Cardano Founder Collaborates With Ethiopian Government To Create Cryptocurrency For Its Population of 105M

Charles Hoskinson, founder of Cardano (ADA) and CEO of IOHK, announced the launch of Atala, an enterprise blockchain framework aiming to provide financial services to billions of people living in African countries, according to a report by Forbes on April 30.

Hoskinson is well known for his travels around the world, and we are finally beginning to see the purpose of these trips with the announcement of Atala, which will first be used in collaboration with the government of Ethiopia to develop a new cryptocurrency for the nation.

Atala: A Powerful Blockchain Framework for Governments in Developing Nations

According to Hoskinson, Atala is a groundbreaking blockchain framework built from the ground up to serve real-world use cases such as property registration, supply chain management, voting systems, and cryptocurrency adoption.

Per the Forbes report:

“Atala is an enterprise framework similar to Hyperledger Fabric. However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system.”

The first implementation of the Atala framework will be used to develop a cryptocurrency for the Ethiopian capital, Addis Ababa, to provide a secure and dependable means of payment.

Announcing this development, Hoskinson said:

“We are working with the Ethiopian government to create a new digital payments system that will allow six million users to pay their power and electric bills with cryptocurrency. We want to eventually combine this with an identity card.”

Moreover, the Atala framework will be introduced to other African countries with the aim to enable a new smart economy and will also service enterprise industries seeking blockchain adoption.

Atala on Blockchain Interoperability

In addition to Atala’s goals of blockchain adoption in both government and enterprise sectors, the framework is also attempting to solve the problem of blockchain interoperability.

Hoskinson strongly believes that blockchain interoperability is needed to facilitate the mass adoption of this nascent technology. He says the lack of interoperability is very problematic for enterprises and the adoption of crypto.

Providing an example, Hoskinson said there are 15 million farmers in Ethiopia, and none of them have the desire to use cryptocurrency.

However, if they were to get on a blockchain-based supply chain system, they would be a part of a network. And if that network was interoperable with Cardano, Hoskinson says the adoption of a Cardano cryptocurrency to 15 million people would come naturally.

Do you think Cardano (ADA) will slingshot past Ethereum (ETH) in terms of adoption if they penetrate the African market? Let us know what you think in the comment section below.

8 Comments

  • Follower of Jesus
    Posted May 2, 2019 2:57 am 0Likes

    This is the begining of going to hell. Ypu are registrring to serve the devil. The mark you are getting is 666. It has already statef in the bible Revelation. Beware! Beware! Neware!

  • Um Trippin
    Posted May 2, 2019 8:27 am 0Likes

    Um, you’re trippin

  • Noddy
    Posted May 2, 2019 12:42 pm 0Likes

    How will this new Crypto developed for Ethiopia help investors in ADA?

    • Noddy
      Posted May 2, 2019 4:23 pm 0Likes

      Now l can answer my own question, l should known, IT WON’T.ADA is nothing to do with Ethiopia. ADA investors have just about had enough of Cardano, Hoskinson and his non performing block chain.

  • Jose
    Posted May 2, 2019 7:00 pm 0Likes

    Dear Ethiopian,
    We need to take this issue seriously. We Ethiopian don’t understand how this people think. There is no way this guy to come and help us free. The crypto currency theory and practice still not yet clear for many of us, even for developed countries. Please stop this guy doing this stupid and selfish act. If this thing is necessary to Ethiopian people and it must be done by Ethiopian and Ethiopian only. There are many creative Ethiopians who are working in this area and they can run this kind of project. We need stop this type of people to come to our country. They are seriously greedy people.

  • Jose
    Posted May 2, 2019 7:09 pm 0Likes

    Your are dead and arrogant person.

  • Joe
    Posted May 3, 2019 12:06 am 0Likes

    Here in there country they can’t work as IT person, all IT fields control by Indian and China people. They are not creative people anymore they are one of dude and damp people. Thay can’t create anything and they are not computant people anymore. Please don’t deal anything with this extremely greedy and toxic thinker

  • What's In A Name
    Posted May 3, 2019 11:59 am 0Likes

    Fix power issues first…then water, then network, then other basic infrastructures… Let’s be realistic here. We’re not functioning well with the hardcurrency, let alone the crypto. First thing first.

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