Cryptocurrency can support the functioning of a state, the proof

The blockchain and Cardano cryptocurrencies, which compete with Ethereum in exchanging and creating decentralized projects, will contribute to the digital development of a state. Ethiopia has just confirmed that an agreement has been reached between its government and the IOHK company.

IOHK was founded in 2015, invested in cryptography and launched its own blockchain, known as the digital token “Cardano”. While Bitcoin and Ethereum are seeing their respective prices explode and institutions are interested in them, Cardano like other altcoins and blockchain like Stellar are trying to attract public actors in addition to industrial acceptance.

In Ethiopia, this new treaty will be a symbolic application. The government intends to rely on Cardano for its digitization plan, “a huge project that the government is involved in,” commented our colleagues at Digital Business Africa. By 2025, the country intends to transform several sectors, including education, health, transportation and agriculture.

In a statement, IOHK said: “We have long recognized that developing countries can particularly benefit from blockchain technology due to the lack of integrated and established digital systems, but also because blockchains are cheaper than infrastructure. Heavier.” “”

The Ethiopian Education Minister said if #Cardano is successful in education, it can be successful in other industries as well. Ethiopia will likely use Cardano for other services in the country. pic.twitter.com/VMxONCwdwW

– Cardanians.io (🏊 Participation in us 👉 CRDN3 or CRDN2) (@Cardanians_io) April 29, 2021

Ethiopia is closely followed by Kenya, Nigeria and South Africa, which have also announced their intention to introduce blockchain to carry out their digitization projects. But Ethiopia presents itself as perhaps the biggest digital challenge of the four, with only 15% of the population with internet access, rural dominance and rebel occupation in the north of the country (Tigray region).

Cardano for 5 million students

On the education side, no fewer than 3,500 schools, 5 million students and 750,000 teachers are affected and could soon use the services developed on Cardano. “Making blockchain with IOHK is like a dream come true,” commented Ethiopian Education Minister Getahun Mekuria.

The infrastructure will create a national identity network to track the progress of each student. These sessions can be linked to tools that can be accessed on digital tablets. The government expects an investment that will make it possible to equip the 3,500 affected schools with a high-quality Internet network.

However, the government did not want to disclose the amount of the investment or that of the specific contract with IOHK. In order to counteract the unequal possession of smartphones and computers by students, NFC smart cards should be used so that everyone can show their files including their dematerialized diploma.

“I studied at Oxford and was fascinated that there were no Ethiopian students. When I asked about it, I was told so [l’université] didn’t recognize their titles. They don’t have enough information on what’s going on in Ethiopian universities, ”said John O’Connor, Director of Operations at IOHK Africa.

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