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Stratis Funds Blockchain Innovation Center in Uganda

Stratis Funds Blockchain Innovation Center in Uganda, Crypto Trading News

May 4, 2022 – London, United Kingdom

Partnered with King Oyo Foundation to develop use cases based on Stratis-Blockchain– Technologies based. Investments mark the beginning of Stratis Africa.

Stratis has entered into a long-term partnership with the charitable foundation of King Oyo, the current monarch of the Tooro Kingdom in south-western Uganda with a population of around one million.

King Oyo (Rukirabasaija Oyo Nyimba Kabamba Iguru Rukidi IV) is the youngest reigning monarch in the world, having been crowned at the age of three and a half. He is known for his keen interest in technology. A recent partnership with the Uganda Industrial Research Institute created the King Oyo Science, Technology, Innovation and Industrialization Park.

As part of the partnership, Stratis is funding a new blockchain innovation hub in the Kingdom that aims to build knowledge and blockchain development capabilities in the Kingdom. Knowledge will be shared through the development of a curriculum designed to provide relevant use case examples to stimulate creativity and innovative thought processes around blockchain applicability.

Stratis is a Microsoft-built blockchain platform from the ground up, using Microsoft programming languages ​​(C#). The curriculum will use renowned development tools such as Microsoft’s Visual Studio.

Participants can also draw on a wealth of online knowledge thanks to Stratis’ decision to use one of the world’s most popular programming languages. As part of the partnership, Stratis plans to host a senior team with commercial and technical roles in the new innovation center with the vision to further expand its ecosystem across Africa.

Chris Trew, Stratis Founder and CEO said:

“We look forward to developing a curriculum to be taught at the new innovation center that focuses on the use of Stratis blockchain technologies. We view this investment as the start of Stratis Africa and plan to deploy a leadership team to Uganda.

“King Oyo takes a forward-thinking stance on innovation that will bring new economic opportunities to the Tooro Kingdom.”

The partners will also collaborate on new blockchain use cases that can help govern the Tooro Kingdom more efficiently for the benefit of its people. A particular area of ​​interest is in agriculture. The Tooro Kingdom is known for its fertile soil, sunshine and plentiful rainfall.

Stratis’ management team already envisions the deployment of agriculture and track-and-trace solutions through the adoption of blockchain technologies to enable new intelligent resource management facilities. This will be achieved through IoT devices interacting with Stratis blockchain technologies to create an immutable data store containing data on property usage, weather conditions, product traceability and financial details.

About the partnership, King Oyo Nyimba Kabamba Iguru Rukidi IV said:

Blockchain– Technologies offer new approaches to organizing societies and increasing efficiency. In the Tooro Kingdom, we see that blockchain immutability has significant potential for example for applications in agriculture, logistics, banks and many more. I look forward to working with Stratis to advance knowledge and understanding across the kingdom.”

Stratis has seen significant growth in new applications built on its foundational Layer One blockchain technologies in recent years as developers appreciate the ease of development in the world’s most popular programming language, C#. Innovations on Stratis are thriving in areas such as blockchain gaming (20 new games in development), DeFi (Opdex decentralized exchange was recently launched) and NFTs (the Stratisphere royalty-free NFT platform is now live).

About Stratis

At Stratis, our mission is to simplify the adoption of blockchain technology into existing computing environments.

To fulfill this mission, we have developed a Blockchain-as-a-Service (BaaS) platform written entirely in C# and based on the Microsoft .NET Core framework. This means that more than 10 million developers around the world with C# skills can easily apply blockchain within their existing tech stack.

Decentralized and highly secure, the Stratis blockchain offers an ideal platform for the deployment of decentralized applications with smart contracts. Over $2 billion in value has been successfully secured on the Stratis public blockchain.


Kim Basak

Stratis Funds Blockchain Innovation Center in Uganda, Crypto Trading News

The Post Stratis To Fund Blockchain Innovation Center in Uganda appeared first on The Daily Hodl.

Source: Crypto News Deutsch

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