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Cardano’s IOHK Partners With the United Nations to Promote Blockchain Project

Cardano’s IOHK has Offered $10,000 Bounty to Accelerate Sustainable Blockchain Projects in Partnership With the United Kingdom The News Comes Shortly After the Cardano Foundation Launches $250,000, Developer Fund 

Cardano News Today – The United Nations has made its interest in blockchain technology clear. They understand that decentralized technology is going to play a role in the future of technology. Now, they are teaming up Cardano’s IOHK to offer the $10,000 bounty for sourcing out sustainable blockchain projects. This is going to help promote the UN’s overall blockchain promotion development goals. To qualify for the bounty, you must have a scalable, and open source project on the Cardano blockchain.

Cardano News Today – All Projects Will be Submitted Through Project Catalysts

It is specifically because of things like that that Cardano developers came up with Project Catalyst. Project Catalyst will be the platform through which all the projects are sourced. The Cardano community will decide which projects will receive the $10,000 bounty fund as long as their projects are seen as sustainable. Most of the projects that are created on blockchains are good but not sustainable long-term because they are not scalable. IOHK is interested in projects that can scale because these are the only projects that stand a chance for large scale adoption. They also need projects that offer real world use cases.

While scalability and usage are the two most important factors that are currently hindering the global adoption of cryptocurrencies, some other problems include energy consumption and interaction with fiat money. Cardano is much better than Bitcoin and many other blockchains when it comes to energy consumption and scalability. This is why the UN had decided to partner with IOHK. About five years ago, the United Nations created a project in charge of sustainable development goals. They came up with a blueprint containing 17 solutions for the numero...

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