- IOHK is developing a new blockchain to serve African nations.
- Ethiopia will be the first country to make use of the new protocol.
- Market participants seem to have welcomed the news as Cardano’s ADA token holds on top of stable support.
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The Cardano Foundation is making strides in expanding the utility of the ADA network. The organization recently revealed a new identity solution to improve the education system in Ethiopia.
A Blockchain-Based National Identity
IOHK, the development team behind Cardano, revealed a partnership with the Ethiopian Government to develop a blockchain-based system to track educational progress among students in the nation.
The minister of education, Getahun Mekuria, confirmed that his agency is interested in taking advantage of the benefits of blockchain technology to help “improve the quality of education.” The identity solution protocol will enable the federal agency to monitor school performance and boost education efforts across 3,500 schools with 5 million students and 750,000 teachers.
By digitally recording and verifying grades, the Ministry of Education will identify areas of under-achievement and allocate resources accordingly.
“Ethiopia’s Sheba Valley is already recognized as the leading AI hub in Africa, 70% of our University graduates are in STEM subjects, and we are now leading the way in using blockchain to digitalize education. This forms a key plank of our National Digital Transformation Strategy and will underpin a uniquely transparent, data-driven education system based on a dynamic curriculum. We believe blockchain offers a key opportunity to end digital exclusion and widen access to higher education and employment,” said Mekuriya.
The blockchain-verified digital qualifications system is expected to reduce fraudulent university and job applications, adding transparency to the Ethiopian workforce.
IOHK’s Atala PRISM identity solution is still in the early stages of…