Input-Output (IOHK), the company behind the Cardano cryptocurrency, plans to build a national ID blockchain system in Ethiopia.

August 26, 2021

The company behind the Cardano cryptocurrency, Input-Output (IOHK), aims to develop a national ID blockchain system in Ethiopia. Dr. Getahun Mekuria, Ethiopia’s Minister of Education, acknowledged the agreement, which intends to create a blockchain-based universal student credentialing system in the East African country. The project, which he described as “the single largest entity deployment of blockchain ever,” is set to launch in Q3 2021, with an initial deployment of Cardano blockchain-based IDs for 5 million students in 3,500 schools. Teachers will have access to the system as well and will be able to generate records and track their students’ academic progress using the IDs. According to Charles Hoskinson, founder of Cardano and co-founder of Ethereum, who told Yahoo Finance that the system will launch in September or October, the firm has a larger goal of spreading outside of the country’s school system. “It’s our intention to compete amongst others for the whole national ID system, which is about 110 million people,” he said. Since 2017, his platform has been exploring the blockchain’s potential in Africa, where IOKH has been involved in initiatives centered on financial inclusion, economic identification, and empowerment. Last year, the company announced ambitions to seek an offline solution for cryptocurrencies, announcing the debut of a new microchip technology that would allow cryptocurrency users to access payment services without needing to be connected to the internet. According to PYMNTS, the chip might be of “greater use internationally” and could be a huge help to countries like Ethiopia, where fewer than 15% of the population is said to be without an internet connection. IOHK is one of the world’s pre-eminent blockchain infrastructure research and engineering companies. They are a fully decentralized remote working organization committed to the highest principles of academic rigor and evidence-based software development. The company builds high-assurance blockchain infrastructure solutions for public, private sector, and government clients. It is also the driving force behind the decentralized and smart contract platform, Cardano.

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