According to the portal The Next Web, the Ethiopian government signed a protocol of mutual understanding with the cyber-credit start-up Cardano (ADA). According to the agreement, Ethiopian developers will use the blockchain technology to create technologies in the agricultural sector.
The agreement was confirmed by the CEO and founder of Cardano, Charles Hoskinson, who wrote about it on Twitter. He also noted that the agreement with the Ministry of Science and Technology of Ethiopia will include training local developers for the use of the blockchain technology.
Hoskinson wrote on his Twitter:
“We have just signed a protocol of understanding with the Ministry of Science and Technology of Ethiopia to train blockchain developers and use Cardano in the agro-tech industry”.
According to the director of IOHK, Cardano’s parent company, on African issues John O’Connor, Ethiopian developers will start using the IT platform based on the Cardano’s blockchain by the end of 2018.
The start-up Cardano was founded in 2017. Its cryptocurrency is one of the top ten in terms of capitalization of digital assets with a market capitalization of $9.4 billion. At the time of writing, the ADA rate is $0.36.
Hoskinson also noted that more information about the cooperation between Cardano and Ethiopia is available on the official website of the Ethiopian government.
Recently, the Binance Exchange has partnered with the Ugandan detachment organization Crypto Savannah, aimed at supporting the economic development of the East African country.