is the first country to do something like this. It didn’t happen in the US, it didn’t happen in Germany. Of all places, it happened Ethiopia, which a tremendous piece of news for the adoption of blockchain technology and cryptocurrency.”

Patel stated that the grades and educational achievement of students during their educational life will be rooted on the Cardano blockchain by establishing a specific digital identity, emphasising how IOHK was “very excited” to collaborate with the Ethiopian Minister of Education to establish a next-generation blockchain-based identity solution.

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The following process would concentrate on “expanding national ID programmes,” which would enable financial institutions to record transactions where municipal banks and micro-lending institutions could check people and provide services.

Following the Ethiopian agreement, IOHK signed its second collaboration agreement with World Mobile, the first blockchain-based mobile network, to develop scalable networks in Tanzania. The project’s primary goal is to provide mobile Internet connectivity.

According to Charles Hoskinson, Africa can respond to blockchain technologies quicker than any other nation. In order to emphasise Africa’s geopolitical relevance, Hoskinson said,

“In the next five to ten years, all the governance tools, how they vote, how the property ledgers work, how payment systems work, how the identity systems work, how the supply chain system work, etc., etc., are going to be updated, this is like a leapfrog effect.”

Hoskinson argued that these ventures were economic in nature but served a social purpose. He assured them that they would be successful, despite the fact that the possibility of failure hampered them to some degree.

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