Cardano Foundation has extended its reach to 54 African countries to develop blockchain governance.
The foundation is going to be working with governments in the continent to design blockchain governance to future-proof Africa’s sustainable economic growth and development.
Cardano is already helping policymakers and law-making bodies across Asia and Europe, and it is now moving into Africa to fortify the continent’s commercial and legislation standards in consonance with Cardano Foundation’s missions.
Nathan Kaiser, Chairperson of the Cardano Foundation, who spoke on the progress, said the legislation is a major section where blockchain technology can gain massive adoption.
Kaiser said the foundation is happy and proud to be at fore of bringing adoption to the blockchain ecosystem.
The chairperson showed concern about the needed progress of blockchain in Africa, saying blockchain will ensure sustainable growth across Africa.
“We are open to work with the continent’s countries to establish robust governance policies, assess existing laws and policies,” she said.
Cardano is aiming to help African countries enhance their legislative and commercial standards in an accountable and transparent manner that will result in the creation of employment while also ensuring sustainable growth.
Being one of the world’s leading not-for-profit blockchain organizations, Cardano is willing to help Africa nations diversify their economies while also helping them enhance innovation and opening them to investment opportunities.
At the moment, Mauritius, a country with standard regulatory framework for the custody of digital assets, is leading in the blockchain adoption move.
According to Cardano, this week, Mauritius is hosting the Building blockchain bridges roundtable with active participation from the foundation.
The roundtable, holding in Port Louis, is fashioned to boost the Mauritian government’s capacity as a fintech hub in Africa.
Cardano Foundation is working together with the Embassy of Switzerland, Swiss Blockchain Federation, Crypto Valley Venture Capital and Switzerland Global Enterprise, African Leadership College, Economic Development Board and the University of Mauritius to lay the foundation to future-proof the blockchain industry in the country.
Cardano has teeming followers in Nigeria, Rwanda and some other African Countries and the foundation has already supported ideas on fintech conduct, education, blockchain governance, implementation among others in the country.
Cardano Launched Enterprise Blockchain in Africa
In April 2019, Cardano Foundation also launched an enterprise blockchain framework offering financial services to billions of Africans.
Atala, a blockchain framework christened after a butterfly in Florida, was designed by IOHK to serve as solution provider to governments, companies, businesses and developers wanting to implement new ideas.
The framework, a handiwork of Cardano’s IOHK, will be first used in Ethiopia to design a new digital currency that offers trustworthy and secure payment means in the country’s capital. A Memorandum of Understanding (MoU) was signed between Cardano Foundation and Ethiopia on the blockchain Framework.