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The Cardano Foundation has partnered with German blockchain venture studio Konfidio in order to accelerate the adoption of blockchain business models with corporations, small and medium enterprises (SMEs) and governments.
The alliance primarily aims to promote real-world business cases on the Cardano blockchain. The partners will initially focus on use cases in banking, logistics, pharmaceutical industries, and trade finance, with government and public service use cases to follow.
Nathan Kaiser, Chairperson of the Cardano Foundation, said that the collaboration with Konfidio will help the foundation with increased visibility in Germany and Europe.
“Our strategic partnership with Konfidio is yet another tangible step towards promoting and advocating Cardano and, more importantly, driving its real-life use cases,” Kaiser said. “Konfidio’s homebase, Berlin, is a major global blockchain center and its worldwide relevance will help us put the spotlight on our one-of-its-kind platform.”
As per the announcement, the blockchain business model will be tested on startups, Mittelstand companies—SMEs that supply more than 60% of German employment, as well as large multinational corporations with global operations that are core to their strategy.
Dr. Mervyn G. Maistry, Founder and CEO of Konfidio, believes that the third generation blockchain of Cardano is best-placed to ensure the stability and business continuity of real-life business models. In addition to working with German Mittelstand and global corporates, he said that they would be able to “provide young entrepreneurs with a combination of business model expertise and state-of-the-art third generation blockchain as an option for their future startups.
“Our aim is to increase the understanding of the protocol in both corporate and startup environments and accelerate value-add for both Cardano, the blockchain community and our clients,” Dr. Maistry added.
The Cardano Foundation is tasked with the responsibility of overseeing and supervising the development of the Cardano blockchain and its ecosystem. It works alongside Input Output HK (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures.
Cardano (ADA) is currently the thirteenth largest cryptocurrency by market capitalization and is trading at $0.04 at the time of writing.
