Category Archives: Charles Hoskinson

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Georgia Develops Blockchain in Education, Ministry Services

Georgia Develops Blockchain in Education, Ministry Services

Georgia’s government has signed a memorandum of understanding (MoU) with blockchain firm Input Output Hong Kong (IOHK) to collaborate on the implementation of blockchain-based projects in government, businesses, educational institutes.

The MoU signifies partnership between the two entities to develop the operational, technical, and commercial capacities on the ongoing and planned blockchain projects along with support for fintech businesses in blockchain and digital asset sector.

IOHK, the creator of the cryptocurrency Cardano (ADA), was founded and is currently led by crypto entrepreneur Charles Hoskinson, who is also the co-founder of the Ethereum (ETH) blockchain.

The MoU primarily identifies higher education as requiring the utmost attention and having the highest potential for blockchain solution based improvements. In particular, the government wants IOHK to ensure secure verification of national university qualifications while developing an easy comparison system with other European institutes.

Another possible solution could involve the enhancement of security for the confidential data and integration of smart contract functionality into ministry services.

The MoU looks to project Georgia as a country conducive to business development through the implementation of the latest blockchain tools. Mikheil Batiashvili, Minister of Education, Science, Culture and Sport, has also pointed how the country has progressed by leaps and bounds in the World Bank’s Ease of Doing Business index, moving up from the miserable 112th ranking to 6th in 2018.

Much of this improvement can be attributed to the Georgian government’s blockchain-friendly and low-regulation policies. One such example is how, in 2017, Georgia became the first nation to implement distributed ledger technology to secure and validate government records.

Besides, the country has also recorded the highest-growing electricity consumption per capita in entire Eastern Europe and Central Asia since 2009, with reports suggesting a staggering 10-15% of electricity consumption devoted entirely to crypto mining.


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Ethereum Co-Founder Launches Blockchain Coffee Project in Ethiopia

Ethereum co-founder and Cardano chief Charles Hoskinson has launched a new project working with Ethiopia’s ministry of science and technology, according to CCN.

The project, according to the memorandum of understanding, is to study how blockchain technology can be applied to solving the problems attached to the coffee industry, such as land registry and supply chain fraud.

Coffee is important to the economy of Ethiopia; around 60% of foreign income comes from coffee, with an estimated 15 million of the population relying on some aspect of coffee production for their livelihood. In 2006, coffee exports brought in USD 350 million, equivalent to 34% of that year’s total exports. Ethiopia is currently responsible for about 3% of global production.

John O’Connor, director of African Operations, sees education as a major focus for the company as it moves into such projects commenting, “The arrangement tasks Cardano with exploring ways that the African nation can apply the startup’s blockchain technology to its agri-tech sector.”

Hoskinson plans not only to share his ideas but also teach developers how to use Cardano’s blockchain technology on their own. Recently at a speech to the London School of Economics, he spoke of more broader DLT development across Africa. Current problems such as landowners being cleared from their land due to supposed poor record keeping could be addressed by the new technology. Countries such as Kenya, Ghana, and Rwanda are all currently involved in programmes of their own.

Bitcoin reports that companies Moyee and Bext360 have partnered with a washing station in the Jimma region of Oromia where farmers gather to sell their crop. Now as the coffee cherries go through the supply chain, farmers are assigned crypto tokens that show the complete value added, from bean to barista. The blockchain-based platform, FairChain, will record everything from payments to roasting to freighting to pricing. Moyee will pay farmers a 20% premium which is meant to be a good start towards giving them a better wage.

According to the Agricultural Growth Program, Ethiopia has announced the launch of a national traceability system known as eATTS, enabled by IBM. The system will start by piloting coffee in the current harvest season and will be expected to increase Ethiopian coffee sales worldwide


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