Cardano Foundation, Konfidio Partner To Drive Blockchain Business Model Platform Adoption

Blockchain, News | August 19, 2019 By:

The Cardano Foundation has teamed with Berlin-based blockchain venture studio Konfidio to accelerate blockchain models with corporations, small and medium enterprises (SME) and governments.

Based in Zug, Switzerland, the Cardano Foundation is an independent body with core responsibilities to help oversee and supervise the development of Cardano, an open source decentralized public blockchain developed for smart contracts using a scientific philosophy.

Founded in 2016, Konfidio is a company builder and venture accelerator with a focus on leveraging blockchain technology to build enterprise-scale decentralized applications and business models for both permissioned and permissionless distributed systems. The company has more than 35 Konfidians from 20 different countries.

The goal of the partnership is to enable real-world business cases on the Cardano blockchain. The two companies will initially focus on use cases in banking, logistics, pharmaceutical industries and trade finance, with government and public service use cases to follow.

According to the firms, the blockchain business model will be tested on startups, Mittelstand companies—SMEs that supply more than 60% of German employment, as well as large multinational corporations with global operations that are core to their strategy.

“Our strategic partnership with Konfidio is yet another tangible step towards promoting and advocating Cardano and, more importantly, driving its real-life use cases,” said Nathan Kaiser, Chairperson of the Cardano Foundation. “Konfidio’s homebase, Berlin, is a major global blockchain center and its worldwide relevance will help us put the spotlight on our one-of-its-kind platform. Our collaboration will also afford the Cardano Foundation an increased visibility in Germany and Europe.”

Dr. Mervyn G. Maistry, Founder and CEO of Konfidio, said that Konfidio’s strategy is based on global decentralized platforms unlocking value across the global economy.

“We are working with both global corporates and the German Mittelstand and will use Cardano’s revolutionary dual-layer architecture in developing complex Turing-complete transaction platforms,” Maistry said. “This strategic partnership will help the development of real-world Cardano-based applications. We will also be able to provide young entrepreneurs with a combination of business model expertise and state-of-the-art third generation blockchain as an option for their future startups. Our aim is to increase the understanding of the protocol in both corporate and startup environments and accelerate value-add for both Cardano, the blockchain community and our clients.”