Amidst the ongoing Cardano Summit 2021, IOHK founder Charles Hoskinson announced a partnership between Cardano and DISH Network, a fortune-500 American television satellite provider.
The strategic partnership aims to introduce Cardano’s blockchain technology to DISH’s telecom companies, more likely to increase Cardano’s adoption and benefiting DISH’s customers with 8 million digital identities (D.I.D) on phones satellite.
DISH and Cardano
Talking on the Cardano Summit 2021, Hoskinson stated that whereas the principle thought was to create a community the place customers can transfer seamlessly from one space to another, the underlying business infrastructure has remained “ossified.”
“We think there’s a lot of intersection between using identification the motion of knowledge capability exchange and other issues that may be accomplished and explored.
And it may be accomplished at a scale of millions to tens of millions, and eventually at a worldwide scale. So, this can be a super exciting relationship we can’t wait to see the way it goes.” Said Hoskinson.
The IOHK founder added that he hopes the partnership will transform the entire model of the Telecom business regardless of the challenges of implement blockchain technology into the field.
According to him, millions of DISH users can have network connectivity with Cardano, without the effect of centralized companies. If it becomes successful, it could turn into the default business model for the telecom space.
DISH is among the largest Telecom services, with over 19 million prospects, that offers customers full management of every side of their accounts. The company is also one of the first public firms to simply accept crypto funds and is listed as a fortune-500 company.
ADA Remains Green in a Red Market
This and different positive information are pushing ADA’s price to greater ranges, regardless of the bearishness surrounding the current recycled Chinese FUD. Cardano was Friday’s exception by remaining on the green while the altcoin market shed blood.
As press time, ADA is trading at $2.32, with a market cap of $75.5 billion, based on CoinGecko. ADA is now the third greatest cryptocurrency, following BTC and ETH.