Algorand Foundation Partners With Boston University To Support African Farmers

Twitter icon  •  Published 1 month ago  •  Hassan Maishera

The Algorand Foundation announced via a blog post on Monday that it has partnered with Boston University and Hello Tractor to develop an application where local farmers can share access to tractors.

The Algorand Foundation announced via a blog post on Monday that it has partnered with Boston University and Hello Tractor to develop an application where local farmers can share access to tractors.

According to the Algorand Foundation, this project is the first to combine blockchain technology and contract theory to help firms ‘leapfrog’ institutional and infrastructure problems in Africa and other developing countries and drive the formation of pro-poor, inclusive digital ecosystems.

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products.” As such, Algorand ensures "full participation, protection and speed within a truly decentralized network." ALGO is trading at $0.3665 at press time, up by more than 2% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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