Cardano CEO Successfully Signs Deal With Ethiopian Government

IOHK on the brink of securing a massive Cardano government contract in  Africa | CryptoSlate

Charles Hoskinson, CEO of Input Output Global (IOG), the firm behind Cardano, hinted at the official signing of a deal, dubbed “Africa Special,” with the Ethiopian government. 

Hoskinson  posted  on Twitter a puzzle picture decoded by the Cardano community. She offers strong evidence that the Ethiopian government is ready to use the Cardano blockchain. 

In his post, he shared two photographs, one of which shows a gray-haired Turaco bird of Ethiopian origin. Next to the bird was a picture of John Hancock, an American merchant and former President of Congress at the time of the Declaration of Independence. He is known for his big signature on the Declaration.

For some reason, I have this strong desire to tweet these two pictures. Must be the blending of my ornithological endeavors with my love of 18th century American history…. Charles Hoskinson (@IOHK_Charles) April 3, 2021

Since the deal has already been signed, the Cardano community is awaiting an official announcement. A few days earlier, Hoskinson said the announcement should be expected in April, but did not mention when to expect the announcement.

“So this is the last mile. We have reached the point where we are very confident. Everyone wanted the deal to be done, and no one doubts it anymore. We suggested dropping bureaucracy and starting to scale and build. Our plans are directly related to the peculiarities of Africa, ”said Hoskinson.

Hoskinson previously indicated that the agreement has passed the necessary stages, including the approval of a special committee. The final step was to obtain the signature of the relevant minister. 

Possibilities of using Cardano in Ethiopia

The Cardano blockchain, among other operations, will potentially power the national  identity system for  Ethiopian citizens. The new electronic system seeks to reliably identify every citizen and resident of Ethiopia.

In addition to Ethiopia, the Cardano team is exploring the possibility of expanding to other African countries with plans to establish a laboratory. IOG plans to invest $ 10 to $ 20 million annually in strategic investments in infrastructure, training and project development.

Development began after Cardano  announced it  had achieved 100% decentralization for block production. Africa has attracted blockchain developers due to the low financial availability of the population not absorbed by banking services. 

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