Cardano (ADA) has partnered with the government of Georgia, a move that could bringing the project into partnerships with many other governments.
In an announcement by the founder of Cardano blockchain project and IOHK CEO, Charles Hoskinson, both IOHK and the Georgia’s Ministry of Education signed a Memorandum of Understanding (MoU) to design a state of the art credential verification system using Cardano and Atala for the country and some others willing to make use of the verification system.
At the same time, Cardano signed a MoU with Free University of Tbilisi, a private institution founded in 2007 with boost from the merger of ESM Tbilisi and the Tbilisi Institute of Asia and Africa.
The collaboration is majorly centred on exploring Atala and Cardano (ADA) to construct an unmatched credential verification system usable beyond the institution.
Atala is an IOHK enterprise blockchain innovation that has semblance with IBM’s open-source Hyperledger Fabric. The solution, which was launched on April 30th, is fashioned at helping countries design voting, supply chain and property registration system.
Before announcing the two notable partnerships, Cardano first met with the Georgian minister of finance and the European Bank for Reconstruction and Development. However, the outcome of the deliberations has not been revealed by Charles Hoskinson who met them in person.
On June 12, Cardano founder took off to Tilbisi, Georgia to seal some life-changing partnerships. It is still not clear if the founder is going to sign more Memorandum of Understanding (MoU) in the country.
Cardano, being one of the few cryptocurrency project with awesome and unmatched use cases, is science-oriented and the project has numerous research capable of revolutionizing the digital space.
Earlier Cardano announced it is in a talk with Chinese Universities to launch an intensive training courses on blockchain technology.
Governments, educational institutions and some other notable industries are looking up to exploring the wonderful use cases of Cardano (ADA) due to its scientific inclination.
Cardano (ADA) in the Market
The cryptocurrency market is generally witnessing a price upsurge. Bitcoin is trading above $9,200 today. Like Bitcoin, Cardano (ADA) is trading higher in the market. At the time of writing, Cardano is changing hands at $0.092881 with over 1 percent price upsurge in the last 24 hours.
With a market cap of $2.4 billion, Cardano has a 24hr volume of $156 million. As the market keeps on witnessing more progress, there is tendency ADA market price increases.
