Ethiopia project. Cardano’s Charles Hoskinson cares about high quality human rights
- Cardano’s Memorandum of Understanding (MOU) with the Ethiopian government provided for the creation of a universal enrollment system for Ethiopian students.
- In light of the collaboration with the Ethiopian Ministry of Education, Cardano’s founder Charles Hoskinson has stated that the project is “a great believer in high-quality human rights”.
- The project currently has around 1 million people on board, and the IOHK is planning to launch the ID system for the first time in September or October.
- Hoskinson has announced that the project will be up and running throughout Ethiopia’s national ID system.
The Cardano strategy
Since its inception, the project has aimed to reach underdeveloped countries by offering unbanked banks with particular interest in African markets.
The opinion of Charles Hoskinson, the founder of Cardano and CEO of IOHK, is an opinion according to which the project lived. Cardano has hired African stakeholders to deliver projects that solve real market problems in Africa.
Cardano has also trained local developers to develop solutions to local problems in these unbanked regions. In April we reported that IOHK had signed a Memorandum of Understanding (MOU) with the Ethiopian government to “train and hire young software developers and use Cardano in its agricultural industry”.
Human rights are a priority: Hoskinson
Cardano is currently working with the Ethiopian Ministry of Education to create a universal enrollment system for their students. The IDs created by Cardano are paired with data from the ministry’s learning management systems.
In an interview on the progress of the system, Charles Hoskinson replied:
“We firmly believe in high quality human rights. Regimes such as China or Saudi Arabia have had an onerous record of very serious institutional violations. There it makes no sense to build identity solutions or blockchain solutions. “
He went on to state that Cardano’s goal is to “improve the world’s systems for everyone, everywhere”. This confirms Cardano’s reasons for entering the African market.
How is Cardano doing in Ethiopia?
According to the founder of Cardano, the collaboration has already registered around 1 million people. He went on to say that the first launch should take place sometime in September or October of this year.
Before starting, Hoskinson expects the project will have reached 5 million people. Beyond Ethiopia’s education system, Cardano and IOHK plan to extend the project to the entire national ID system, which would include approximately 110 million people.
Cardano has not set up a standard registration system with the Ethiopian Ministry of Education. According to Hoskinson, this will be the first universal registration system that will record grades, academic achievement, honors and all matters pertaining to students.
On the downside
- Despite the increasing adoption, use, and evaluation of the ADA, the benefits of Cardano have still been questioned by some.
- Skeptics like Michael Novogratz of Galaxy Digital LPs and Nic Carter of Castle Island Management LLC have questioned Cardano’s worth.
- Despite its breathtaking growth, Michael Novogratz has described Cardano as a “strange cult”.
Cardano’s market performance
2021 was a great year for Cardano, during the downtrend, Cardano earned the title of the “rising phoenix” which some consider to be the most trustworthy coin.
Cardano opened at $ 0.18 per coin in 2021, but Cardano is now trading at $ 1.48 at press time. This 7-fold increase in price made Cardano the fifth largest cryptocurrency with a market capitalization of $ 47.5 billion.
Why you should care
Cardano may just revolutionize the login system used around the world. A single system that contains each student’s records, grades, academic achievements, and honors.
Join in to learn the downside of crypto
Update your inbox and receive tips from our DailyCoin editors straight to your inbox once a week.
You can unsubscribe at any time with just 1 click.
Read on on DailyCoin