As a report has it, Ethiopia has signed a memorandum of understanding with Input Output Global (IOG), the software firm behind the development of Cardano (ADA), on a project to provide digital identification to students and teachers.
According to the report, the agreement was signed by Ethiopia’s Education Minister, Prof. Berhanu Nega, and Charles Hoskinson, the creator of Cardano, the largest proof-of-stake (PoS) blockchain.
Read Also: AdaSwap Launches Gamified Decentralized Exchange (DEX) On Cardano, Hints at Token Sale
The report says that the current agreement aims to assess the status of the project as soon as it’s completed and delivered at the expected time.
In the course of the signing ceremony, Prof. Berhanu Nega, the Minister of Education, lauded the progress of the project and stated that the first 1 million digital IDs will be issued to students by the end of the year.
Reacting to the new development, IOG chief, Charles Hoskinson, pointed out that his company will provide the digital identification on time as expected and will continue to work with the Ministry of Education.
The report further states that digital identification of students and teachers is one of the activities to support the country’s education sector in technology.
The partnership between IOG and Ethiopia’s Ministry of Education was announced on 27th April 2021 to create a blockchain-based national ID and attainment recording system. The partnership targets 5 million students and 750,000 teachers in 3680 schools.
Read Also: Charles Hoskinson Says IOG Has Started Process of Equipping Cardano to Resist Quantum Attacks
Reacting to the major partnership back then, IOG noted:
“Based on Atala PRISM, the ID will allow the creation of secure records of educational performance for3.5k schools, 5M students and 750k teachers, giving all pupils verifiable digital qualifications, increasing social mobility and allowing lesson planning and attainment monitoring.
“This partnership is at the heart of Ethiopia’s Digital Transformation Strategy. IOHK has long recognized how developing world countries could uniquely benefit from blockchain, and this deployment is key in our vision for Africa.”
Follow us on Twitter, Facebook, Telegram, and Download Our Android App
Linda, a prominent analyst on TradingView, recently shared her analysis, anticipating a significant upswing for…
Crypto markets are shaken as news of CZ's imprisonment sends Bitcoin (BTC) and Ethereum (ETH)…
In a recent turn of events in the cryptocurrency market, the super trading DEX project…
Shiba Inu, the leading meme-inspired cryptocurrency, has faced a significant price decline in recent weeks,…
Binance Japan, an arm of leading cryptocurrency exchange Binance in Japan, has introduced new trading…
In a move to solidify its presence in the Japanese market, Ripple, the San Francisco-based…