Charles Hoskinson, former Ethereum Co-Founder and founder of Cardano, announced the launch of an enterprise blockchain framework, “Atala”, which aims to provide financial services to billions of people living in African countries.
“Atala is an enterprise framework similar to Hyperledger Fabric. However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system. This requires a type of framework that serves as libraries and modules that would allow governments to rapidly build a product for end users,” as said by Hoskinson.
It focuses more on governments in developing countries. The framework is for real-world use cases such as property registration, voting systems, and supply chain management. Atala focuses on digital currency adoption.
According to Hoskinson, Atala will first be used in collaboration with the government of Ethiopia to develop a new Cryptocurrency to provide a secure and dependable means of payment for the nation’s capital. The framework will also be introduced in other African countries that lack legacy infrastructure, with a focus on enabling a new smart economy.
Another primary goal of Atala is to seamlessly move user value between different blockchains.
In this regard, Hoskinson stated, “ There needs to be more of a discussion about blurring the line between a permissioned ledger, enterprise ledger, and a permissionless system. We need to talk about this as one spectrum and seamlessly move user value between the two. For instance, you don’t want to alert users that they are leaving the Cardano blockchain and entering Ethereum – you just want them to have a seamless experience. What we need is focus on moving data, actors and value between these systems so users can move between exchange and open ledger.”
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