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Christmas Collaboration Between Cardano And Petrobas, A Leading Oil Company In Brazil

The Cardano Foundation recently finalized a partnership with Petrobras, a major oil company in Brazil. This collaboration, although intriguing to many, prompts questions about the rationale behind Cardano's decision to partner with an oil company.

Cardano

According to a press release issued on December 20, the Cardano Foundation highlighted that the collaboration will center around its blockchain education program, extending access to Petrobras. Through this initiative, the non-profit organization aims to advance its objectives “expand understanding and adoption of blockchain technologies.”


As per the terms outlined in the partnership, the Foundation will conduct hands-on blockchain education workshops for Petrobas employees. Participants will engage in interactive training sessions, delving into discussions on the potential of blockchain and exploring various use cases and applications for the technology.


Additionally, this collaboration may signify the initial stages of Petrobas' exploration into blockchain technology. The oil company expressed that the partnership "represents an important step forward in our mission to leverage the power of blockchain for new applications within the energy sector."


Cardano's ADA has displayed a positive response to these advancements, particularly with the ongoing rise in DeFi activity on the network.



Photo by Traxer on Unsplash

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