/Cardano Signed an Agreement With Ethiopia to use ADA blockchain in agritech

Cardano Signed an Agreement With Ethiopia to use ADA blockchain in agritech

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Yesterday, Charles Hoskinson, CEO of Cardano, signed a memorandum of understanding (MOU) with the Ministry of Education of Ethiopia. The purpose of this agreement is to train Blockchain developers and research and use Cardano’s agricultural technology.

Charles Hoskinson is the founder of the blockchain development company Input Output Hong Kong (IOHK), which develops the Cardano platform. Founded in 2015, the company has been researching and developing Cardano’s technology and driving its development forward.

Charles Hoskinson confirmed the move in a tweet. Hoskinson stated that the agreement with the Ethiopian Ministry of Science and Technology includes training local developers to use blockchain technology.According to his last Twitterpost, Blockchain developers are to be trained directly in Ethiopia to use Cardano in agriculture in the future:
Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry.

The official website of the Ethiopian Ministry of Education is headed by John O’Connor, Director of Operations in Africa at IOHK:
This year we will offer our first course in Africa, probably in Ethiopia, and expect the first cohort of Ethiopian developers to be contributing to Cardano code by the end of the year.

While MOUs can be used to show intention for action from certain parties, they do not contain any binding obligations. A start date for the project has not been announced.

Launched in late September 2017, Cardano is one of the top ten cryptocurrencies by market capitalization with a volume of $9.4 bln. The altcoin uses a Proof-of-Stake (PoS) system instead of a Proof-of-Work (PoW) protocol, which purportedly is more energy efficient. ADA is trading at $0.36 at press time.

Last week, leading global cryptocurrency exchange Binance partnered with Ugandan blockchain organization Crypto Savannah to support economic development in the East African country.