Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Cardano: IOHK to Rope In Fortune 500 Enterprises for Adoption in Africa

Cardano: IOHK to Rope In Fortune 500 Enterprises for Adoption in Africa

Kelly Cromley by Kelly Cromley
Jan 24, 2021
in Market News, News
Reading Time: 3 mins read
0

Charles HoskinsonWhile speaking to forkast.New, Charles Hoskinson, CEO of IOHK Foundation, provided scintillating glimpses about his plan for the year. The main person behind the creation of Cardano blockchain asserted that Fortune 500 enterprises intending to extend their reach in emerging economies in Africa and Middle East require a quicker and cost-effective payment platform for local dealings.

Hoskinson believes that Cardano can fit the role and that is why he continues to “aggressively” bring the US enterprises onboard by offering them ADA as the best possible payment solution.

“A Fortune 500 company needs new tools to be able to get into that market and work with those consumers. We can facilitate that because we’ve been in those jurisdictions, especially Ethiopia, for example, for over three years.”

For a while now, Hoskinson has been canvassing Africa’s big potential for distributed ledger technology and cryptocurrencies. The International Monetary Fund (IMF), before the outbreak of coronavirus infections, has assessed that the top five economies with fastest growth is in Africa.

As per Hoskinson the utilization of cryptos is on the rise amongst African youngsters and there is a lot of enthusiasm to learn about Cardano from the African continent. Last October, the CEO of IOHK disclosed that Central Africa based central banks have got in touch with IOHK and suggested to take steps in the direction of a central bank digital currency (CBDC).

Hoskinson further stressed that the continent is “ripe for decentralized finance” (DeFi) due its nascent banking framework and segmented economy. Citing the efforts to bring in Fortune 500 enterprises, Hoskinson said:

“How do you attract the Fortune 500? You do it by saying, ‘Hey, would you like access to the 100 million customers on my platform who now have money and would like to consume your products?’”

For the last few years, Cardano has been referred as the “Ethereum killer.” There is an opportunity for Cardano to make it true this year. Hoskinson, who was also involved in the Ethereum project in its initial stages, had kindled bitter war of words with Ethereum blockchain project several times in the past by underlining the issues faced by the blockchain and highlighting the advantages of the Cardano Blockchain, which is going to undergo drastic changes. After years of studies, the aforesaid features will be incorporated in the mainnet this year along with Goguen upgrade.

“Now, we’re starting to talk about smart contracts [at Cardano]. We’re starting to talk about a lot more use and utility, above and beyond just metadata and store value count. So this is the age of DApps, the age of DeFi. And it’s going to be really exciting to see Cardano explore that and fight for that. […] All things considered, I think it’s probably the most productive year we’ve ever had. And I look forward to 2021. If we can keep this momentum and extend it, we’re really going to give Ethereum and the rest of these guys a run for their money.”

Cardano, nevertheless, is not only attempting to fill the void in Africa, but within the blockchain industry. For illustration, IOHK is presently cooperating with Litecoin Foundation to attain interoperability between blockchains.

“If it works with Litecoin, it’s probably going to work with Bitcoin, or Dash, or any of these other guys.”

While Cardano intends to create a future with blockchains that are compatible with each other, Hoskinson emphasized the need for updating cryptography before the arrival of quantum computers.

“You would like to upgrade your cryptography and start using post-quantum crypto — so cryptography that’s immune to quantum computers — as soon as possible.”

With respect to blockchain technologies, the IOHK CEO trusts that quantum computers will not turn out to be a threat. He believes that a blockchain can be safeguarded from quantum computers with a “competent blockchain architect.” On the contrary, Hoskinson forecasts “huge problems” for internet to arise because of quantum computers.


“They’re going to cause huge harm to nation states that are trying to preserve secrets. Also, Satoshi’s private keys can be broken so people can start signing with Satoshi’s PGP Key, if they wanted to.”

Previous Post

Michael Saylor – Bitcoin Will Triple Annually Causing Demonetization of Major Investment Vehicles

Next Post

Voyager Token (VGX) Surges 926% On Sharp Rise in Clients

Related Posts

paypal-unveils-pyusd-stablecoin-on-stellar-blockchain

PayPal Expands PYUSD Stablecoin to Stellar Blockchain

by Kelly Cromley
Jun 17, 2025
0

PayPal Holdings, Inc. has taken a significant step toward strengthening its presence in the blockchain space by expanding its PYUSD...

aethir-and-project-zero-partner-to advance-ai-native-web3

Aethir and Project Zero Forge Future of AI-Native Web3

by Kelly Cromley
Jun 17, 2025
0

Aethir and Project Zero have entered into a forward-thinking partnership that aims to redefine the convergence of blockchain technology and...

agii-unveils-secure-logic-shards

AGII Unveils Secure Logic Shards to Reinvent Smart Contracts

by Kelly Cromley
Jun 17, 2025
0

AGII has introduced a transformative technology called Secure Logic Shards, aiming to redefine smart contract execution in the Web3 landscape....

World’s First Spot XRP ETF Crashes 20% on Launch Day

World’s First Spot XRP ETF Crashes 20% on Launch Day

by Mostafijur Rahman
Jun 16, 2025
0

In a dramatic twist that caught both institutional and retail investors off guard, the world’s first spot XRP ETF crashed...

AEON partner with Bybit

Bybit Integrates AEON to Power Seamless Web3 Payments

by Kelly Cromley
Jun 16, 2025
0

AEON, a next-generation cryptocurrency payment infrastructure provider, has joined forces with global crypto exchange Bybit to deliver streamlined Web3 mobile...

daGama announces partnership with Stability World AI

daGama and Stability World AI Join Forces to Advance Web3 AI Tools

by Kelly Cromley
Jun 16, 2025
0

Web3-focused platform daGama has unveiled a strategic alliance with Stability World AI, an artificial intelligence firm built on BNB Chain....

Next Post
Voyager Token (VGX) Surges 926% On Sharp Rise in Clients

Voyager Token (VGX) Surges 926% On Sharp Rise in Clients

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

paypal-unveils-pyusd-stablecoin-on-stellar-blockchain
Market News

PayPal Expands PYUSD Stablecoin to Stellar Blockchain

by Kelly Cromley
Jun 17, 2025
aethir-and-project-zero-partner-to advance-ai-native-web3
Market News

Aethir and Project Zero Forge Future of AI-Native Web3

by Kelly Cromley
Jun 17, 2025
agii-unveils-secure-logic-shards
Market News

AGII Unveils Secure Logic Shards to Reinvent Smart Contracts

by Kelly Cromley
Jun 17, 2025
AEON partner with Bybit
Market News

Bybit Integrates AEON to Power Seamless Web3 Payments

by Kelly Cromley
Jun 16, 2025
daGama announces partnership with Stability World AI
Market News

daGama and Stability World AI Join Forces to Advance Web3 AI Tools

by Kelly Cromley
Jun 16, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • ETF
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree