In effort to make cardano a general adoption for ordinary citizens and companies in Africa the IOHK’s “Africa Strategy.” In a recent speech, Emurgo IOHK, Cardano’s official trade arm, highlighted the two targets that they intend on achieving.
There have long been discussions about Cardano’s signature of a deal with the African government, and things became clear when Charles Hoskinson, the founders of Cardano’s business organization, waved something enigmatic around February as a “really promising month.”
Things came into being when Ethiopia said its government was using the blockchain of Cardano to change the way services were purchased.
“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.”
How IOHK was “much excited” to work with the Ethiopian Ministry of Education to build a blockchain identity-based next generation solution, Patel says that students will anchor their degree and educational achievement on the Cardano blockchain with a single digital identity during their educational lives.
The Product Officer at IOHK, Dynal Patel, expressed how ‘identities’ were taken for granted in developed markets, even though it was the core to access a host 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.”
In the next phase, “expansion of national ID programs” will enable the financial institutions also to record transactions, in which they can check the people and provide services to local banking and micro-lending institutions.
Charles Hoskinson, expects Africa to adapt to blockchain technology faster than any other nation. Highlighting the strategic importance of Africa, 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 concluded that these projects were commercial in nature, but had a social cause behind them. He affirmed that they would be successful, even though chances of failure hindered them, to a certain extent.