- The Cardano training program in Nairobi will equip participants in Haskell programming language, Marlowe financial smart contracts, and Plutus smart contracts.
- The program will involve both in-person training at the African Blockchain Center and virtual settings.
The African continent has over 38 million people directly invested in the cryptocurrency market according to recent research conducted by Triple-A. Interestingly, more people across the African continent remain unbanked with a general lack of progressive financial services. As a result, blockchain technology has provided a quick remedy and way out for most oppressed investors across the continent, who have suffered under poor leadership characterized by a high cost of living coupled with rising inflation.
The Cardano (ADA) network has embarked on an epic journey to onboard more Africans to a modern means of financial inclusion through decentralized financial services. Moreover, digital assets led by Bitcoin have proved to be a strong remedy to the rising global inflation. Additionally, the continent has remained receptive to Bitcoin among other digital assets led by the Central African Republic which adopted BTC as its official legal tender.
Cardano Network Double Downs Its Investment in Africa
One of the leading smart contract-based blockchain Cardano (ADA) networks has made significant investments both in resources and education in the African continent. In its latest update, Cardano’s Input Output Global (IOG) announced a strategic collaboration with the African Blockchain Center to launch a comprehensive two-month training program in Nairobi, Kenya.
According to the announcement, the training program will significantly focus on the Cardano smart contract development including equipping the participants with the necessary skills in Haskell programming language, Marlowe financial smart contracts, and Plutus smart contracts.
Reportedly, the director of education at Input Output Global (IOG), Lars Brünjes, is expected to lead the training program in the next two months. Additionally, other key experienced persons will be working closely with Brünjes to help aspiring developers in Kenya obtain the necessary skills in smart contract and DeFi development.
💼 Education is vital for driving #blockchain adoption, and this program aims to nurture a skilled workforce in the #blockchain domain.
📚 IOG wishes all the students a pleasant learning experience as they embark on this two-month #Cardano #blockchain training program!
— Input Output (@InputOutputHK) August 8, 2023
Notably, the Cardano training program in collaboration with the African Blockchain Center will encompass both virtual and in-person meetings. The first two weeks of the Cardano training program will involve in-person meetings at the Africa Blockchain Center.
The remaining six weeks will involve virtual meetings in a bid to reach out to more students seeking blockchain knowledge. Meanwhile, the IOG has requested the training participants to offer their feedback and insight throughout the entire period.
Market Outlook
The Cardano network has undeniably grown to a mature ecosystem with a market capitalization of about $10.4 billion and an FDV of around $13.4 billion. Notably, the Cardano ecosystem had a total value locked (TVL) of approximately $179 million and a Stablecoins market cap of about $15.67 million. The Cardano numbers are expected to go exponentially high in the coming months amid the mainstream adoption of digital assets led by institutional investors.
