Cardano Foundation Teams With SANBA To Boost Blockchain Adoption In South Africa

The Cardano Foundation is teaming up with the South African National Blockchain Alliance (SANBA) to expand its footprint in South Africa.

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. The foundation works alongside Input Output Hong Kong (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures.

SANBA has been set up by the Council for Scientific and Industrial Research and its subsidiary, the Office for Digital Advantage, to help foster the adoption of blockchain technology in South Africa. The alliance intends to be the central cog in a network of partnerships between South Africa’s government, industry-leading companies, startups and civil society.

Cardano said that it will be working with SANBA to help the country leverage the benefits of blockchain to boost economic growth and technological advancement.

“The Cardano Foundation is focused on driving adoption and utilization of the Cardano blockchain,” Cardano said. “South Africa is a key market in building a network of governments, institutions and enterprises using Cardano on the African continent. The renewed focus on Africa represents a step towards building economic inclusion throughout the region with Cardano.”

According to the foundation, the potential collaboration with SANBA is the first step in delivering game-changing technology to enhance Africa’s dynamic and diverse economies.

“Cardano believes in empowering individuals and enterprises by putting them in direct control of their information, wealth and value,” the foundation said. “Blockchain technology lets developing nations break ties with legacy banking systems, costly middlemen and entrenched political structures. By engaging with Cardano, South Africa has the potential to blaze the trail to decentralization for the rest of the continent.”