Cardano Foundation partners with Konfidio to drive enterprise blockchain adoption

The Cardano Foundation and Konfidio, a Berlin-based blockchain venture studio, today announced they’ve entered into a strategic partnership to accelerate blockchain models with corporations, small and medium enterprises (SMEs) and governments.

This is the first such alliance for the Zug-headquartered Cardano Foundation, the not-for-profit blockchain organization, and is in line with the mission to create and unlock value by driving the adoption of the Cardano blockchain.

The partnership’s main goal is to enable real-world business cases on the Cardano blockchain. The initial focus will be centered on use cases in banking, logistics, pharmaceutical industries, and trade finance, with government and public service use cases to follow.

“Our strategic partnership with Konfidio is yet another tangible step towards promoting and advocating Cardano and, more importantly, driving its real-life use cases. Konfidio’s homebase, Berlin, is a major global blockchain center and its worldwide relevance will help us put the spotlight on our one-of-its-kind platform. Our collaboration will also afford the Cardano Foundation an increased visibility in Germany and Europe.”
– Nathan Kaiser, Chairperson of the Cardano Foundation

The model under the strategic partnership will be tested on startups, Mittelstand companies—SMEs that supply more than 60% of German employment, as well as large multinational corporations with global operations that are core to their strategy.

“Konfidio’s strategy is based on global decentralized platforms unlocking value across the global economy. After having researched all the Turing-complete blockchains, we believe the third generation blockchain of Cardano is best-placed to ensure the stability and business continuity of real-life business models. We are working with both global corporates and the German Mittelstand and will use Cardano’s revolutionary dual-layer architecture in developing complex Turing-complete transaction platforms. This strategic partnership will help the development of real-world Cardano-based applications. We will also be able to provide young entrepreneurs with a combination of business model expertise and state-of-the-art third-generation blockchain as an option for their future startups. Our aim is to increase the understanding of the protocol in both corporate and startup environments and accelerate value-add for both Cardano, the blockchain community and our clients.”
– Dr. Mervyn G. Maistry, Founder and CEO of Konfidio