Cardano Foundation partners with Berlin-based blockchain venture to accelerate ‘real-world business use-cases’

  • 15 August 2019, Thursday, 15:00

The use of blockchain technology has spread over several industries across the world today, use accelerated by several organizations that operate on networks built on blockchain. In a recent development, the Cardano Foundation has collaborated with the Berlin-based blockchain venture, Konfidio, intending to stimulate the use of blockchain models in corporations, small and medium enterprises, and the government.

The Cardano Foundation confirmed the partnership with a tweet and a blog post. The tweet read,

The Cardano Foundation and @konfidio a Berlin-based blockchain venture studio, have entered into a strategic partnership to enable real-world business use-cases on the #Cardano #blockchain with corporations, SMEs and governments. @nathan_kaiser #Konfidio

— Cardano Foundation (@CardanoStiftung) August 15, 2019

According to the blog post, the partnership will concentrate on use cases in the following fields namely, banking, logistics, pharmaceutical industries, and trade finance, along with government and public services. Small and medium enterprises in Germany account for 60% of German employment, and the “strategic partnership” is said to be experimented on startups and Mittelstand companies, along with global corporates.

The Chairperson of the Cardano Foundation, Nathan Kaiser, explained that Berlin is as a substantial “global blockchain center,” and would further boost the scope of the partnership. Kaiser added that the collaboration would impact the popularity of the Cardano Foundation in Germany and Europe. He 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.”

Dr. Mervyn G. Maistry, Founder and CEO of Konfidio, expressed his thoughts on the latest partnership by claiming that Cardano’s third generation blockchain guarantees stability and business continuity of real-life business models. He said,

“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.”