Cardano News Today – Cardano is one of the blockchains with amazing use cases that solve real world problems. Over the years, the team behind the Cardano blockchain has made significant progress per adoption and partnerships. Recently, the team behind the blockchain signed an MoU with the state of Georgia. The goal is to reshape the educational system within the country using the Cardano blockchain and Atala. This move is going to lead to an increase in popularity of Cardano and a boost in the price of ADA.
Cardano News Today – Cardano Latest Update – Cardano’s Deal With The Ministry Of Education In Georgia
Per our previous Cardano news, the Cardano blockchain is just like Ethereum. It is ideal for creating decentralised applications and deploying smart contracts. With the upcoming Cardano Shelley upgrade, the blockchain will have what it takes to overtake Ethereum in the dApp space. The co-founder of Cardano, Charles Hoskinson has always been an active contributor in the blockchain space. According to him, this MoU with the Free University in Tbilisi and the Department of Education in Georgia is going to reform the educational system.
Cardano (ADA) Price Today – ADA / USD
The team is going to build a platform that would be used to authenticate and authorize documents using blockchain technology. This is one of the primary use cases of blockchain technology and the Cardano blockchain is an indisputable and clear for tracking documents. Apart from the educational sector, companies that want to authenticate ID’s will also be able to use this platform.
This isn’t the first move the Cardano team is making in the educational sector. Last month, they signed an MoU with the Science and Technology sector of Ethiopia. This MoU was to allow both parties understand and explore the integration of blockchain technology in agriculture in Africa. Cardano would train blockchain engineers in Africa who will work on this integration.
Cardano News Today – ADA Latest Update – Current Price Of ADA – Benefit of The MoU To ADA
Right now, Cardano is one of the top blockchains in the space. While the blockchain is efficient for everything, the price of the ADA token isn’t up to $1. While it has recovered greatly since the cryptocurrency winter, some traders are still worried that the coin isn’t going to appreciate significantly anytime soon. At its all time high, the ADA token sold at $1.19. At the time of writing, the price of Cardano ADA was $0.089968. This means that it is down by 3.31% against the USD and down by 1.85% against the BTC. The trading volume over a 24 hour period is $153,291,990 and the market capitalization is $2,332,601,085.
The more Cardano gets deals like these, the more popular the blockchain will become and the more popular the ADA token will be. While these MoU’s don’t all require the direct integration of Cardano ADA, they are going to increase the use cases of the blockchain and this will eventually reflect on the price of the token. The token has the potential to surge as high as $3 in the next two years.
What do you think about the Cardano price prediction in our Cardano news today? Share your thoughts about the latest Cardano partnership in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.