Blockchain research and development company, IOHK, has announced a partnership with the government of Ethiopia. The collaboration will involve a blockchain-based national student and teacher ID recording system to digitally verify grades, remotely monitor school performance, and boost education and employment nationwide.
World’s Largest Cardano Blockchain Deployment in Ethiopia
IOHK, the blockchain research & development company behind the Cardano blockchain, has teamed up with the government of Ethiopia to implement a national blockchain-based student and teacher ID and attainment recording system.
Touted as the “world’s largest blockchain deployment” the roll-out will be implemented for over 5 million students in Africa.
The system will be based on the Atala PRISM and will allow the creation of secure records of “educational performance for 3,500 schools, 5 million students, and 750,000 teachers, giving all pupils verifiable digital qualifications, increasing social mobility, and allowing lesson planning and attainment monitoring.”
The Ethiopian Embassy in the United Kingdom and its Ambassador Teferi Melesse Desta also shared the news on social media.
— Ambassador Teferi Melesse Desta 🇪🇹🇬🇧 (@EthioAmbUK) April 27, 2021
The blockchain-based national identity system is at the core plan for Ethiopia’s Digital Transformation Strategy.
Cardano Picking Momentum
At the time of writing, Cardano (ADA) currently ranks sixth in terms of market capitalization among all cryptocurrencies, with a total market capitalization of $41 billion.
The altcoin last reached an all-time high of $1.55 on April 14, the day of the Coinbase IPO. The token received a boost due to its announced listing on Coinbase Pro earlier in March. At the time of writing, ADA is currently trading around $1.29.
Meanwhile, the CEO of IOHK and founder of the Cardano blockchain, recently claimed that Cardano is 1.6 million times more energy-efficient than Bitcoin. He made his remarks amid Cardano blockchain using proof of stake (PoS) consensus mechanism over Bitcoin’s power-intensive proof of work (PoW) usage.
There are no miners on the Cardano blockchain as they don’t need to use proof-of-work to verify transactions on its blockchain. Instead, large Cardano holders can stake their holdings to validate a block in the blockchain.