November 21, 2019

Cardano Foundation to work with African nations to develop blockchain governance

Bakyt Azimkanov

Global PR, Communications and Marketing Director

Cardano Foundation

PORT LOUIS, MAURITIUS, 21 NOVEMBER 2019. The Cardano Foundation expands its reach to 54 countries on the African continent to build blockchain governance to future-proof the region’s sustainable growth and development. One of the world’s leading not-for-profit blockchain organizations helps law-making bodies and policymakers in Europe and Asia, and now in Africa, to shape legislation and commercial standards – in line with one of the Cardano Foundation’s missions.

Nathan Kaiser, Chairperson of the Cardano Foundation, says:

“Legislation is key to adoption and real use cases of blockchain. The Cardano Foundation is proud to be at the forefront of shaping blockchain-enabled sustainable growth in Africa. We are open to work with the continent’s countries to establish robust governance policies, assess existing laws and policies. Our aim is to help African nations to shape legislative and commercial standards while ensuring accountability, which in turn will create new jobs and ensure sustainable growth. Blockchain will afford African countries to diversify their economies and help the continent to increase its innovation and investment attractiveness.”

Mauritius, a Republic with an established regulatory framework for the custody of digital assets, is blazing a trail for other African nations to follow and is hosting the Building blockchain bridges roundtable this week. The Cardano Foundation’s active involvement in the roundtable in Port Louis will further boost the Mauritian government’s efforts to cement its position as a fintech hub in Africa.

The Switzerland-based Foundation has joined forces with the African Leadership College, Economic Development Board and the University of Mauritius, and the Embassy of Switzerland, Swiss Blockchain Federation, Crypto Valley Venture Capital and Switzerland Global Enterprise to lay the groundwork to future-proof the blockchain industry in the island nation.

The Cardano Foundation already supports various initiatives that focus on blockchain governance, implementation, fintech conduct, smart contract frameworks and education both in Africa and beyond and has active Cardano communities in Nigeria and Rwanda.

As the industry continues to mature and see more adoption from the traditional business sectors, blockchain is becoming an empowerment vehicle exponentially increasing the need to develop blockchain governance policies to spur economic growth and its diversification.

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

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