In an announcement published yesterday by the Cardano Foundation, the partnership between the two was announced. The partnership will aim to enable real-world business cases on the Cardano blockchain.
That’s the main goal for this too. At first, the focus will be aimed at use cases in banking, logistics, pharmaceutical industries and trade finance with government and public service use cases to follow suit.
The chairman for the Cardano Foundation, Nathan Kaiser has said:
“Our strategic partnership with Konfidio is yet another tangible step towards promoting and advocating Cardano and, more importantly, driving its real-life use cases. Konfidio’s homebase, Berlin, is a major global blockchain center and its worldwide relevance will help us put the spotlight on our one-of-its-kind platform. Our collaboration will also afford the Cardano Foundation an increased visibility in Germany and Europe.”
The founder and CEO of Konfido, Dr. Mervyn G. Maistry has said the following on the strategy for Konfido:
“Konfidio’s strategy is based on global decentralized platforms unlocking value across the global economy. After having researched all the Turing-complete blockchains, we believe the third generation blockchain of Cardano is best-placed to ensure the stability and business continuity of real-life business models. We are working with both global corporates and the German Mittelstand and will use Cardano’s revolutionary dual-layer architecture in developing complex Turing-complete transaction platforms. This strategic partnership will help the development of real-world Cardano-based applications. We will also be able to provide young entrepreneurs with a combination of business model expertise and state-of-the-art third generation blockchain as an option for their future startups. Our aim is to increase the understanding of the protocol in both corporate and startup environments and accelerate value-add for both Cardano, the blockchain community and our clients.”
The co-founder and current CEO of IOHK, Charles Hoskinson announced recently that the IOHK-created project Cardano is going to be releasing the 1.6 version in just a few days.