Go to the list of all blogs
Allana's Avatar
published in Blogs
Feb 20, 2021

Ethiopia: Where Coffee Meets Blockchain

Charles Hoskinson, the Ethereum co-founder, current CEO of IOHK, and creator of the decentralized blockchain startup Cardano, signed a memorandum of understanding in May with Ethiopia’s Ministry of Science and Technology to explore possibilities for agricultural technology on blockchain. The agreement states that Cardano will study ways to use blockchain’s immutable ledger for agri-tech purposes, most relating to Ethiopia’s world-renowned coffee industry – tracking coffee throughout the supply chain, for example, or registering land to deter fraudulent activity. Cardano is a fully open source, public blockchain and cryptocurrency project that seeks to develop advanced smart contract features via a “scientific philosophy and a research-first driven approach” – it claims to be the first project of its kind. Cardano aims to balance the needs of both users and regulators, ultimately providing fair, open access to financial services for all.

The arrangement may bear fruit in concrete use cases, but its most immediate benefits will come in the form of education. Hoskinson will be teaching an inaugural class of 30 female developers how to use Cardano’s technology, sharing his own ideas along the way. IOHK has promised to hire top engineers from the initial course, as well as to build blockchain-based apps to aid the 80 million Ethiopians working in agriculture.

Ethiopia is the first of what IOHK and the Cardano Foundation hope will be a series of initiatives in developing countries in Africa and abroad. These countries offer myriad use cases for blockchain technology – for example, landowners in countries like Kenya, Ghana, and Rwanda can be easily removed from their land, victims of inadequate record keeping. Blockchain’s public ledger would leave no doubt as to ownership, and its adaptation for this purpose has already paid dividends as government officials begin to understand how it helps them bridge the development gap.

 

 

Hoskinson hopes that this is just the latest chapter in his quest to use cryptocurrency to change lives. During a lecture in London in early 2018, he explained that an initial impetus for entering the cryptocurrency space was to “explore what capabilities are required…to give this tool to people across the world so they can solve their own problems.”

Success in Ethiopia would mean tangible lessons to apply abroad while making a significant impact in a country with immense untapped potential. New use cases for blockchain are constantly being introduced – ag-tech and Ethiopia’s coffee industry stand to be the latest beneficiaries.
 

Want to Learn More? Access Tickeron’s Academy on tickeron.com to learn more about the cryptocurrency and blockchain revolution, and even how you can use algorithms and AI to invest.

Ad is loading...
Paper wallets are extremely useful tools – beyond being one of the most popular and secure cold storage methods, they make it simple to transfer coins between owners.You can access the funds on your paper wallet by “sweeping” (or importing) them to either a live wallet (like Trezor or Exodus) or an exchange service (like Coinbase). Most services allow you to import them directly from your wallet’s private key, but there are two key exceptions.
"🚀 PHAXIAM Therapeutics SA Skyrockets +18.82%! Dive into this biotech penny stock's stellar week and the industry's broader movements. 📈🔬
Explore annualized returns of +110% for Day Traders and +50% for Swing Traders using Price Action Trading Strategies (TA&FA) on popular managed healthcare stocks like $BIOS $CI $CNC $ELV $HUM $MOH $UNH. Stay updated on the 1-week change of +3% in this dynamic market.
The ethanol industry encompasses a diverse range of business activities, primarily focusing on the production of ethanol and sugar. Beyond these core products, companies within this theme also engage in the development of related assets, such as fuel storage tanks.
Cisco Systems set to soar! 🚀 A.I. predicts +4% growth in the coming month. Is CSCO the next big move in your portfolio? 📈💰
#trading
The Office Equipment/Supplies sector has emerged as a standout performer in recent times, posting an impressive 6.13% increase in its performance over the past week. This surge in performance is supported by a group of tickers, including $ACTG, $SCS, $HNI, $EBF, and $ACCO, which have collectively displayed a positive outlook. In this article, we will delve into the theme of this sector and analyze the group of tickers within it that are driving this positive momentum.
"IBM Skyrockets: +15.54% Quarterly Jump! Dive into the data behind this tech titan's remarkable rally. 📈🚀"
#investment#trading
The pharmaceutical sector is known for its dynamic nature, with companies often experiencing rapid shifts in performance and sentiment. In the past week, pharmaceutical companies, as represented by a group of tickers including RPRX, CALT, INZY, and HRMY, have seen a noteworthy increase in performance, surging by +3.13%. In this article, we will delve into the details of this trend, explore key indicators, and assess the outlook for these companies.
The term 'challenging disorders' envelops a vast expanse of the healthcare sector, extending from medical devices, facilities to biotechs, and pharmaceutical firms.
The ocean transportation sector has been making waves recently, experiencing a significant performance boost of +3.74% over the past week. In this article, we'll delve into the theme and explore the key tickers within this sector, shedding light on their market capitalization, recent price movements, volume trends, and fundamental analysis ratings.
Forest products encompass materials harvested from forestry intended for direct utilization or commercial activities.
The toy industry has seen some significant ups and downs in recent times, with a cluster of notable companies taking center stage in this exciting and ever-evolving market. In this article, we delve into the recent performance of select toy companies, examining key indicators and trends that have shaped their stock movements.
The medical companies segment has experienced a notable increase in performance, recording a weekly gain of +3.53%. This sector encompasses companies involved in the production and supply of pharmaceuticals and essential medical products, catering to a broad spectrum of healthcare needs. Their product offerings include surgical apparel, gloves, hospital furniture, fluid management solutions, and specialized equipment for cosmetic and surgical procedures.
Tickeron launches AI-powered Stock Picker robots to assist hedge fund managers with sector rotation, growth-focused small-cap stocks, and strategic risk management. Using proprietary FLMs, Stock Pickers offer quant-driven signals and adaptive strategies for long-term growth and investment
Tickeron unveils an intuitive AI trading bot interface, offering tailored strategies for day, swing, and trend traders. From beginners to pros, discover tools designed to optimize trading precision, adapt to market volatility, and provide hedge fund-level insights for smarter investments.
#latest#popular#trading
Learn the 27 essential intraday trading rules that every manual trader should master—and discover how Tickeron’s AI platform applies them automatically for consistent, emotion-free execution and smarter, real-time decision-making.
#investment#trading
A $2 trillion sell-off has investors asking: is 2025 the next dot-com crash or a replay of the 2008 recession? This deep dive compares both scenarios, outlines warning signs, and reveals how AI-powered trading strategies can help navigate rising volatility.
#trading#investment
New to trading? Discover 21 powerful lessons every beginner must learn—and see how Tickeron’s AI Double Agent strategies apply them in real time. From mastering risk to managing emotions, this guide helps you trade smarter, safer, and more confidently.
#investment#trading
From the railroads of the 1920s to the AI giants of 2025, market history shows that extreme concentration often precedes massive bubbles and crashes. This article explores five key turning points and how Tickeron’s AI helps traders navigate today’s bubble-prone landscape.
#investment#trading
U.S. tariff tensions rocked markets this week, sending tech stocks into retreat and safe-haven assets like gold and the yen soaring. As investors brace for major earnings and global policy shifts, volatility remains high across equities, currencies, and commodities.
#investment#trading