Grow Africa, Grow Cardano
It's no secret that Cardano is recognized as a blockchain with a strong focus on Africa, and formally stated as such in Cardano's strategic goals. However, as other blockchain protocols recognize the potential of crypto in Africa, without concrete sustained action, Cardano risks losing a potential $1 trillion in market share of the African market to other blockchains within the next 3 years.
- Africa's crypto market has grown by $105 billion in the last year (2020-2021). Africa is the next crypto frontier- World Economic Forum
- Alameda Research, Coinbase Ventures, Cadenza, CMT Digital, Distributed Global, GSR, Third Prime and Avon Ventures: African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital: https://www.coindesk.com/business/2022/03/01/african-crypto-exchange-valr-raises-50m-in-series-b-led-by-pantera-capital/
In Catalyst Fund7 the combined Africa funded projects amount was almost negligible compared to those from western and developed economies. https://twitter.com/danny_cryptofay/status/1496078645319933954?s=20&t=Ohr06EIZW05vz_B4Fjk_JA
This needs to be reversed through intentional action. Otherwise smaller and smaller portions of Catalyst funding will continue to be allocated to projects focused on African and other emerging economies due to endemic barriers.
"Having a funding round that focuses on Africa is a win, win, win scenario. Africa wins by getting some backing. Commercial projects that are already building up in Africa win, because they get the signal of support from our community. Cardano holders win when there is an encouraging environment for mass adoption anywhere. Focusing on Africa is a strategy that has often been promoted and is openly pursued by IOG and Charles Hoskinson. The ROI is likely to be high because community sponsored projects are better run in young and developing economies." Greg Bell; (originator of the Grow Cardano series)
Why is it important?
We need to look at the fundamentals that are preventing Africa from being a Cardano adoption leader, rather than a perpetual follower.
How does success looks like?
Practical innovations offered on tackling the unique challenges faced by the continent. A clear roadmap that points to increased adoption.
Key Metrics to measure
- Number of proposals addressing the fundamental issues preventing Cardano adoption in Africa
- Number of proposals offering solutions to infrastructure and education concerns
- Number of new Africa-based users onboarded onto Cardano (wallets, platform sign-ups)
- Number of new Africa-based Catalyst members (proposers, voters, CAs)
- Number of new African projects seeded in 2022
- Number of African developers onboarded in 2022
- Local impact (measurable through user activity and reach)
- Local partnerships formed (size of institution + influence)
Workshop 4-days in Angola
Solution: Translate a 4-day Workshop to Portuguese, give a physical workshop in Luanda, attract local sponsorship and promote networking and employment opportunities through local contacts
WIMS Cardano Girls Education
Solution: WIMS-Cardano will establish and successfully run Maths, Finance, Haskell, Plutus, Marlowe, Smart Contracts Development, etc clubs for girls in schools, communities and online to promote girl education
WeCare: Unlocking Human Finance
Solution: By utilizing the power of the Cardano blockchain, WeCare will disrupt the inefficiencies & corruption in the nonprofit industry, and empower recipients of aid by providing transparency & traceability.
Wada Internships->African Students
Solution: Develop and launch an internship program that caters to students and recent graduates in Africa. This program will consist of onboarding, training, then connecting them with Catalyst projects.
Vaccines and Family Medical Record Quick Pitch
Solution: Management of the prenatal and preschool consultation process (vaccines), detection of the medical history of the ancestors for appropriate treatment. Management of the medical file by family.
US-Kenya Based WOT Remittance Chain
Solution: American branch incentivizes migrants already sending remittances to switch to this trust-chain, which is zero cost. The other end, in Kenya, has KYC built in by the Bank of Kenya and is an OpenAPI.
Ubuntu Informal Biz Credit DApp
Solution: Use cooperative smart contracts to provide financial collateral-free credit to informal sector businesses in Africa while leveraging the Cardano blockchain.
TV Series ft. Cardano: awo.AI Quick Pitch
Solution: awo.AI is a TV series featuring Cardano that entertains African audiences while educating them about the blockchain and Project Catalyst.
Translate Pool Peek Mobile: Swahili
Solution: We built Pool Peek Mobile to assist users with the staking process. We will translate the app into Swahili (~200 million African speakers).
TiDi Nation - Grow Africa Quick Pitch
Solution: TiDi Nation (TN) KPIs can be identified: impression, cost effective, and customer life-time return. TN will on-board, educate and teach student athletes how to monetize using the Cardano ecosystem.
The tokenization of real estate Quick Pitch
Solution: The real estate market in the Democratic Republic of Congo seems to be entering a new phase of financial bubble. It is said to be linked to the shortage of properties on the real estate market.
The Story Bank
Solution: The Story Bank provides a way to preserve the stories of our ancestors by going into local communities and bringing those stories on chain and ensuring they last for generations to come.
The Africa Catalyst School
Solution: Provide Africa with a catalyst school to onboard local communities and enhance the impact of Catalyst in the continent.
TECH-E
Solution: We create school to train young people for free priori children (and girls) from scratch but also developers so that they master blockchain development and can build innovative applications on cardano
Swahili Learn to Earn Quick Pitch
Solution: Lido Nation has 50+ articles about Cardano & Catalyst in Swahili. Next: incentives for Swahili-speakers to learn, open wallets, earn ADA+NFTs by engaging with educational content & taking quizzes.
Sustainable Coffee to Earn 🌍☕️✍️
Solution: Measure and visualize CO2 emissions associated with coffee production. Design a mechanism to increase the creditworthiness and incentives of producers in Africa by reducing CO2 emissions.
support for education
Solution: Considering the above traumatic effected We believe that by implementing the school care project for children affected registering them in the cardano system for a reliable and database can relieve,
Supply dustbin cans in universities
Solution: Submitting dustbin cans for universities especially government universities so that to help them in keeping environments clean and same time to create awareness of cardano to them
Sub-Sahara Africa (Cardano Mission)
Solution: Redefining Africa’s Digital Economy Through Cardano Blockchain Sensitization Program To Engage Policy Makers and Local Government Representatives.
SSI from ancestral African Lenses
Solution: Create a space for a deep conversations on the perception of identity viewed through African lenses, incorporating the complexities of an individual's identity and its ties to cultural group identity.
SHiELD Dapp, growing Africa digital
Solution: The protocol provides a free hybrid public-private distributive decentralized database for all Nations within Africa.
Seniors Ideate
Solution: Grow a core group of senior professionals in Ghana through a gradual onboarding process to participate in the Cardano community in various capacities and to replicate the process among their peers
Scale-up Africa’s Community Hubs
Solution: Impact scale-up programme empowering African community hubs to become self-sufficient social impact organisations: maximising their value creation and cultural and commercial impact
RemoStart: Africa Job Shadowing
Solution: We are building a job shadowing platform powered by the Cardano blockchain for Africans. Users use our platform to learn and gather initial working experience after get linked to remote work globaly