By implementing a blockchain backbone, Hoskinson sees the continent leapfrogging other nations in the coming decade. Multi-million users being onboarded into Cardano network? Reasons Why Cardano’s CEO Believes In Africa. IOG is in the final stages of a government contract in Ethiopia to bring several million users onto the Cardano blockchain. Below you can find the full interview with John O’Connor. According to John O’Connor, the director of African operations […] He also indicated that his software firm behind the development of Cardano has been preparing to launch a number of projects for African continent. Regarding the company’s operational plans, its ADA team is currently formulating a blockchain solution to meet the needs of the millions of unbanked individuals in African countries. First of all, 卡尔达诺（Ka er da nuo）is a translated word based on the pronunciation of Cardano, an English word, and it's too long to be a good brand … After building many local relationships, training staff, and overcoming obstacles, the platform is at a turning point on the continent, Hoskinson said. Hoskinson said that the DeFi sector would gain 100 million users over the next three years by harnessing developing countries’ market potential. Cardano — the first peer reviewed third generation blockchain — is one of the few cryptocurrencies aiming to serve underdeveloped nations by banking the unbanked. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. 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Crypto-news-flash.com uses Cookies to ensure the best experience for you. These cookies will be stored in your browser only with your consent. You alone bear the risk for your investment decisions. South Africa gained internal political freedom (with Mandela) only to deliver its economy and control of its vast resources to the IMF. Especially now in 2021, which wasn’t the case ten years ago and before. 4:50 2018 ADA and Africa 5:10 Charles Hoskinson breaking down Cardano use case in Africa 6:00 Think about what you are truly investing in! This might seem ambitious, but actually the scale of the African continent means that it’s quite realistic. “The framework has been built from the ground up, for real-world use cases such as property registration, voting … Cardano: IOHK to Rope In Fortune 500 Enterprises for Adoption in Africa. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Crypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies. VeChain Mentioned in 2021 Forbes Blockchain 50, Parabolic Move In Sight? Africa has long been an ignored economic block despite its massive potential. Research by Chainalysis in 2019 showed that speculation makes up the primary use case for cryptocurrency. Legals Here are a few highlights from his talk: “ The crown jewel of our labor has been the Cardano Protocol. This website uses cookies to improve your experience while you navigate through the website. Data protection policy. Necessary cookies are absolutely essential for the website to function properly. Infrastructure overhaul will see Africa’s development accelerate in the coming decade. So now that we have 100.000 to 200.000 telco subscribers in Tanzania, now let’s plug in the $12 billion ADA market and allow people to start making loans directly to the people and generate real economic value. Libertex – Buy Cardano in South Africa with Low Fees Another excellent choice for SA users looking to buy Cardano coin is Libertex, a Russian-based popular CFD platform that was founded in 1997. What O’Connor announced yesterday does indeed promise mainstream blockchain adoption in Africa. For South Africa, he said, it is an “interesting project” involving insurance. Earlier this week, the Director of African Operations at IOHK, John O’Connor, announced that Cardano is about to secure a contract with the Ethiopian government in Africa. Cardano: IOG reveals world’s largest blockchain deployment in Africa. Read more! The content of this website solely reflects the subjective and personal opinion of the authors. A second project in Tanzania is also close to be finalized. IOHK will not only give each telecom customer a digital identity, but also offer ADA as a payment method. It is mandatory to procure user consent prior to running these cookies on your website. The company behind Cardano works with 5 "target countries" in Africa and will have 100 million users within a year or two. For their mission, the Cardano team is aggressively pursuing the Fortune 500 companies to sell on Cardano and accept ADA as a payment mechanism. That number was 21.45 billion on January 1, 2021. Cardano in Africa. O’Connor hopes that by the end of the month of February, all the processes will be completed so that the announcement can be made publicly as part of the monthly IOHK update show with interviewees from the country. What I can say is that we are at the final stages of a large government contract which would have multimillion users being onboarded onto the platform for a real world blockchain implementation. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. As well as a younger, more in-tune leadership that’s cognizant of blockchain technology’s potential benefits. He has repeatedly indicated that his company IOG (formerly IOHK) has numerous projects for Africa in the pipeline. With that in mind, Cardano’s foray into Africa is somewhat of a genius move. Other African nations are also expected to be part of various projects; hopefully we will know more once the conference has completed. News, a couple of weeks ago, that he & Cardano are betting on the strong interest of Fortune 500 companies to expand into the developing world like Africa. 