Cardano’s [ADA] creator Charles Hoskinson brings blockchain to Ethiopia
Cardano [ADA] cryptocurrency founder and a Colorado native, Charles Hoskinson has recently revealed future plans of IOHK. In the popular social media platform, Twitter, Hoskinson posted a video which sheds light on the enterprise that IOHK would execute in African nations. According to a report by BCFocus, another co-founder of Cardano [ADA] Kenji Sasaki backs a start-up based on blockchain for exposing fake academic qualifications.
The co-founder of Input-Output Hong Kong [IOHK], Charles Hoskinson envisions to develop the world with the advanced blockchain technology. The fundamental focus of Hoskinson is providing and incorporating the blockchain technology into systems which lack transparency. In other words, he plans to distribute the technology into systems which experience trust issues.
With the help of blockchain technology, he desires to remove the centralised system and establish the grounds of decentralisation. In the crypto industry, these aims of Cardano [ADA] are significant and would bring about development.
Watch Charles explain the vision after IOHK made a first visit to Africa. Ministers, entrepreneurs and others interested in blockchain are fired up to make change in Ethiopia, Rwanda and beyond: https://t.co/YSHeDp1Lkx #TAS2018 @RealSmartAfrica #SmartAfrica @ImpactHubKigali pic.twitter.com/XDGBgx0JOC
— Input Output (@InputOutputHK) June 21, 2018
In his tweet, Hoskinson states, “About 3 Billion people are unbanked and as the consequence of not having good identity, financial infrastructure; they don’t have the ability to climb out of poverty without a considerable amount of assistance or leaving their country which creates brain drain.”
At the time of entering the crypto industry, Hoskinson pledged to resolve the issues pervading in the developing world. He reaches out to the people by making a humble approach, stating, “This technology has no owner. This technology has no central point of failure. This technology has no one in control. Instead, it’s infrastructure, global infrastructure that no matter what, how rich you are or poor you are, use the same infrastructure.”
The only way out towards the realisation of the world class concept is by developing a chain of capable minds on each end. This network would ensure an efficient knowledge transfer on the pragmatic application of the blockchain technology. In the Ethopian territories, the primary focus of IOHK has been the sector of agro based technology. In this particular sector, the scopes of improvement ranges from insurance to pre-payments and credits.
However, in the words of Hoskinson, the challenge is regarding, “Getting money that lives on the internet; that’s always on, always digital, to work on a cellphone that doesn’t always have an internet connection. That’s challenging.”
Hoskinson is hopeful that introduction of blockchain to agricultural sector can enhance the yielding capacity by nearly two-three hundred percent. IOHK seeks to address the concerning issue of millions of people suffering under any negative system.
Image via Google
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