Cardano Will Be Helping Ethiopia To Grow Coffee Using Blockchain Technology
One of the most important blockchain platforms, Cardano, has signed a memorandum of understanding (MOU) with Ethiopia in order to use blockchain technology to grow coffee. In this way, blockchain technology is expanding in the African continent.
Ethiopia Works with Blockchain Tech
According to a tweet from Charles Hoskinson, Chief Executive Officer at Input Output, the Ethiopian government and Cardano are working together to use blockchain in the Agritech industry:
“Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry.”
Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry pic.twitter.com/r06W0RSZye
— Charles Hoskinson (@IOHK_Charles) May 3, 2018
At the same time, the Ministry of Science and Technology of Ethiopia explained in a statement that they are using blockchain technology to ensure Ethiopia’s inclusion to the technological world.
“The FDRE Ministry of Science and Technology is working on adopting, incubating and innovating inclusive technologies,” reads the official website of the Ministry of Science and Technology. “Blockchain, the technology underpinning cryptocurrencies like Bitcoin, is one of the technologies that could revolutionize the world economy. As part of our national responsibility, we are collaborating with IOHK, a global blockchain company, to ensure Ethiopia’s inclusion in to this increasingly powerful technology.”
The MOU signed explains that the parties involved will be studying the ways in which blockchain could be used to track coffee and its supply chain – something that several retail stores are doing with other products such as meat or milk. Moreover, Hoskinson will not only sharing his ideas but also helping developers and researchers to use Cardano’s blockchain.
Cardano (ADA) is now the seventh most important virtual currencies. It has a market capitalization of $8.97 billion dollars and each ADA can be purchased for $0.34 dollars.