World Mobile, Input Output Global Partner to Bridge Digital Divide with Cardano Sidechain
• World Mobile and Input Output Global have announced a partnership to fully integrate the purpose-built World Mobile Chain using Tendermint as a Cardano sidechain.
• This partnership will bridge a permission solution built on Cosmos‘ SDK through Cardano’s public mainnet.
• Input-Output Global recently released an update on the ongoing sidechain project, which is designed to usher in a new era of scalability for blockchains.
Cardano, the fifth-largest cryptocurrency by market capitalisation, recently received a huge boost when World Mobile and Input Output Global announced a partnership to fully integrate the purpose-built World Mobile Chain using Tendermint as a Cardano sidechain. This exciting news has pushed the ADA price up by about 45% in the last 30 days.
The two companies have been working together for the past three years to bridge the digital divide using the Cardano blockchain. This partnership will bridge a permission solution built on Cosmos‘ SDK through Cardano’s public mainnet, allowing the Cosmos and Cardano networks to enjoy a scalable interoperability network to build Web3 protocols.
Input-Output Global, the team behind the Cardano blockchain, recently released an update on the ongoing sidechain project. This project is designed to usher in a new era of scalability for blockchains. According to Micky Watkins, CEO of World Mobile Group, “World Mobile needed a permissioned sidechain to meet the requirements of a regulated telecommunications industry. Since such a solution doesn’t yet exist within the Cardano ecosystem, we decided we’d look at how we would be able to achieve this. ….”
The integration of the two blockchains is an important step forwards for both Cardano and Cosmos. It will allow for cross-chain interoperability, allowing users to move tokens between the two networks. This could open up a wide range of new applications and use cases for both blockchains.
The partnership between World Mobile and Input Output Global is a major step forward for the Cardano blockchain. By creating a sidechain that is specifically designed to meet the needs of the telecommunications industry, it could open up a whole new world of possibilities for both networks. With this integration, the Cardano blockchain could become even more powerful and useful.