The founder of Cardano and the CEO of IOHK has announced the launch of a blockchain solution to help the people of Africa, in collaboration with the Ethiopian government.

Charles Hoskinson plans on launching a blockchain framework titled “Atala.” The framework is set to mirror the Hyperledger Fabric which is used by IBM Blockchain. Atala’s mission is to be an option for not only companies looking to implement new products, but governments in these developing countries as well.

In an interview with Forbes, Hoskinson spoke on how Atala plans on catering to governments:

“However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system.”

Some examples of how the framework can be put into real world applications include a voting system, supply chain management, property registration and more. Atala is also dedicating some of its focus to crypto adoption in Ethiopia that will “provide a secure and dependable means of payment for the nation’s capital.”

Hoskinson spoke on how he plans to implement crypto adoption for Ethopia:

“We are working with the Ethiopian government to create a new digital payments system that will allow six million users to pay their power and electric bills with cryptocurrency. We want to eventually combine this with an identity card.”

TAKE OFF! 3 Potential Buys for May! Subscribe to the Chepicap YouTube Channel for more videos!

Follow Chepicap now on Twitter, YouTube, Telegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio

(Excerpt) Read more Here | 2019-05-05 02:26:50
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.