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Crypto

Cryptocurrency can help the state function, proof

The blockchain and cryptocurrency Cardano, which competes with Ethereum in exchanges and creating decentralized projects, will contribute to the digital development of the state… Ethiopia has just confirmed that an agreement has been reached between its government and IOHK.

Formed in 2015, IOHK invested in crypto and launched its own blockchain, known for its Cardano digital token. While Bitcoin and Ethereum have seen their prices skyrocket and institutions are showing interest in them, Cardano, like other altcoins and blockchains such as Stellar, are aiming for involve statesmen in addition to industrial adoption.

In Ethiopia, the signed new contract will be a symbolic statement. The government considers rely on Cardano for the digitization plan, “A huge project that the government is involved in.” commented by our brothers and sisters Digital Business in Africa… By 2025, the country intends to transform several sectors, including education, health, transport and agriculture.

IOHK said in a statement: “We have long recognized that developing countries can particularly benefit from blockchain technology due to the lack of integrated and well-established digital systems, and because blockchains are cheaper than heavier infrastructures. “

Ethiopia is closely watched by Kenya, Nigeria and South Africa, which have also announced their intention to implement blockchain for their digitization projects. But Ethiopia may be the biggest digital challenge of the four, only 15% of the population with Internet access, the predominance of the rural population, as well as the occupation by the rebels in the north of the country (Tigray region).

Cardano for 5 million students

In terms of education, this applies to at least 3,500 schools, 5 million students and 750,000 teachers who will soon be able to use the services developed on Cardano. “Building a blockchain with IOHK is like Dreams Come True– commented the Minister of Education of Ethiopia Getahun Mekuria.

The developed infrastructure will allow the creation of a national identification network, allowing follow the progress of each student… These activities can be linked to tools available on digital tablets. The government expects investments to equip 3,500 schools with high-quality Internet.

However, the government did not want to clarify investment amount nor that of a specific contract with IOHK. To counter student unequal ownership of smartphones and computers, NFC smart cards should be deployed so everyone can show their files, including a dematerialized diploma.

“I studied at Oxford and was intrigued that there were no Ethiopian students there. When I asked about it, I was told that [l’universitĂ©] did not recognize their titles… They don’t have enough information about what’s going on in Ethiopian universities. ” said John O’Connor, director of African operations for IOHK.


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