Cardano Partners With One Of Top Universities In Brazil To Boost Blockchain Innovation In Energy Sector
The Cardano Foundation, Petrobas, and PUC-Rio are partnering to bridge budding developers with blockchain app opportunities in Brazil’s energy sector. The Cardano Foundation revealed a major partnership that...
- The Cardano Foundation, Petrobas, and PUC-Rio are partnering to bridge budding developers with blockchain app opportunities in Brazil’s energy sector.
The Cardano Foundation revealed a major partnership that could boost the development of blockchain apps within the energy sector. Early this week, the organization announced its linkage with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) to advance its goal.
PUC-Rio is one of the top 5 universities in Brazil and a top-ranked university in the Latin America (LATAM) area. Cardano, in collaboration with Petrobras, a state-owned petroleum company in Brazil, has initiated a project with the university’s Ledger Labs research group to explore key innovations in blockchain economics, decentralized finance (DeFi), governance of decentralized autonomous organizations (DAOs), and digital assets.
The Cardano, Petrobas, and PUC-Rio Tie Up
Frederik Gregaard, CEO of the Cardano Foundation, believes that the major evolution in blockchain lies in education and innovation. He views their partnership with PUC-Rio as an essential recipe for empowering the next generation of developers, regulators, and industry leaders. Together, he said they could harness the full transformative potential of the technology in addressing real-world challenges and promoting positive global impact.
Meanwhile, Leonardo Lima, Vice Dean and head of Ledger Labs, emphasized that their focus is not confined merely to the field of energy. He claimed they also aim to make a substantial contribution to the field of philanthropy, particularly in social impact projects. Along the way, he praised Cardano for elevating itself as one of the leading blockchains in the world, which is known for its security and firm ESG (Environmental, Social, and Governance) principles.
In addition, Rafael Fraga, LATAM Business Development Lead at the Cardano Foundation, stated that their new partnership comes hot on the heels of their collaboration with the SERPRO public IT firm. He highlighted that their second partnership with a Brazilian entity this year is vital in their educational and enterprise efforts for budding blockchain developers and innovators.
Blockchain in the Energy Industry
Blockchain carries a transformative potential in the energy industry. Its distributed ledger technology (DLT) could help directly link consumers to power producers, thus eliminating the need for traditional distributors. As a result, it would allow them to pay their bills straight up, reducing transaction time and eliminating the fees imposed by third-party payment processors.
Moreover, Consensys pointed out that DLT could ensure efficiency on the part of energy providers by helping them monitor the chain of custody for grid resources, thereby removing bottlenecks while guaranteeing compliance, especially with environmental regulations.
Lastly, blockchain enables transparency between customers and power suppliers without compromising privacy.
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Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines. In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013. Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO's core management team, contributing to strategic planning and business development endeavors.
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