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Cardano [ADA] Technology to Find Utilization in Ethiopia’s Agritechnology Industry

Ethiopia – African nation has announced that Cardano’s blockchain technology will be studied and explored out for use cases in the nation’s Agritech industry. The announcement has come to public via Charles Hoskinson twitter profile as he let know that a formalized contract has been made with the Ethiopian Ministry of Science and Technology.

Accordingly to the agreement, the Ethiopian workforce and economy will find support by Cardano for training blockchain targeted developers. To highlight out, Ethiopia’s GDP has increased constantly to a record high of $72.3 bln in 2016.

Cardano plans to launch a decentralized blockchain-based network that will have its own version of smart contracts. The crypto-platform has been developed by Hoskinson after he decided to part ways with the Ethereum and Ethereum Classic projects.

Despite being targeted and criticized by the likes of Daniel Larimer – founder of EOS, the team and Hoskinson behind Cardano continued to work towards the improvement of the platform. During the Eurocrypto conference, a new proof-of-stake algorithm was announced.

Keeping in mind that a memorandum of understanding was signed down by the included parties, it can be shut down at any time. However, John O’Connor, Director of African Operations at IOHK (Cardano’s parent organization), stated that an agritech platform that will use Cardano’s blockchain should be launched by the end of this year.

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Ethiopia Explores Blockchain Role in Tracking Coffee Exports

Ethiopia is exploring the use of blockchain technology to track the supply chain for its largest export, coffee.

For the effort, the East African nation has partnered with blockchain research and development company IOHK to develop blockchain applications for coffee shipments and other areas of agriculture.

In a press release, IOHK said it is collaborating with the Ethiopian Ministry of Science and Technology for the project, and will closely work with ministers, entrepreneurs and startups in the country.

Getahun Mekuria, the country’s Minister of Science and Technology said that the research is focusing on using the Cardano blockchain platform as a base for work by Ethiopian developers.

According to Charles Hoskinson, CEO of IOHK, the company’s efforts go beyond the supply chain project.

He explained:

“We are also training local blockchain developers, some of which we will hire, while the rest will go on to plough their skills into the economy. The first class will be all female, and the goal is to have graduates of that class move on to create ventures in the cryptocurrency space using Cardano technology, the first venture of its kind in Africa.”

Coffee beans image via Shutterstock

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