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Cardano [ADA]’s Founder talks about Rwanda and the scope of decentralization

Priyamvada Singh



Cardano [ADA]'s Founder talks about Rwanda and the scope of decentralization
Source: Pixabay

On 14th August, the official YouTube channel of the science and engineering firm InputOutput [IOHK] broadcast a video of its Co-founder Charles Hoskinson in Rwanda. Here, he discussed the many possibilities of creating a decentralized space in the country. He also spoke about the history of Rwanda and what led IOHK to work there.

Earlier this year, Hoskinson was invited to speak at the Transform Africa Summit, which gathers leaders and representatives from around the globe. He shared that the leaders from different parts of the world, such as Japan and South America, also attend the conference. Together, the attendees from multiple countries make efforts to solve the common problems.

IOHK was invited at the conference to speak about the state of the blockchain space, its progress and development and a possible future scenario of the technology. IOHK also discussed the adoption of the blockchain technology by the government of Rwanda. This could reduce corruption, improve supply chains and property registration, attain more audit ability, immutability in record-keeping and suchlike to push financial independence of Rwanda.

Other areas covered by several bright minds across the globe were the Internet of Things [IoT] and education.

In the official IOHK broadcast, Hoskinson went into the history of Rwanda and shared facts. Rwanda had two dominant ethnic groups called Hutu and Tutsi. Like many other African nations, Rwanda was colonized. Hoskinson added:

“Colonization was particularly bad for Rwanda. They were colonized first by the Germans and after World War I by Belgium. And the consequence of this occupation was that certain powers were elevated to a position where it created destruction in society and resentment in society… And as generations merge in these disruptions amplified, eventually people wanted to get ethnic revenge.”

As a result, one of the worst genocides in human history took place in 1994 in Rwanda wherein a million people were brutally killed in about a hundred days, stated the IOHK leader. Despite the ethnic conflicts, the people of the country made a joint effort and worked towards the common good of the society. In his words:

“…for the most part, the country of Rwanda is one of the greatest success stories of the 20th and 21st century where one of the poorest most brutalized, humanitarian crises in all time has now turned into one of the fastest growing economies in all of Africa.”

Hoskinson also believes that the story Rwanda is a good lesson that centralization of power should be avoided in all possible ways. He said that one of the ways to solve the problem is by bringing decentralization into the system. IOHK has planned to find bright students in the region and train and enable them to build the infrastructures.

The CEO also stated that the team will speak with the government regarding the requirements of the society, once the students gain expertise in the technology.

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.