Cardano has been beyond the Web3 industry and has supported the development of education, finance and connection beyond the new initiatives in Africa.
Let’s dive with Cardano’s various projects built in Africa and the positive changes introduced throughout the continent.
Cardano Foundation and work in Africa
Charles Hoskinson, co -founder of Etherium, founded Cardano (ADA) and the platform began in 2017. Cardano’s vision is a blockchain for change, redistributing distributed power, security and sustainability for distributed applications, systems and society.
In Africa, many people cannot access traditional banks or appropriate ID cards on the continent of more than 1.4 billion people, and the government lacks transparency.
Cardano solves the problem with a safe and transparent blockchain with a solution that helps to give permission to the community.
Cardano blockchain project in Africa
1. Digital identity and education
Cardano partnered with the Ethiopian Education Department in 2021 to create a decentralized identity solution. The identification of the blockchain is made for more than 5 million students and teachers.
Digital identity allows you to support student records, grades and employment tools. This technology is constantly tampered with.
Cardano’s blockchain implementation proves the educational effect of blockchain use in public infrastructure.
2. Give power to the local economy
Cardano’s founding company, Emurgolabs Africa, focuses on the development of blockchain technology across Africa.
The built DAPP is to help a variety of problems in the area where you need a solution for mobile payment, supply chain management and land registration.. The support of this initiative helps for job creation and sustainable business.
3. African connection
Partnerships between Cardano and World Mobile in Tanzania provide cheap distributed connections through solar networks.
It is paid as a YORI digital wallet of Cardano, allowing digital payment and identity authentication with ADA, a cryptocurrency of Cardano.
The integrated system means that non -banks can participate in the digital economy. Small businesses and residents can get essential resources that are not easily accessible before.
Challenge and criticism
Cardano does not go without challenges and criticism. International governance and innovation centers witness data personal information and humanitarian interests. If the “political wind changes” the data can be used in the wrong hand and can be used for the population.
In the “headache of encryption colonialism,” journalists explore the concept of an innovator who can see the vulnerable community as an ideal condition for exploitation of poverty and corruption without fixing things. Cardano had a problem in ensuring pilot projects, communities and NGO directors.
I am looking for it in the future
Africa’s Cardano operation is expected to continue to grow in 2025. Cardano’s technology functions as a changing tool, enabling distribution and verification to become an innovative technology beyond the initial purpose as a payment system.
Cardano’s African performance proves how blockchain technology works in a different way from the previous encryption system application.
Despite criticism, this project is an important example of the potential for blockchain development for actual transition.