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Latest cryptocurrency news > Cardano (ADA) > Cardano Strikes Major Partnership with Brazil’s Petrobras
Cardano (ADA)

Cardano Strikes Major Partnership with Brazil’s Petrobras

BH NEWS
Last updated: 21 December 2023 12:20
BH NEWS 2 years ago
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The popular cryptocurrency project Cardano (ADA) has partnered with Brazil’s state-owned energy company Petrobras. This collaboration will kick off with blockchain education workshops for the Brazilian organization’s employees, aiming to enhance their understanding of the crypto sector and the potential of blockchain technology.

Participants in the program will have the opportunity to learn about the features of the cryptocurrency industry, discuss the potential of blockchain, and complete “interactive quizzes” on related topics. The Cardano Foundation has already conducted two workshops in the Metaverse, focusing on global perspectives and regulations specific to Brazil.

Petrobras, headquartered in Rio de Janeiro, is one of Latin America’s largest companies with over 45,000 employees and an annual revenue of approximately $125 billion. Participants who complete Cardano’s education program will receive a special certificate, and the first 500 participants will be awarded a non-fungible token (NFT) to highlight their achievement. Cardano Foundation CEO Frederik Gregaard highlighted the project’s goal, emphasizing empowerment through education and the partnership’s significance in showcasing the growing interest in blockchain education among businesses and the expanding reach of the Cardano Foundation and its mission.

The Brazilian company also underscored the partnership, describing it as a significant step forward in leveraging the power of blockchain for new use cases in the energy sector. This aligns with their mission to explore innovative applications of blockchain technology.

Beyond Brazil, Cardano has previously offered similar educational programs in Africa. In April 2021, the project partnered with Ethiopia’s Ministry of Education to create a blockchain-based national identity system expected to reach 3,500 schools, 5 million students, and 750,000 teachers. Shortly after, Input Output and World Mobile Group announced a collaboration aimed at improving access to social, digital, and financial services in Tanzania through Cardano’s blockchain.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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