Home | Breaking | IOHK Announces New Memorandum of Understanding With The Georgian Government

IOHK Announces New Memorandum of Understanding With The Georgian Government

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Cardano (ADA) coin against world map

Input Output Hong Kong has just annoucned that they have signed today morning a new Memorandum of Understanding (MoU) with the Georgian government. The main goal is to work together with the Georgian Ministry of Education & Science on different blockchain solutions. IOHK is the technology company behind the development of the Cardano (ADA) cryptocurrency and network.

IOHK Announces New MoU With Georgian Government

A few hours ago, Input Output HK announced that they have signed a MoU with the Georgian Government. The tweet released by the company says that the intention is to work with the Georgian Ministry of Education & Science on identifying and implementing different blockchain-enabled projects.

The tweet has added a picture in which it is possible to see Charles Hoskinson shaking hands with a Georgian government official.

In another tweet, the Cardano Foundation informed that the MoU includes the use of Atala and Cardano for the development of blockchain initiatives in the country.

IOHK was founded back in 2015 by Charles Hoskinson and Jeremy Wood as a technology company that wants to use peer-to-peer innovations to provide financial services to the world population that does not have access to them.

IOHK wrote on its official website about their goal:

“We are an engineering company that builds cryptocurrencies and blockchains for academic institutions, government entities and corporations. We are a decentralized company that loves small, innovative teams forming and executing ideas that cause cascading disruption.”

At the time of writing this article, Cardano is the 11th largest digital currency in the market. As reported by CoinMarketCap, Cardano has a market capitalization of $2.41 billion and a price per coin of $0.093. In the last 24 hours, the virtual currency grew just 1.67%.

We have written a few days ago at UseTheBitcoin that Charles Hoskinson could be working with a sneaker company. However, he didn’t provide any information about that yet. At the same time, Mr. Hoskinson is going to continue visiting other countries and meet with important figures and leaders to keep expanding the Cardano network and blockchain. The next steps for Hoskinson include Uganda, Israel, the United States, South Korea and Indonesia. Until now, he has visited over 52 different jurisdictions and countries talking about Cardano and its potentialities.

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