Charles Hoskinson, the founder of Cardano and Chief executive officer of IOHK has announced the launch of enterprises Blockchain for billions of people living in Africa. With this Blockchain, the company aims to offer financial services to them.
The IOHK’s framework named as ‘Atala’ will focus to serve developers, companies, government and anyone on Blockchain who is looking to implement a new product. Here Atala (named after a butterfly that is found in Florida) is basically an “enterprise framework similar to hyper ledger fabric. However, the point is to be a solution provider for the government in need of municipal currency or a supply chain management system. They require a type of framework that serves as libraries and modules that would allow governments to rapidly build a product for end users.” As stated by Hoskinson to Forbes.
While Atala may tout to be similar to open source Hyperledger fabric used by IBM Blockchain, but regardless of it, the solution took the different route by serving the need of governments of developing countries, giving less importance to fortune 500 companies focused by IBM Blockchain. Thus, the enterprise Blockchain platform will offers solution to the developing countries for the real world use cases such as property registration, electoral voting systems, along with the supply chain management. Moreover, unlike other enterprises Blockchain platforms, the Atala Blockchain framework focuses on cryptocurrency adoption rather than avoiding their use.
Furthermore, Hoskinson said that the new enterprise’s Blockchain platform Atala will first be used for collaboration with the government of Ethiopia, in the countries initiative to develop new digital assets that will offer the nation more dependable and secure means of the payment system.
He elaborated saying “while we have several MoU (memorandum of understanding) signed. The most prominent of which we are going to build is a utility currency for Ethiopia’s capital, Addis Ababa. We are working with the Ethiopian government to create a new digital payments system that will allow six million users to pay their power and electric bills with cryptocurrency. We want to eventually combine this with an identity card.”