Cryptocurrency / Blockchain

Cardano’s Africa Project Proves That Blockchain Might Improve the World

In simple terms, here’s what you need to know.

Photo by Tomas Sanimbo from Pexels, edited by the author

Pitch of this article: You’ll learn what one of the significant factors for first-world prosperity is, how blockchain works in simple terms, and how the Cardano Blockchain is in the process of improving Ethiopia’s infrastructure drastically.

Ready? Let’s start with a simple question.

What constitutes the wealth of the West? Is it the material prosperity we have? The high level of education we enjoy? Or is it the infrastructure that most countries have to offer?

The truth is that all factors are interrelated — well, they depend on one thing: infrastructure. But what exactly do I mean by that?

Infrastructure refers to all non-material institutions, facilities, and systems that are essential to society.

• If you want to start a business, you contact the tax office.
• If you want to get a recognized degree, you go to a university.
• To build a house, you legally acquire land.

None of this is self-evident, but it is one of the foundations of our prosperity. Infrastructure is a main…