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Cardano Creator Charles Hoskinson remarks on the new deals in Africa and says this will carve out a path for the entry of millions of new users into the Cardano Ecosystem.. Cardano has had a strong existence in Africa for years. Hoskinson spoke about how this fits with a young demographic of digital natives who are tech-savvy. 08/02/2021. Anything Cardano with South Africa will be HUGE news. Cardano: IOG reveals world’s largest blockchain deployment in Africa. Published. Critics often point out that crypto use cases are like looking for solutions to problems that don’t exist in the western world. But the fact that the projects are so big, as John O’Connor, Director of African Operations at IOG, revealed in an interview yesterday, may have surprised even longtime members of the Cardano community. Charles Hoskinson, the founder and CEO of IOHK, has been outspoken about the potential Africa has for blockchain adoption, saying that his company was working on a number of projects aimed exclusively at the continent. But obviously this is also a government process as well. Giving the example of Pakistan’s phone network, Hoskinson said officials in the country did not go down the copper cable route. In #Cardano On Thursday (March 18), Charles Hoskinson, Founder of Cardano, as well as Co-Founder and CEO of IOHK, gave the keynote address at the two-day Blockchain Africa Conference 2021. At CNF he is responsible for technical issues. If you continue to use this site we will assume that you are happy with it! 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But the biggest driver of change in Africa is the need to overhaul every major administrative, legislative, and financial system over the next decade or so. “If you look at Starlink, if you look at the rate of people coming online, if you look at the demographics of the governments, it used to be all the leaders were in their 70s to 80s, and they were kind of leftovers from bad eras, now they are younger, they are in their 40s and 50s, they are western educated…”. “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.”. Charles Hoskinson, the creator of Cardano (ADA), has been outspoken about the huge potential of Africa for the adaptation of blockchain technology. Once smart contracts and native assets are deployed on the Cardano mainnet with the full launch of Goguen, O’Connor expects a massive push in terms of developments from the community, because right now it’s simply not possible. As Connor stated, IOG wants to make “some serious movement into the financial inclusion” with this. He has time and again stated that his firm IOG (previously IOHK) has several ventures for Africa in the channel. The company behind Cardano is working with 5 “focus countries” in Africa and will onboard 100 million users within the next year or two. In a new video entitled, Musings About the Roadmap, Hoskinson shares that IOHK (Input Output Hong Kong) Global intends to scale in size across the globe, with a focus on growing its business in Africa. In the past, Charles Hoskinson, inventor of Cardano, has been vocal about the huge potential of the African … To the world, Africa is an impoverished continent with starving people having little to no hope of a better future. For example, Atalia is an enterprise blockchain solution that can provide the infrastructure required to run a government. According to John O’Connor, the director of African Operations at IOHK, the project could add millions of users to Cardano for real-world blockchain … Charles Hoskinson, the founder and CEO of IOHK, has been outspoken about the potential Africa has for blockchain adoption, saying that his company was working on a number of projects aimed exclusively at the continent. We have quite reasonable plans to on board 100 million users on this identity platform within the next year or two. Instead, Pakistan jumped straight to 4G towers. The world has come to believe a media-fuelled stereotype of Africa and Africans. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. I am not including speculative asset trading […] but an actual real world deployment in the world. As O’Connor said, IOG is in the final stages of a large government contract that will bring several million people onto the Cardano blockchain: Unfortunately, I can’t show as much as I like. While it is true that several regions in Africa are underdeveloped, there are nice places. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. Why is Cardano focusing on Africa? Cardano (ADA) is tied to Africa’s future As Hoskinson revealed, IOG opened its first office in Africa in Ethiopia two years after the start of the construction of the Cardano protocol. Ethiopian agritech and the blockchain! 3:00 Cardano and fertilizer vouchers 3:30 International fertilizer development center 4:15 2018 Cardano news! Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. So getting the contracts done, done getting everything agreed, is a very lengthy process. When asked why Cardano is targeting Africa, Hoskinson said the region represents a promising prospect. IOHK, the company behind Cardano, is one of just a handful of companies actively working in Africa. Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. All projects are expected to reach several million people, so IOG will attract 100 million users in the first stage. Whilst that may come across as a broad-brush type of declaration, Cardano has taken steps to give credence to what might be their claim to walk the walk. 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The project will focus on providing Internet access to people who do not have it. No doubt, the coming weeks and months will reveal the extent of the brilliance. By clicking “Accept”, you consent to the use of ALL the cookies. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & … The focus of the project will be Atala PRISM, which will be a decentralized identity solution based on the Cardano blockchain that will allow people to own their personal data and interact with organizations seamlessly, privately and securely. IOHK on the brink of securing a massive Cardano government contract in Africa. Cardano is already working with African countries on the adoption of blockchain technology by building blockchain for governance in the region. As previously mentioned, Cardano is also working hard to become fully decentralized and remove itself from IOHK’s management. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. You also have the option to opt-out of these cookies. South Africa: Here, Cardano is working on a project centered around insurance identity for millions in the highly populated country; it is estimated that 100 million users may be brought in on the first stage. The project will be the largest “real word use case” in the still-young history of blockchain, O’Connor claimed: I think that this deployment will actually be the largest blockchain deployment done anywhere, period. These cookies do not store any personal information. IOHK, the company behind the Cardano blockchain, is in the final stages of securing a huge government contract in Africa. One of the design principles articulated by Cardano is the exploration of social elements of commerce. … Cardano adopted by the South African government? After these five focus countries, we got plans for another 15 countries which we will be working on after we delivered on these first five. His goal is to make the world aware of cryptocurrencies in a simple and understandable way. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. He starts with Ethiopia. Charles Hoskinson, the founder of Cardano, believes that the DeFi revolution will occur in Africa. This is a sort of 10x improvement in real world terms what currently being done is in this area. Large companies in the Fortune 500 may face some payment problems in regions such as the Middle East and Africa. This gave better coverage at a fraction of the cost and reduced installation time. Cardano founder Charles Hoskinson is updating the crypto community on the company’s plans to expand operations. Buy and Sell Cardano / ADA on South Africa's largest Crypto Exchange This will change in the coming months. Cardano In Africa. These “copper cables” greatly reduce the need for blockchain technology. But the two projects in Ethiopia and Tanzania are just the beginning. The decentralized cryptocurrency network founded by Hoskinson, which intends to take the lead in the DeFi space by developing partnerships in the African … Charles Hoskinson seems to notice the continent’s untapped potential, and he’s out to fully capitalize on it. Contact us Ada Pools data shows that in total, more than 22.2 billion Cardano have been staked. The entire range of … February 13, 2021 The CEO of IOG formerly IOHK, Charles Hoskinson, who is the creator of Cardano (ADA), has pointed out in a recent video that the cooking deal between Cardano and an African nation will be the largest user acquisition in the history of the cryptocurrency industry. About us While speaking to forkast.New, Charles Hoskinson, CEO of IOHK Foundation, provided scintillating glimpses about his plan for the year.The main person behind the creation of Cardano blockchain asserted that Fortune 500 enterprises intending to extend their reach in emerging economies in Africa and Middle … Cardano’s efforts in Africa are broad in scope. As O’Connor also revealed, IOG has three other “focus countries”: South Africa, Kenya and Nigeria. IOHK, the company behind Cardano, is one of just a handful of companies actively working in Africa. For better or worse, developed nations already have legacy infrastructures in place. In addition, after the 5 focus countries, 15 more African countries are expected to follow: That should be just the beginning. In the past, Charles Hoskinson, inventor of Cardano , spoke about the huge potential of the African continent for the adaptation of blockchain technology. The Cardano Founder was presumably referring to Cardano’s recent deal with an African government. But that’s not just in Ethiopia. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Charles Hoskinson, Cardano inventor, has been outspoken regarding the enormous opportunities offered by the African continent for the implementation of blockchain technology. renotrader.net Africa’s Digital FocusAfrica is an extremely young continent with a large focus on digital developments. And repeat visits notice the continent leapfrogging other nations in the coming decade beyond cryptocurrencies Jake... Speculation makes cardano in africa the primary use case for cryptocurrency with an African government crypto news Flash is your number source... Face some payment problems in regions such as the Middle East and Africa this fits with a young demographic digital... 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