Cardano has been selected by the Empowering the ICT Ecosystem in Africa (EICTA) Initiative, which is a collaboration between the governments of Zanzibar and Tanzania and the EU Delegation to Africa. The EICTA Initiative’s goal is to help develop the ICT sector in Zanzibar and Tanzania, and the Cardano blockchain will be the underlying infrastructure of the EICTA Network.
Cardano, one of the most promising cryptocurrencies on the market, has been selected by a new initiative called SEACOIN to create the infrastructure for a new, sustainable internet in southeast Africa. Although little is known about the project at this stage, SEACOIN intends to bring internet access to millions of people in Zanzibar and Tanzania — two of the poorest countries in the world. It is also worth noting that countries with poor internet infrastructure are often the first to adopt cryptocurrencies. Cryptocurrencies like Cardano are already well-established in Africa, and it isn’t a coincidence.
In Africa, Input Output, a research and product development company, will partner with the World Mobile Group on a new initiative to provide users in Zanzibar and Tanzania with sustainable Internet connectivity. As part of the partnership agreement, Cardano’s blockchain infrastructure will be used to provide affordable network nodes to local business owners.
Thepartnership will open up a new world of.
According to a statement announcing some of the details of this working agreement, subscribers to these networks will be able to access the entry-exit solution for digital identity, Atala PRISM. The identity solution will give them access to services such as digital banking, healthcare and education.
In a statement following the announcement of the partnership agreement, Mickey Watkins, CEO of the global mobile phone chain, lamented that some parts of the world have fallen behind technologically due to years of neglect. Yet Watkins believes the symbiotic partnership between World Mobile and Input Output will open up a new world.
Charles Hoskinson, CEO of Input Out, also welcomes the agreement, saying it is a testament to his company’s long-term commitment to the African continent. As a result of this agreement, Input Output now owns a 10% interest in World Mobile Group.
In their joint statement, the companies share some of the reasons that led them to enter into this partnership. For example, it points out that more than 700 million people in Africa are not connected to the Internet. This is due to the fact that mobile network operators do not invest enough in infrastructure. This lack of investment in turn denies Africans access to basic services such as education, banking or health care.
However, Hoskinson said the continued lack of investment could work to the advantage of the African continent. Input Output’s CEO explains:
The absence of deeply entrenched legacy infrastructure makes the transition to blockchain-based infrastructure a relatively low-impact process that allows developing countries to get a head start on advanced developed countries in implementing next-generation infrastructure.
Hoskinson also believes that after years of nascent promises, blockchain technology is finally ripe enough to deliver.
Do you think this partnership agreement will accelerate the adoption of blockchain technology in Africa? Tell us what you think in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons
Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.
This source has been very much helpful in doing our research. Read more about cardano price and let us know what you think.
cardano newscardano pricecardano redditcardano price predictionxrp newsdogecoin,People also search for,Privacy settings,How Search works,bitcoin news today,new cryptocurrency,cardano news,cardano price,cardano reddit,cardano price prediction,xrp news,dogecoin