Cardano Community Praised The Launch Of South African National Blockchain Alliance (SANBA)

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • Cardano praised the South African Government’s State Department of Science & Innovation for introducing the South African National Blockchain Alliance (SANBA).
  • This great step was highly appreciated by former Ethereum co-founder and Cardano chief Charles Hoskinson, who shared a video praising the move and discussing the impact of this move.
  • He also pointed out that Blockchain is one of the major transformative technologies in the government’s technical segment which helps the government to know their people better and to interact with them.

Big news for the crypto lovers from South Africa, the South African Government’s State Department of Science & Innovation has introduced the South African National Blockchain Alliance (SANBA).

SANBA, a decentralized and autonomous platform

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According to the former’s official website, SANBA is a decentralized and autonomous platform that is made to build a network for the institutions that target to develop unique and advanced blockchain solutions in South Africa. This alliance is also created to develop a network of individuals with the same mentality.

This great step was highly appreciated by former Ethereum co-founder and Cardano chief Charles Hoskinson, who shared a video praising the move and discussing the impact of this move.

SANBA will attract various local research

Also, he shared his views on Twitter by saying SANBA will attract various local research that will permit the industry to handle global issues like corruption that is not only the problem of South Africa but also a point of concern worldwide.

Hoskinson also notified that it is very necessary for people to know about the potential and possibilities of blockchain. This helps the government to have better technology to manage their countries and rectify their complex issues.

He also pointed out that blockchain is one of the major transformative technologies in the government’s technical segment which helps the government to know their people better and to interact with them. It also allows entrepreneurs entire new dimensions of product they can build which will be significantly innovative.

SANBA will dynamically support existing blockchain

Primarily, SANBA will dynamically support existing blockchain and other financial institutions such as the South African Financial Blockchain Consortium (SAFBC), he Blockchain Entrepreneurship Club of South Africa (BECSA), Financial Working Group (FWG), and many more.

The Cardano Community reacted to the launch of SANBA on twitter saying that South Africa is a major platform for the company for driving the acceptance of ADA.

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