By Hassan Mehmood (Saudi Arabia)
Cardano is the sixth-largest Blockchain-based project by market share and capitalization, and it has just announced to partner up with Ethiopia’s ministry of education for the sake of providing them with a blockchain-based national ID system for students, faculty, and other resources to better customize these along with focusing on improvements under decentralized network. Cardano as a blockchain system has been ridiculed by most of the investors, analysts, and other sophisticated members of the crypto community, but so far, it has managed to pull through every allegation or ill focus presented by every opponent.
The adoption rate for Bitcoin as a financial system along with blockchain as a decentralized system has been massive, and the numbers keep on climbing, but Ethiopia seems to have taken this one step further. No country or nation has ever considered using the decentralized approach to register their citizens because doing so would mean that government or other sectors can’t reach out to their personal data to modify it because this is something that doesn’t happen on the blockchain. Cardano and the Ethiopian government are working on the largest blockchain deployment that will roll out to about 5 million students in Africa.
Also read:Ethiopia is Becoming the Hub for Blockchain Transformation in Africa
The system will be based on the Atala PRISM and would be able to serve as the record-keeping system for about 3500 schools, 5 million students, and 750k teachers in general. This record-keeping system will help provide a secure record-keeping system for the identifiable information of people and serve as the medium that carries their qualification data digitally, lesson planning, attendance, and scheduling of the results, all at a single place.
Various analysts are even commenting that this move will act as Ethiopia’s strategy regarding digital transformation, and it is a positive step too because setting up a public identification system on the blockchain is rather tricky while the rest of the trade, such as adopting cryptocurrencies as the ultimate financial system would be easier. According to the IOHK, developing countries could benefit the most from the blockchain initiative, and Ethiopia is playing it right.
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