Ethiopia is exploring the use of blockchain technology to track the supply chain for its largest export, coffee.
For the effort, the East African nation has partnered with blockchain research and development company IOHK to develop blockchain applications for coffee shipments and other areas of agriculture.
In a press release, IOHK said it is collaborating with the Ethiopian Ministry of Science and Technology for the project, and will closely work with ministers, entrepreneurs and startups in the country.
Getahun Mekuria, the country's Minister of Science and Technology said that the research is focusing on using the Cardano blockchain platform as a base for work by Ethiopian developers.
According to Charles Hoskinson, CEO of IOHK, the company's efforts go beyond the supply chain project.
"We are also training local blockchain developers, some of which we will hire, while the rest will go on to plough their skills into the economy. The first class will be all female, and the goal is to have graduates of that class move on to create ventures in the cryptocurrency space using Cardano technology, the first venture of its kind in Africa."
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Ethiopia Explores Blockchain Role in Tracking Coffee Exports
Publié le May 4, 2018
by Coindesk | Publié le Coinage
Coinage
Mentionné dans cet article
Nouvelles récentes
Voir tout
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.