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  • Atala framework focuses more on developing countries and less on Fortune 500 companies.
  • The platform provides real-world use cases such as property registration, voting systems as well as supply chain management.

The former founder of Ethereum who doubles up as the founder of Cardano as well as the CEO of IOHK, Charles Hoskinson has announced that he is launching “an enterprise blockchain framework that aims to provide financial services to billions of people living in African countries.”

The framework dubbed “Atala” will provide multiple solutions for developers, businesses and even the governments that are working towards the implementation of new products.

“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,” Hoskinson to Forbes.

Contrary to IBM Blockchain Hyperledger Fabric which mainly focuses on Fortune 500 companies, Atala has been designed to cover the needs of developing countries. The platform provides real-world use cases such as property registration, voting systems as well as supply chain management. It is also inclined towards cryptocurrency adoption and at its launch, it will be used in collaboration with the Ethiopian government in the development of a digital asset to help in the provision of a secure and dependable transfer system. According to Hoskinson:

“While we have several MoUs signed, the most prominent of which we are going to build is a utility currency for Ethiopia’s capital, Addis Ababa. We are working with the Ethiopian government to create a new digital payments system that will allow six million users to pay their power and electric bills with cryptocurrency. We want to eventually combine this with an identity card.”