Input Output, the parent organization of the Cardano blockchain, has launched an incubator scheme, dubbed Ariob, as it sets sights on growing the Cardano ecosystem.
Under the scheme, a select number of projects will be chosen to join a support program running through the first half of 2022. The program offers services aimed at realizing creative potential, testing ideas, and using prototypes to find the best product.
Ariob will also help connect projects with educational institutes, government organizations, NGOs, and local companies.
So far, the following 9 projects have been onboarded onto the scheme:
1. DirectEd
DirectEd is developing a solution to facilitate scholarships for students in low-income countries using the transparency, peer-to-peer, and smart contract capabilities of blockchain technology to reduce costs and eliminate corruption.
Many talented students lack the financial means to realize their potential, but philanthropists may hesitate to donate for two reasons:
- First, they cannot ensure that the money goes directly to the student, and
- Second, attaching conditions to donations to ensure that funds are used for their intended purpose is costly
DirectEd solves these problems by providing a transparent, secure, and low-cost way of making conditional peer-to-peer donations directly to students.
2. CheCha
This is a digital USD voucher system to solve the small change crisis in Zimbabwe. CheCha acts as a trusted third party between customers and vendors to facilitate micro-loans.
Vendors can join into partner networks allowing loan redemption within their closed-loop system and with the introduction of $ADA wallets, user-to-user transfers are now possible.
In addition, the platform will also become the first commonly recognized liquidity market between fiat and crypto in the country.
3. CanuckCrypto Ekival
A blockchain-based escrow service that allows users to apply the Hawala system to their money transfers. Hawala is a system for transferring money, whereby the money is paid to an agent who then instructs a remote associate to pay the final recipient.
Ekival displays location-based accumulations of value (liquidity pools in the money transfer case) that users based in other locations can commit to acquiring on behalf of beneficiaries.
4. Thrift Finance
A decentralized and trustless thrift savings system governed, maintained, and upgraded by $THRIFT token holders.
Thrift aims to create a more accessible and efficient financial system for Africa through smart contracts.
5. DeliveryChain
DeliveryChain wants to disrupt the centralized postal industry through a peer-to-peer solution built on blockchain.
The aim is to enable cheaper, faster, and more reliable parcel delivery across Africa.
6. HippoCrades
A decentralized healthcare information exchange that uses blockchain to allow information to be passed between healthcare systems without compromising security and privacy.
HippoCrades also provides healthcare modules and APIs for developers to build decentralized health applications ready for Web3.
7. WADA
Building a Web3 micro-lending solution that empower Africans on the continent and in the diaspora, WADA’s vision is for a more inclusive economy and society enabled through blockchain technology.
8. African Blockchain Center for Developers (ABCD)
A talent ecosystem that seeks to mentor Africans and provide opportunities to build revolutionary projects.
ABCD’s activities are geared towards closing the developer skill gap by providing learning opportunities and acting as a bridge between skilled people and potential clients.
9. Waya Collective
Waya Collective is building a decentralized enterprise network to find a new equilibrium in global manufacturing. The current practice of centralized production, combined with long and complex supply chains, is ever-more challenging for everyone involved.
The Waya Collective intends to provide Africa-focused producers access to loans, know-how, and a network of reliable partners in a decentralized way.
The Ariob incubator was started in partnership with iceaddis, a pan-African business incubator and accelerator based in Addis Abbaba, Ethiopia.
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RECOMMENDED READING: Cardano Blockchain Attracted the Most Developers in 2021, Says a Santiment Study
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