The Cardano Foundation, the independent body overseeing and supervising the development of Cardano blockchain, announced today it has expanded its reach to 54 countries on the African continent to future-proof the region’s sustainable growth and development via blockchain governance.
The Switzerland-based Foundation has joined forces with the African Leadership College, Economic Development Board. the University of Mauritius, 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 Africa.
“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.”
– Nathan Kaiser, Chairperson of the Cardano Foundation
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.
Mauritius, a Republic with an established regulatory framework for the custody of digital assets, aims to lead the way 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.