When Input Output, a research and development product engineering company, entered Africa, it said it would cooperate with the World Mobile Group to launch a new program aimed at bringing sustainable Internet connections to users in Zanzibar and Tanzania. According to the cooperation agreement, the Cardano blockchain infrastructure will be used to provide affordable network nodes for local business owners.
A partnership that opens a new world
According to the statement sharing some details about this work arrangement, subscribers of these networks will be able to access Atala PRISM, Input Output’s digital identity solution. Identity solutions “will enable them to use services such as digital banking, healthcare and education.”
At the same time, after announcing the partnership agreement, Micky Watkins, CEO of World Mobile Chain, regretted how years of negligence made certain regions of the world lag behind technology in his speech. Despite this, Watkins still expressed his belief that the “symbiotic partnership” between world movement and input and output will open up a new world.
Similarly, Input Out’s CEO Charles Hoskinson praised the agreement and said it was a manifestation of his company’s “long-term commitment to the African continent”. As part of the agreement, Input Output now owns a 10% stake in World Mobile Group.
At the same time, the two companies shared some of the reasons that prompted them to establish this partnership in a joint statement. For example, the statement pointed to the fact that “more than 700 million people in Africa are not connected to the Internet.” This situation is attributed to the failure of mobile network operators to invest adequately in infrastructure. In turn, this lack of investment has resulted in “Africans being unable to access basic services such as education, banking or medical care.”
However, Hoskinson believes that this long-term lack of investment may still benefit the African continent. The CEO of Input Output explained:
The lack of a deeply embedded traditional infrastructure makes the transition to a blockchain-based infrastructure relatively rare. It is possible for developing countries to “leapfrog” advanced industrialized economies by adopting next-generation infrastructure.
Hoskinson also believes that after years of “new promise”, blockchain technology “finally has matured enough to enable them to achieve their goals.”
Do you agree that this partnership agreement will promote the adoption of blockchain technology in Africa? Tell us what you think in the comments section below.
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