Charles Hoskinson, founder of Cardano and CEO of IOHK, posted: video In it, he talks about Kadrano’s future and his adoption in Africa.

Hoskinson referred to the continent as the “final frontier” of Cardano and highlighted the enormous potential of that region.

A new financial system based on Cardano:

Hoskinson mentioned one of the projects that IOHK is developing that could bring significant benefits to Africa

The project is related to: Fertilizer vouchers.

As this solution could positively affect the supply chain on the African continent, Hoskinson explained that the project could benefit 6 million small farmers in Ethiopia to obtain fertilizer dispensers.

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The Fertilizer Voucher Project is part of an initiative to provide African farmers with the tools to help them increase their production.

Fertilizer vouchers can be a way to better distribute resources to African farmers.

Hoskinson added that it is possible to build an identity system and from there build a system of reputation, market, collective decisions, and distribution of production, without the need for government participation. He stated:

In addition, it allows us to create all kinds of new financial products that can greatly improve the lives of the poor, and thereby enrich the developing countries.

For example, fertilizer vouchers suffer from a high repayment rate of between 15% and 25% due to their exposure to speculation by brokers.

So we can pack (these coupons) so they can be sold in regulated financial markets.

Hoskinson added:

The African continent is an exciting place to do business.

There are countries in the region with a population of less than 30 years old and around 70%, these young people are aware of technical advances and are “begging for regime change”.

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In this sense, Hoskinson said that IOHK is focused on building a new financial system, along with Cardano, which distinguishes IOHK from other projects such as Tezos, Ethereum and EOS.

Hoskinson explained further:

Indirectly creating a new financial system is part of the solutions IOHK is working on, such as fertilizer vouchers.

So when you create a coupon system, you’re actually building a payment system, you’re also building an identity system, and then somewhere along the way you’re building a census system to get to know people, and then somewhere along the way you’re building a voting system, and then somewhere along The road will connect it to production, so you are building a supply chain system for agricultural commodities.

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This new system will give nearly 3 billion unbanked people access to the financial market.

Finally, Hoskinson said that a currency for Africa is likely to appear in the next 30 years, and that this currency could be a cryptocurrency based on the Cardano blockchain.

However, Hoskinson said that for this to happen, there would have to be an adoption and effort to have a very early foothold in Africa.

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