• 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.
• The two companies have been working together for the past three years to bridge the digital divide using the Cardano blockchain.
• As a result, the Cosmos and Cardano network will enjoy a scalable interoperability network to build Web3 protocols.
Today, World Mobile and Input Output Global (IOG) announced a partnership in a bid to bridge the digital divide using the Cardano blockchain. By fully integrating the purpose-built World Mobile Chain using Tendermint as a Cardano sidechain, this interoperability network will enable users to build Web3 protocols.
The two companies have been working together for the past three years on this project, and the recent announcement of their partnership has caused a surge in the price of ADA to $0.379528. This marks an increase of 45 percent in the past 30 days. Micky Watkins, CEO of World Mobile Group, explained the need for a permissioned sidechain to meet the requirements of the regulated telecommunications industry.
The sidechain project, which is designed to usher in a new era of scalability for blockchains, will be connected to Cardano’s public mainnet. With this, the two networks will be able to communicate and share data, enabling them to create a powerful and secure Web3 protocol.
Input Output Global recently released an update on the ongoing sidechain project, which has been met with enthusiasm from the Cardano community. With this new partnership, the two entities are able to further bridge the digital divide and provide more efficient and secure services to users.
The partnership between World Mobile and IOG is a testament to the power of the Cardano blockchain, and it is expected to be a major driving force for the digital economy of the future. With this new development, Cardano is well-positioned to continue its growth and cement its place as one of the leading blockchain networks.