Blockchain technology will be used to enhance the educational experience of five million students and 750,000 teachers across the east African nation.Input Output Hong Kong, or IOHK, is helping the government of Ethiopia leverage blockchain technology to overhaul its education system.
IOHK believes that the current blockchain-based transformation of Ethiopia’s education system could also be extended to post-secondary institutions, especially in the application of digital verification. Getahun Mekuria, Ethiopia’s education minister, commented on the initiative:
“We believe blockchain offers a key opportunity to end digital exclusion and widen access to higher education and employment.”
Beyond local initiatives, Africa is a central part of IOHK’s vision of bringing financial services to the world’s “unbanked population,” which is estimated at roughly 1.7 billion. Cardano founder Charles Hoskinson believes Africa will play an important role in deploying blockchain infrastructure over the next five years. He expects to have several headquarters throughout the continent over that period.