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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

How Cardano Will Integrate 5 Million Users Into Its Platform With Ethiopian Deal

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
Cardano ADA ADAUSDT

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Charles Hoskinson gave new details on a very expected announcement in the Cardano community. The CEO of IOG uploaded a video on his YouTube channel and talked about the partnership with the Ethiopian government. The partners intend to “overhaul” the country’s education system.

The Ethiopian Embassy in the United Kingdom and its Ambassador Teferi Melesse Desta also shared the news via their Twitter handle. The government official called the partnership a “fantastic” development and a part of the country’s “Digital Transformation Strategy”. The embassy added:

IOG partners with Ethiopia’s Ministry of Education to create a #blockchain-based national student & teacher ID and attainment recording system to digitally verify grades, monitor school performance and boost nationwide education.

The cooperation will be based on IOG’s Atala PRISM ID solution. Thus, the country will create a record for 5 million students on top of Cardano’s blockchain. The record will be tamper-proof and secure with the platform. Additionally, authorities will be able to monitor, target, and distribute resources with the effectiveness of this solution.

Atala PRISM is said to be implemented in 3,500 schools and 750,000 teachers, per the data shared by the Ethiopian Embassy in the U.K. It will be launch with a supply equipment program for students, teachers, and key staff in the institutions. The ultimate goal is to make education more available, customized, and efficient.

Hoskinson highlighted that the partnership has been a 5-year effort. The inventor of Cardano has said in previous videos that Africa has the potential to outperform China’s economic growth. Now, Hoskinson said:

And throughout the coming 24 to 36 months we are going to be scaling up very rapidly throughout the whole continent. This means many new classes. This means new initiatives. New relationships and also developing our talent (…).

Cardano Reaches Major Milestone

Per a report by the news website CityA.M., Ethiopia is currently evaluating if they will adopt other IOG’s Atala products. These could include the PRISM platform to be used in many sectors across the country: agriculture, identity, supply chain tracking, and others. The report quotes John O’Connor, IOG’s African Operations Director, who said:

Ethiopia’s blockchain-based education transformation is a key milestone on IOHK’s mission to provide economic identities and employment, social and financial services for the digitally excluded. After five years of R&D, Cardano is now mature enough to underpin a blockchain solution which can scale to serve an entire national population. This project could light the touch-paper for a wave of third-generation blockchain innovation across Africa and the developing world.

ADA is trading at $1,30 with a 6.8% profit in the daily chart. The cryptocurrency seems to be reacting well to the announcement. However, IOG’s Africa Special will be held on April 29th and could reveal much more on this and other partnerships in the region.

Cardano ADA ADAUSDT
ADA with moderate profits in the daily chart on IOG partnership. Source: ADAUSDT Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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