Cardano enters Ethiopia with enterprise blockchain framework Atala 🚨 This article is 6 years old...
Cardano enters Ethiopia with enterprise blockchain framework Atala
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Updated: Apr. 28, 2020 at 10:36 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Charles Hoskinson, CEO of IOHK and founder of Cardano, announced the launch of Atala, an enterprise blockchain aimed at helping governments in developing countries build systems for voting, property registration, and supply chain, as reported by Forbes contributor Rachel Wolfson.
On Apr. 30th, Charles Hoskinson announced the launch of Atala, IOHK’s enterprise blockchain solution similar to IBM’s open-source Hyperledger Fabric.
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,” said Hoskinson to Forbes.
The system will focus on governments in developing countries, especially in Africa. Atala will first be used in collaboration with the Ethiopian government for building a payment system in the country’s capital, Addis Ababa.
The framework will be introduced to other African countries if the deployment is a success, potentially enabling these countries to leapfrog legacy infrastructure and digitize directly, like what was seen in Estonia.
Unlike Hyperledger Fabric, Atala will also focus on cryptocurrency adoption. The lack of payment infrastructure in Africa provides even more reason to use the nascent technology. The new framework may open Cardano’s Ada to Ethiopia’s market of over 105 million people.
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Input Output Hong Kong (IOHK) is a research and development company committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all.