Ethiopia began testing blockchain to track the supply of its own main product for export: coffee.
The project will be implemented by the African state with the support of the research and development blockchain company IOHK. At the moment, developing an application based on DLT-technology is the main task that developers are facing.
The place of the general partner was occupied by the Ministry of Science and Technology of Ethiopia, but IOHK calls for other agencies, entrepreneurs and startups to cooperate. Testing the capabilities of the blockchain in the field of export is based on the Cardano platform, which operates on the same technology. The proposed platform is necessary as a base for Ethiopian developers.
According to the Director General of IOHK Charles Hoskinson, the company’s activities in the country are oriented not only towards using the blockchain technology, it is not limited by it.
“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.”
We want to remind you that the involvement of blockchain-based solutions in order to track the supply chain is one of the most popular areas for the introduction of technology nowadays. A technology giant IBM plans to launch a platform on blockchain to track supply chains in the future. Representatives of the jewelry industry will also work on the idea.