Cardano (ADA) has outperformed its rivals in the last 24 hours after the blockchain made an advancement in its partnership with satellite television company DISH Network.
According to data from Coinmarketcap.com, ADA gained about 9% to $0.639, outperforming the 10 largest cryptocurrencies.
DISH will provide a decentralized identification and loyalty token built on Cardano technology extending their partnership formed in late 2021.
The move was revealed in an announcement from Cardano founder Charles Hoskinson’s firm Input Output.
Cardano also backed ADA by releasing more developer-friendly features. The token has gained 4.2% in the last seven days, outperforming most major cryptocurrencies.
Cardano-DISH collaboration represents a blockchain real-world adoption
The partnership with DISH represents a real-world use case for Cardano through the integration of blockchain technology into telecommunications technologies.
DISH will launch the project with the help of Input Output’s technology. The loyalty program is part of a larger collaboration to integrate blockchain into DISH’s infrastructure.
DISH will mint loyalty tokens on Cardano, while the blockchain will keep track of the number of tokens acquired by the consumers. DISH will control the overall token supply and will be able to burn them.
The possibility of real-world use presents a bullish case for ADA.
Blockchain will add more developer-friendly features
Emurgo, a blockchain company, and Cardano have released a new decentralized application backend solution (DAB) for Cardano’s Web3 developer community.
The DAB solution is a toolkit that allows developers and blockchains to interact and collaborate easily.
In the last few months, Cardano has attracted a barrage of new developers in anticipation of the upcoming Vasil Hard Fork version. Hoskinson stated that the blockchain will attract even more developers after the update is implemented.
Data revealing that Cardano developers achieved a new high sparked a rise in ADA last week. ADA prices have also risen as a result of the development of a new Ethereum bridge that allows the transfer of stablecoins.
