Yahoo Finance Highlights How Cardano Is Impacting Everyday Life
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Cardano (ADA), the third-generation blockchain project and emerging smart contracts platform, has been taking vital steps to penetrate into Africa. The blockchain project has made headway in this regard and Yahoo Finance is acknowledging this fact.

In April, Input Output Global (IOG), the firm behind the development of Cardano (ADA), sealed a partnership with Ethiopia’s Ministry of Education to enlighten millions of students in Africa, starting from Ethiopia.

Read Also: Charles Hoskinson: Mike Novogratz Called Cardano a “Weird Cult” Because There Is No Means for Manipulation

Reacting to this major milestone, Charles Hoskinson, the creator of Cardano said:

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“When these millions of students graduate, as they go into the economy, eventually this infrastructure can be used for buying property, for payments, for voting and all other matters of their economic life.”

Yahoo Finance Highlights the Significance of Cardano to Students In Ethiopia

In an article published on 11th June titled “Blockchain in Action: How Tech Is Changing Everyday Lives”, Yahoo Finance highlights the significance of Cardano’s progress in Africa.

The article reads in part as follows:

“In Ethiopia, the blockchain is helping improve outcomes for students. Cardano’s recent launch shows how they’re becoming involved in education in the region.

Read Also: World Mobile Is Raising $40M in Cardano-Based Token Sale to Connect African Online

“Founded by one of the original Ethereum co-founders, Charles Hoskinson, Cardano might be similar to Ethereum, but it distinguishes itself through a commitment to peer-reviewed academic research.

“In April it announced a partnership with the Ethiopian government that would give it a platform to demonstrate and prove the practical applications of blockchain technology, namely their Cardano network. 

“The Ethiopian government signed a deal to create a national database of student and teacher identifications (IDs) using a decentralized digital identity solution.

“The deal involves providing 5 million student IDs across 3,500 schools. The IDs will be used to store educational records for all these students, something that has never been possible in Ethiopia before now.

Read Also: Cardano Smart Contracts Implementation Hits Milestone with the Release of AlonzoBlue 2.0 to the Testnet

“Hoskinson believes that this deal will go beyond maintaining student records. He feels the technology put in place now will benefit students across Ethiopia for years to come.”

The partnership will greatly benefit students in Ethiopia. This implies that students won’t have to rely on their final grades to get to University, which is an alternative and a better chance at success.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.