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Highlights
- Cardano and SERPRO are now digital partners to enhance public sector push
- As part of the partnership, about 8,000 SERPRO users will benefit from Cardano Academy
- ADA feature in national strategic reserve and in tracking US Government spending is also a focus for community
The Cardano Foundation is pushing to expand the blockchain ecosystem following its recent partnership with SERPRO, the Brazilian government’s information technology company. According to the Foundation, this partnership will see Cardano play an integral part in enhancing the efficiency of SERPRO’s operations.
The Cardano Foundation and SERPRO Partnership
Based on the announcement, this collaboration will focus on technological innovation, digital infrastructure development, and blockchain education. Despite being a tech powerhouse, the partnership will see the integration of Cardano to enhance SERPRO’s broad public administration needs.
Specifically, Cardano will enhance transparency within SERPRO’s systems. Considering its broad reach, the blockchain’s capabilities will also help improve service delivery for Brazilians.
SERPRO powers about 750 digital solutions as a government platform. These process over 33 billion transactions yearly, generating 30.4 petabytes of data. The need for the Cardano Foundation partnership hinges on risks to centralization, a harmful threat since it controls over 90% of Brazil’s structural systems.
The Cardano Academy will serve over 8,000 employees as the partners seek to integrate core blockchain tenets into the public sector. With the ongoing plan, the Cardano Foundation is optimistic that its end goal may serve as a precedent for other Latin American countries to make similar moves.
Cardano and Government Adoption Cycle
Beyond Cardano Foundation, since the start of this year, the Proof-of-Stake (PoS) protocol has featured in some conversations around government adoption. On the top of the list is the potential US Treasury Department’s integration of ADA blockchain to track government spending.
This speculation came after Elon Musk revealed his interest in hosting his Department of Government Efficiency (D.O.G.E) on the blockchain. With this update, many in Web3 have pitched Cardano as a viable protocol for this undertaking.
The decentralized nature of the protocol, technological advancement, and strong community top the list. Despite the strong insinuation of integration in the community, Elon Musk has not acknowledged this.
ADA In Reserve Asset
The Cardano network has remained in the spotlight for 90 days as its price action shows a maturing market. As of writing, the coin was changing hands for $0.8907, down by 7.04% in the past 24 hours.
This volatility followed insights regarding the prospect of ADA being included in the proposed US National Crypto Reserve. While pro-Bitcoin investors have talked down altcoins in reserve, ADA investors capitalized on the hype to push prices to a 30-day high of $1.134.
The Cardano Foundation and SERPRO partnership may also form a short-term headwind that will prevent a massive price slump.
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