Recently, the Ethiopian government reached a memorandum of understanding with cryptocurrency startup Cardano (ADA).. The deal covers Ethiopian software developers’ application of blockchain technology to the country’s agri-technology sector.
Cardano’s CEO and founder, Charles Hoskinson, confirmed the deal on his Twitter account.. Hoskinson reported that this agreement with the Ethiopian Ministry of Science and Technology includes training local developers to use Blockchain technology.
Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry pic.twitter.com/r06W0RSZye
— Charles Hoskinson (@IOHK_Charles ) May 3, 2018
Joh O’Connor, Africa Operations Manager of Cardano’s parent company IOHK, said that Ethiopian developers will base Cardano’s blockchain at the end of 2018. stated that they are expected to start using an agricultural technology platform that takes. The start date for the project has not been announced yet.
Introduced in September 2017, Cardano has a market value of $9.5 billion today.. It uses the Proof-of-Stake (PoS) protocol instead of Proof-of-Work (PoW), which is claimed to cause energy consumption. ADA is trading at just over $0.36 at the time of publication.