The Cardano Foundation just lately sealed a partnership with Petrobras, one of the crucial outstanding oil firms in Brazil. The partnership is, nonetheless, an fascinating one as many may very well be questioning why Cardano will partner with an oil firm.
Why Cardano Partnered With Petrobras
In a press release dated December 20, the Cardano Basis famous that the partnership will concentrate on its blockchain training program, which shall be made accessible to Petrobras. With this, the non-profit group goals to additional “expand understanding and adoption of blockchain technologies.”
The Cardano Foundation has, for the longest time, been tasked with advancing the community and rising its utility and adoption. Due to this fact, this partnership is little doubt a commendable one. Petrobas occurs to be one of many largest oil firms in Brazil. As such, the partnership may also be stated to be a very strategic one.
As a part of the phrases of the partnership, the Basis will facilitate blockchain education workshops for Petrobas staff. It will be a hands-on coaching as individuals shall be given the chance to debate blockchain’s potential and presumably talk about the varied use instances and purposes for blockchain expertise.
In the meantime, the partnership may mark only the start of Petrobas’ curiosity in Blockchain expertise. The oil firm stated that the partnership “represents an important step forward in our mission to harness the power of blockchain for new use cases within the energy sector.”
The Cardano Basis additionally expects this partnership to be the primary of many because it goals to “drive exploration of new use cases for the technology in the energy sector.”
ADA worth at $0.6 | Supply: ADAUSD On Tradingview.com
Proving Doubters Unsuitable
Whereas the Cardano Basis continues to maintain issues thrilling on the training aspect, the Cardano community has additionally continued to show doubters mistaken. For a very long time, many have continued to say that the community doesn’t have utility. Crypto analyst Girl of Crypto previously mentioned this as one of many the reason why ADA will underperform within the subsequent bull run.
Nevertheless, the tide appears to be altering in Cardano’s favor because the community just lately celebrated a significant milestone. The blocks on the community have been reported to have been just lately full as community utilization continues to skyrocket. Cardano’s founder, Charles Hoskinson, additionally took to his X (previously Twitter) platform to have fun this milestone and used the chance to take a dig on the blockchain’s naysayers.
Cardano’s ADA has additionally reacted positively to those developments, whilst DeFi exercise on the community continues to extend. On the time of writing, the token is buying and selling at round $0.59, up within the final 24 hours, based on data from CoinMarketCap.
Featured picture from CryptoGazette, chart from Tradingview.com
