The Ethiopian government signed a memorandum of understanding (MOU) announcing it was partnering with Cardano to help the local agriculture industry, reported The Next Web on May 3.
Cardano will educate Ethiopian developers on how to use the blockchain technology with training through this agreement.
Charles Hoskinson, Cardano’s Founder, and Ethereum’s co-founder mentioned in a tweet,
“Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry.”
Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry pic.twitter.com/r06W0RSZye
— Charles Hoskinson (@IOHK_Charles) May 3, 2018
The Director of African Operations at Cardano’s parent company IOHK, John O’Connor, expressed that Ethiopian developers will be using Cardano’s platform by the end of 2018, but no start date has been announced yet.
“This year we will offer our first course in Africa, probably in Ethiopia, and expect the first cohort of Ethiopian developers to be contributing to Cardano code by the end of the year,” he mentioned.
By market capitalization, Cardano is currently ranked number 6 with a value of approximately $9.4 billion. The blockchain startup is using a Proof-of Stake (PoS) protocol instead of using a Proof-of-Work (PoW) protocol, which is more energy efficient.