The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA), with the goal being “exploring further ways to expand its footprint in the region”, according to the official release published on April 7.
SANBA involves several stakeholders, including state, business, academic and civilian entities to expedite the research and implementation of the technology. The Cardano Foundation has shown a lot of enthusiasm for what its network can do for developing economies, saying of the nation,
South Africa is a key market in building a network of governments, institutions and enterprises using Cardano on the African continent. The renewed focus on Africa represents a step towards building economic inclusion throughout the region with Cardano.
The foundation elaborates on its purpose for the continent, saying that a broad range of applications could greatly strengthen the economy.
As part of the Cardano Foundation’s activities in growing the ecosystem across Africa, it also aims to help the region’s countries to boost their fintech efforts by laying the groundwork to future-proof the blockchain industry…[and] to enhance Cardano’s position throughout every country in Africa with a focus on blockchain governance, fintech conduct, smart contract frameworks and education.
Cardano has had a close relationship with Africa. The official announcement confirms this, saying that South Africa aims to employ the technology to “boost socio-economic growth and SANBA will play a key role.” The project has also launched an enterprise blockchain framework in collaboration with the Ethiopian government.