Why is it important?

The growing exposure to blockchain technology in the country creates an environment that’s positioned for change and innovation.

What does success look like?

Deployment of creative solutions using Cardano’s technology, further driving the adoption of blockchain and the development of the country.

Key Metrics to measure

• An increased growth in the number of Cardano Blockchain projects in the Country.

• Measurable growth in the country’s awareness of Cardano’s technology.

• Number of lives positively impacted by the projects proposed.

• Number of existing businesses being onboarded into the Cardano ecosystem.

• Number of new businesses being developed through the use of Cardano’s Technology.

  Challenge brief

Despite the ongoing systemic issues El Salvador suffers from, many advancements have been made in recent years, ranging from infrastructure to the exposure of decentralized technologies. The introduction of these new technologies also opens the doors to new possibilities.

Although many efforts are being made by international blockchain communities to explore new opportunities in the country, not many people have proposed solutions with Cardano’s technology.

Thus, to start we propose the following areas of relevance for the country’s advancement that might be a good entry point for the creation of Cardano powered solutions:

• DeFI: The percentage of the unbanked population is high, and the facilities that credit access for entrepreneurs is pretty low. This leads to a segmentation of the population that has proper financial means, and limits the capabilities of consumers and small businesses.
• Natural Disasters Response: El Salvador is subject to a number of environmental risks, such as earthquakes, hurricanes, and flooding, which tend to take a toll on the population.
• Education: Like many countries in Latin America, El Salvador is subject to low standards and unequal access to education.
  • Elementary Education: The average dropout rate of schools is high across the country, and only a few percent of people manage to make it to university, which spoils the professional and productive capabilities of the country.
  • Technical Education: There’s a lack of availability and affordability for technical education. Even outside universities, the companies that actually provide these services tend to be outdated with their content, and the graduates are not job-ready.