The Cardano Foundation and Konfidio, a Berlin-based blockchain venture studio, have entered into a strategic partnership to accelerate blockchain models with corporations, small and medium enterprises (SMEs) and governments.
This is the first such alliance for the Zug-headquartered Foundation, one of the world’s leading not-for-profit blockchain organizations, and is in line with the mission to create and unlock value by driving the adoption of the Cardano blockchain.
The partnership’s main goal is to enable real-world business cases on the Cardano blockchain. The initial focus will be centered on use cases in banking, logistics, pharmaceutical industries and trade finance, with government and public service use cases to follow.
Nathan Kaiser, Chairperson of the Cardano Foundation, says:
“Our strategic partnership with Konfidio is yet another tangible step towards promoting and advocating Cardano and, more importantly, driving its real-life use cases. 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.”
The model under the strategic partnership 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.
Dr. Mervyn G. Maistry, Founder and CEO of Konfidio, says:
“Konfidio’s strategy is based on global decentralized platforms unlocking value across the global economy. After having researched all the Turing-complete blockchains, we believe the third generation blockchain of Cardano is best-placed to ensure the stability and business continuity of real-life business models. 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. 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.”
About Konfidio: Konfidio is a company builder and venture accelerator based in Berlin, Germany, 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 was founded in 2016 by Dr. Mervyn G. Maistry and Galen B. Evans in the German capital and has more than 35 Konfidians from 20 different countries. Find out more: https://konfidio.com
About the Cardano Foundation: The Cardano Foundation is an independent body based in Zug, Switzerland, with core responsibilities to help oversee and supervise the development of Cardano, the world’s first third-generation blockchain, and its ecosystem. The Foundation is committed to protecting and promoting Cardano, the first blockchain platform developed for smart contracts using a scientific philosophy, and to advocate on behalf of the users and community of the protocol. The Foundation works alongside Input Output HK (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures. The three entities are wholly separate in governance, ownership and leadership. Find out more: www.CardanoFoundation.org