IOHK on the brink of securing a massive Cardano government contract in Africa ๐จ This article is 4 years old...
IOHK on the brink of securing a massive Cardano government contract in Africa
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Updated: Feb. 8, 2021 at 8:58 pm UTC
Children run down the street after school lets out in Ale, Ethiopia. Photo by Taylor Wilcox on Unsplash
IOHK, the company behind the Cardano blockchain, is in the final stages of securing a huge government contract in Africa. According to John OโConnor, the director of African Operations at IOHK, the project could add millions of users to Cardano for real-world blockchain implementation.
IOHK making major strides in Africa with real-world blockchain solution built on Cardano
While Africa has long been touted as the next big frontier for blockchain technology, few companies have actually gone through with their plans to invest in its developing countries. IOHK, the company behind Cardano, is one of just a handful of companies actively working in Africa.
Charles Hoskinson, the founder and CEO of IOHK, has been outspoken about the potential Africa has for blockchain adoption, saying that his company was working on a number of projects aimed exclusively at the continent.
And while there is still no concrete information coming neither from Hoskinson nor from IOHK, the latest report have shown that whatever IOHK is working on in Africa is in its final stages of development.
In an interview with the Proof of Africa, John OโConnor, IOHKโs director of African Operations, revealed that there is a real-world blockchain solution being built on Cardano thatโs designed specifically to be released in Africa.
โWhat I can say is that we are at the final stages of a large government contract that would have multimillion users being onboarded onto the platform for real-world blockchain implementation,โ he said in the interview.
Decentralized identity solutions coming to five major African countries
While OโConnor is based in Ethiopia, he said that IOHKโs project will focus on other African countries as well. IOHKโs focus countries include South Africa, Kenya, Nigeria, Tanzania, and Ethiopia. Another 15 will be added to the list in the near future, he revealed.
The companyโs work in Tanzania will provide each user of the countryโs telecom providers with digital identity and access to the ADA payment network on Cardano. When it comes to South Africa, OโConnor said that IOHK was working on an โinteresting projectโ involving insurance.
What is clear so far is that almost all of the projects IOHK is working on in Africa will be based on Atala PRISM, the companyโs identity solution.
โWe have quite reasonable plans to onboard 100 million users on this identity platform within the next year or two. This might seem ambitious, but actually, the scale of the African continent means that itโs quite realistic,โ OโConnor explained in the interview.
All of the process required to launch the mysterious African solution should be done by the end of February, he said, adding that the team at IOHK will be the one that makes the news public. According to OโConnor, the deployment has the potential to be the largest real-world blockchain deployment in the world.
Cardano Market Data
At the time of press 8:58 pm UTC on Feb. 8, 2021, Cardano is ranked #4 by market cap and the price is up 13.9% over the past 24 hours. Cardano has a market capitalization of $21.98 billion with a 24-hour trading volume of $8.9 billion. Learn more about Cardano ›
Crypto Market Summary
At the time of press 8:58 pm UTC on Feb. 8, 2021, the total crypto market is valued at at $1.3 trillion with a 24-hour volume of $198.04 billion. Bitcoin dominance is currently at 62.30%. Learn more about the crypto market ›
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Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Input Output
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.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.
