Home
News
- Cardano blockchain network has partnered with American telecom service provider Dish
- Charles Hoskinson announced the partnership in the recent Cardano Summit 2021
- The partnership will allow Dish to offer 8 million digital identities to its clients
Cardano has been observed as a soaring cryptocurrency project. The active community members of the blockchain believe that it has the potential. According to CoinMarketCap, ADA, the native crypto project of the network is the third-largest cryptocurrency in terms of market capitalization. Following such bullish days, Charles Hoskinson, the founder, and CEO of IOHK, the firm behind Cardano revealed a partnership with DISH. It is expected that the partnership will provide fortune 250 firm Dish Network to provide DID to its 8 million clients.
American telecom service provider adopted Cardano
Charles Hoskinson has just announced a landmark partnership with Dish Corporations. Such partnership brings the global telecom industry and blockchain technology together. Notably, Hoskinson revealed the partnership in a recent Cardano Summit 2021. Indeed, it’s one of the first collaborations of such kind in the entire cryptosphere.
How will the blockchain network help DISH?
In the latest announcement, Hoskinson mentioned that the partnership will allow the global telecoms provider to unlock value for its users. Indeed, the latest partnership aims to introduce Cardano blockchain to Dish. Moreover, the American service provider will supply 8 million digital identities (D.I.D) on phones Satélite to its clients. Simultaneously, the firm was already being speculated as a possible acquisition of Am on due to its 5G growth strategy.
Following the tremendous partnership, Hoskinson noted that there’s a lot of intersection among the use of identity, the movement of data capacity exchange, and other things that can be done and explored. Simultaneously, such explorations can be done at a scale of millions to tens of millions, and eventually at a global scale.
The partnership seems a game-changing strategy
The dish is one of the first public firms that has adopted blockchain technology. Such collaborations can transform the entire model of the Telecom industry. Despite the challenges of implementing blockchain networks, users of Dish will have network connectivity with Cardano. That too without the requirement of any centralized corporations.
How will the partnership help Cardano?
It is worth noting that Dish has a massive user base of more than 19 million users. The strategic partnership will boost the adoption of Cardano’s blockchain technology. According to Hoskinson, while the main idea was to establish a network where clients can proceed seamlessly from one space to another, the underlying business infrastructure has remained rigid.
However, following Cardano’s tremendous growth it seems super exciting to witness such relationships. The entire cryptosphere is eyeing to note how it goes. Ultimately, if the collaboration goes successful, the telecom industry will be turned into the default business model.
