Big Win for Cardano as IOG Becomes The First Blockchain Company To Join AmCham Mongolia

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Input-Output Global (IOG) has become the latest member to join the American Chamber of Commerce in Mongolia. The organisation revealed this update in a tweet on Tuesday.

AmCham Mongolia tweeted via its official handle, saying:

“[AmCham Members] We are very excited to announce our newest member @InputOutputHK, a leading technology company committed to the highest principles of academic rigour and evidence-based software development,” 

Input-Output Global also shared the achievement.

Interestingly, the members’ page showed that IOG is the only blockchain company to partner with the organisation. This development will contribute immensely to the launch of several blockchain projects worldwide.

Related: Cardano (ADA) Price Remains Low Despite Vasil Hard Fork Enthusiasm, but Things Are Expected to Change Soon

IOG Leads Blockchain Initiative in Africa

Charles Hoskinson, Cardano’s founder, remains committed to improving blockchain adoption and has already opened up on plans to launch various blockchain initiatives in Africa. For example, Hoskinson revealed plans to launch a peer-to-peer (P2P) lending network in Africa in February. 

In April, the leading blockchain company partnered with Iceaddis to launch a program to support African startups. Furthermore, in May, IOG noted that it was edging closer to the launch of a blockchain-based educational system in Ethiopia.

Interestingly, crypto and blockchain adoption is growing significantly in developing countries with little trust in central systems. IOG recognises this and looks set on doing its part to encourage blockchain adoption in these regions. 

Meanwhile, the Cardano network is on the cusp of a significant milestone. Notably, the network is edging closer to the long-awaited Vasil hard fork. The community believes the upgrade will launch on the mainnet by month end, ushering in a wave of DApps, with better scalability and throughput.

Read More: Over 7 Million Merchants Can Accept Cardano Using ADA Pay’s New Plug-in