A Country Partnering with Cryptocurrency?

This news somewhat slide under the radar since it effects Africa more than any other country, but it is an example of the potential there can be between government and existing cryptocurrency.

The developed countries such as European Union, Russia, China and USA have central banks looking into developing their own cryptocurrency, however there are also countries that are leaning on existing altcoins for developing the countries own cryptocurrency.

Cardano partners with Ethiopia

In an interesting partnership is Ethiopia's education leader has come together with Cardano in developing an education program to focus on education of blockchain technology.

“It’s very practical to think of the blockchain technology [as a way] to improve the quality of education.” - Ethiopia's Minister of Education

The program will not come live until 2022 and is currently in a work in progress. As an initial start over 5 million Ethiopia students will have a cardano id that tracks their progress in school and grades. While 750k teachers will have access to these ids. All be under the cardano blockchain.

School topics would be stream on video and recorded and categorized through Cardano's blockchain. All the education material will then been accessible to students through the public Cardano blockchain.

(Courtesy of bitcoinke.io)

Ethiopia hopes the technology will help improve its country's education and push forth Ethiopia into getting a head start to blockchain technology.

In order for the partnership to be achieved some of the western develop countries have donated funds to Ethiopia to help facilitate the partnership. For instance USAID has funded the purchase of tablets and access to internet to 3500 of the public schools in Ethiopia.

Crypto Adoptions needs Applications

Cardano recently went over its all time highs of 2017. True long term holders of the token are not profitable, but better yet is the potential for increase returns as countries such as Ethiopia is using it in the form of an asset.

In its creation Cardano is a proof of stake token and have been advertised to beat out the techonology of ETH, or basically a ETH replacement. However as many know Cardano has not reason in value to the likes of ETH. The reality may come down to adoption of the token. The Cardano team trying to put forth an application to help Ethiopia it is setting itself for a future ahead of its peers. One where if the end users learn and use Cardano then the demand for it will rise. This partnership will have to be looked at again to see how Ethiopia is doing with Cardano.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!