The arrangement tasks Cardano with exploring ways that the African nation can apply the startup’s blockchain technology to its agri-tech sector. Traders didn’t celebrate Cardano’s ADA coin, which is ranked No. 6 on Coin Market Cap and which was trading lower by 6% at the time of publication.
According to the MOU, the participants will study ways that the blockchain could be used to track coffee along the supply chain or for land registry purposes to cut down on fraud, for instance. The partnership stands to have a long-term impact, as education is at the core of the arrangement. Hoskinson plans not only to share his ideas but also teach developers how to use Cardano’s blockchain technology on their own