• Input Output Global and World Mobile have announced the integration of a purpose-built World Mobile Chain using Tendermint as a Cardano sidechain.
• The two entities are bridging a permission solution built on Cosmos‘ SDK through Cardano’s public mainnet, creating a scalable interoperability network to build Web3 protocols.
• Cardano’s (ADA) price has gained approximately 45 percent in the past 30 days.
Input Output Global (IOG) and World Mobile have recently announced an exciting new partnership that will see them fully integrate a purpose-built World Mobile Chain using Tendermint as a Cardano sidechain. This move is seen as a major boost for the Cardano (ADA) network, with the price of the cryptocurrency gaining approximately 45 percent in the past 30 days.
The two entities are bridging a permission solution built on Cosmos‘ SDK through Cardano’s public mainnet. This will create a scalable interoperability network to build Web3 protocols, allowing users to conduct transactions on the Cardano blockchain quickly and securely. The companies have been working together for the past three years to bridge the digital divide using the Cardano blockchain, and this partnership is the next step in that journey.
Micky Watkins, CEO of World Mobile Group, commented on the partnership, saying: “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. ….” He went on to express his excitement for the new partnership and what it could mean for the Cardano network.
The sidechain project is seen as a major step forward for the Cardano network and for the blockchain industry as a whole. By bridging the Cosmos and Cardano networks, users will benefit from the scalability and interoperability offered by the new sidechain. This will open up new possibilities for the Cardano network and could potentially help to bridge the digital divide.
Input Output Global recently released an update on the ongoing sidechain project and the two companies have been working hard to bring this project to fruition. With the new partnership now in place, the Cardano network is poised to benefit from the increased scalability and interoperability offered by the World Mobile Chain.