What does Cardano have in store for African countries? Many have asked how the cryptocurrency will have a significant turnaround in Africa and how Cardano will mutually benefit.
Before delving deeper, let’s take a peek into two countries benefiting from Cardano:
Ethiopia’s Education Sector
Cardano partnered with the Ethiopian government to impact the country’s education sector positively. The coin would significantly employ its innovative contract technology- Atala Prism, to give students a digital identity (DID). It would store every individual’s academic scores on that blockchain for the period they are in school.
Besides education, Cardano plans to extend its hand across mobile systems and healthcare. The coin is continuously falling under the radar of most medical care platforms, which now prefer Cardano to Ethereum.
Tanzania’s Energy Sector
There is a need for renewable energy in Tanzania. As one of the few coins aiming for market sustainability, Cardano would actively ensure stable and all-around internet distribution in the country. This objective would ride to its actualization, following the crypto coin’s partnership with the World Mobile Group.
Subsequently, affordable nodes will be deployed on the blockchain to expand access to online banking services.
Tanzania and Ethiopia are just a few first countries to taste Cardano’s vision to expand its presence in Africa. The cryptocurrency’s impact will flow across several other developing countries to provide more innovations.
Drivers of Cardano’s (ADA) Success in Africa
Africa is a young continent that is yet to explore aggressive innovations in digital developments. Housing more than 1.3 billion people, many people, especially the young generation, have digital wallets to facilitate digital transactions. The plan is to use the most suitable alternative to do away with cash or embrace digital money transfers by far. Progress is seen from the 24 out of 54 countries in Africa that have partnered with SMART Africa. The organization mainly focuses on improving digital infrastructure in many countries to create blooming and massive job opportunities in various industries. Innovations are set to expand across data centres, fiber optics, and broadband centres, to mention a few initiatives. SMART Africa would accomplish two primary goals with Cardano:
To solve Real Market Challenges
The company and Cardano (ADA) would partner with local stakeholders to deliver various projects. Also, a variety of crypto exchanges allow people to buy cardano with paypal from Africa, easily. Prominent companies in the private sector, NGOs and governments will come on board to actualize these projects. Subsequently, various sectors would be more trustworthy, efficient, and transparent because of blockchain technology.
To Train Developers
A successful partnership between Cardano and SMART Africa would equip local developers with adequate knowledge of solving local problems. One milestone was achieved in Ethiopia, where the government signed the Memorandum of Understanding (MOU) with IOHK. The goal was to give young software developers job opportunities to expand their creativity. The agricultural industry also trained Ethiopian and Ugandan female scholars using the crypto’s blockchain.
Cardano’s blockchain also intends to align Africa’s supply chain industry to minimize fraudulent activities in businesses. Society would become better if companies track goods resiliently and robustly to enhance radical transparency.
Leave a Reply