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Cardano and Ethiopian Government to Introduce Agritech Blockchain

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Cardano Ethiopia agritech blockchain

The Ethiopian government has recently struck a deal with Cardano (ADA) to work together on finding ways to use blockchain technology to improve the agritech industry. The collaboration will focus particularly on Ethiopia’s biggest export, coffee beans, with the goal of increasing supply chain transparency.

Charles Hoskinson, CEO and founder of Cardano tweeted on 3rd May 2018 to say that his company had just signed a Memorandum of Understanding with the Ethiopian government at the Ethiopian Ministry of Science and Technology ’s blockchain forum that same day.

Their agreement is to find ways to apply blockchain technology to the Ethiopian agritech industry and will see 100 local developers being trained on using blockchain technology and programming in the Haskell language.

According to Bitcoin Magazine, Ethiopian Minister Getahun Mekuria Kuma has stated that he wants the first students on the Haskell course to be women as a way of promoting female participation in coding. Kuma also stated that the ideal candidates will be recent graduates of Ethiopian universities with degrees in computer science, or similar subjects.

Coffee’s Birthplace

It is widely believed that the “birthplace” of coffee is Ethiopia, and that supposedly as far back as the 10th century, the nomadic people of Ethiopia would eat the red cherries to get the stimulant effect. Today, coffee makes up 22% of the entire exports of Ethiopia, generating $866 Million in revenue.

However, 95% of the coffee grown in the country, is produced by local farmers who get little return on their beans. The sporadic supply chain makes it difficult to prove the source of coffee beans, and therefore buyers are not willing to pay higher prices for them. The justification is that they don’t know where they have come from, and therefore it is not possible to prove what pesticides have been used.

Blockchain technology could change this situation; by using the blockchain to store data that records, tracks, and traces the coffee from the local farmers, all the way to the wholesale farmers. In less developed nations like Ethiopia, it is hoped that local farmers will receive an increased return on their labor since they can prove the origin, and purity of their coffee. It will allow farmers to get a fairer price for their beans, and help regulators understand what pesticides are used in bean production.

It’s not just Ethiopia though, blockchain technology is being considered by a number of African countries. It is believed by many that the technology will help countries in the region that have suffered from instability and corruption for too long. For example, Kenya is looking to use blockchain technology to verify land ownership, meanwhile, Uganda’s government is planning to use it to improve public service delivery.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of John-i via Pixabay.com

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

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“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page

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Performance

The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone, including those who are trying this betting for the first time.…

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