DailyCoin
Published Aug 10, 2021 10:00AM ET
Updated Aug 10, 2021 10:30AM ET
Project Ethiopia. Cardano’s Charles Hoskinson Cares About Quality Human Rights
The Cardano Strategy
Since its launch, the project has run with the intention of reaching underdeveloped nations by banking the unbanked, with a specific interest in the African markets.
The opinion expressed by Charles Hoskinson, the founder of Cardano, and IOHK’s CEO, is one the project has lived by. Cardano has engaged African stakeholders in a bid to deliver projects that solve real market issues in Africa.
Cardano has also been educating local developers on how to create solutions for local problems in said unbanked regions. In April, we reported that IOHK had signed a memorandum of understanding (MOU) with the Ethiopian Government to “train and hire junior software developers and use Cardano in its agriculture industry.”
Human Rights is the Priority: Hoskinson
Cardano is currently collaborating with the Ethiopian Ministry of Education to create a universal credentialing system for their students. The IDs, created by Cardano, will be paired with data from the Ministry’s learning management systems.
When interviewed about the progress of the system, Charles Hoskinson responded:
“We’re a big believer in quality human rights. Regimes like China or Saudi Arabia have an onerous record of very significant institutional violations. There, it makes no sense to build identity solutions or blockchain solutions.”
He further explained that the goal of Cardano is to “improve the systems of the world for everyone, everywhere.” Thus, reiterating Cardano’s reasons for delving into the African market.
How Is Cardano Doing in Ethiopia?
According to the founder of Cardano, the collaboration has currently registered around 1 million people already. He further elaborated that the first launch should be sometime in September or October this year.
Before the launch, Hoskinson envisions that the project will have gotten around to 5 million people. Going beyond the educational system of Ethiopia, Cardano and IOHK’s plan is to expand the project to the whole national ID system, which would be about 110 million people.
Cardano has not built a standard credential system with the Ethiopian Ministry of Education. According to Hoskinson, this will be the first universal credentialing system – that records the grades, academic accomplishments, honours, and all matters concerning the students.
On The Flipside
Cardano’s Market Performance
2021 has been a great year for Cardano, during the downtrend, Cardano earned the title of the “rising Phoenix” with some referring to it as the most trustable coin.
Cardano opened 2021 with a value of $0.18 per coin, but Cardano is now trading at $1.48 at press time. This 7X price rise has seen Cardano become the fifth-largest cryptocurrency, with a market cap of $47.5 billion.
Why You Should Care
Cardano may just be revolutionizing the credential system being used around the world. A single system that holds the records, grades, academic accomplishments, and honours of every student.
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