Blockchain

Cardano Chief Congratulates South African Govt for Launching Blockchain Alliance

The South African Government’s State Department of Science & Innovation has launched the South African National Blockchain Alliance (SANBA). As per its official website, SANBA, a decentralized and autonomous platform, has been created to build a network of like-minded individuals & institutions aiming to develop innovative blockchain solutions for South Africa.

The move has received high appreciation from former Ethereum co-founder and Cardano chief Charles Hoskinson, who released a video praising the move and discussing its impact. In a video shared on YouTube, Hoskinson said that SANBA would attract a lot of local research that would allow the industry to tackle global issues like corruption, which not only concerns South Africa, are a universal problem.

Hoskinson stated that it is important for people to understand the potential and possibilities of blockchain, which also helps the administration to have better tools to manage their countries and address complex problems. He further added,

“Blockchain is one of the most transformative technologies in government tech sector that can allow governments better interact and know their people, and allow entrepreneurs a whole new dimension of products they can construct that are quite innovative.”

Initially, SANBA will actively assist existing blockchain and other financial initiatives like the South African Financial Blockchain Consortium (SAFBC), Financial Working Group (FWG), the Blockchain Entrepreneurship Club of South Africa (BECSA), etc. Reacting to the launch of SANBA, the Cardano Foundation, the governing body of the Cardano project, tweeted that South Africa is a major focus for the company for driving the adoption of ADA.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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