Ethiopia Welcomes Atala Blockchain Technology Thanks To Cardano (ADA) And IOHK


Ethiopia Welcomes Blockchain Technology Thanks to Cardano

According to an all-new article published by Forbes earlier today, Charles Hoskinson, the CEO of IOHK and founder of Cardano, announced that Ethiopia will soon witness the entry of blockchain technology within its borders thanks to the launch of Atala — an enterprise blockchain solution that has been devised to help foster systems required for voting, property registration, etc. in third-world nations.

A Closer Look At The Matter

In regards to the aforementioned development, Hoskinson announced on the 30th of last month that IOHK's above-mentioned blockchain solution will soon be released for use within the African nation. Additionally, in terms of its design and usability, Atala is quite similar to IBM’s open-source technology ‘Hyperledger Fabric'.

On the subject, the Cardano top-dog further added:

“Atala will serve as a framework for governments looking to build digital systems for public goods such as registrations and deeds, localized currencies, and supply chain tracking. The framework is comprised of a collection of libraries that “would allow governments to rapidly build a product for end users.”

Other Key Details Worth Noting

  1. According to Hoskinson, the new blockchain system will focus primarily on helping the Ethiopian government in creating a novel payment infrastructure that will be first tried out within the nation's capital, Addis Ababa.
  2. If successful, this framework will then be deployed within a host of other African nations so as to help them become digitized and free of issues like corruption, red-tapism, etc.

Final Take

In rounding off this piece, it should be pointed out that quite unlike Hyperledger Fabric, Atala's framework lays a lot of emphasis on cryptocurrency adoption. However, the lack of a tangible payment infrastructure within Africa might somewhat hamper the progress of crypto assets within the continent.

In this regard, if reports are to be believed, Atala may allow the Ethiopian masses (the country’s population is touted to be around 105 million individuals) to easily gain access to Cardano’s native altcoin offering ‘ADA‘.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide