Blockchain firm Stratis has started a new partnership with King Oyo, the ruling monarch in the Tooro Kingdom of Uganda, aimed at providing beneficial features on the Stratis blockchain to the people in Uganda.
Stratis is a company focusing on how blockchain can streamline business processes while reducing the complexities affecting blockchain adoption and implementation. On this crusade, the UK-based company was initially targeting financial institutions but expanded to allow any business interested in adopting Blockchain to benefit.
The Stratis team builds a platform and offers consulting services to businesses that may need guidance in working with Blockchain technology. They also work with clients in developing decentralized applications to help meet their smart contract needs.
The company has put significant effort into ensuring that even developers without previous blockchain experience can pick up and become proficient with blockchain technology as quickly as possible.
In line with this effort, Stratis is collaborating with King Oyo’s charitable foundation on new blockchain use cases that can better the administration of the Tooro Kingdom. A particular interest is being put in the agricultural sector as the main economic activity within the Kingdom and Uganda as a whole country.
Stratis will set up an innovation centre within the kingdom as part of an agreement to build blockchain development skills and NFT knowledge. This is all part of a bigger plan by the company to deploy lead teams with technical skills to elevate blockchain development across the continent.
King Oyo spoke enthusiastically about the partnership saying, “Blockchain technologies offer new approaches to organizing societies and increasing efficiencies. In the Tooro Kingdom, we see that the immutability of blockchain has significant potential, for example, for use cases within agriculture, logistics, banking and many more. I’m excited to be working with Stratis to further knowledge and understanding across the kingdom.”
The knowledge developed at this innovation centre will form the specifically designed syllabus that will be transmitted to the masses. The syllabus will focus on the use of Stratis Blockchain technologies while working on existing development tools, such as Microsoft’s Visual Studio.
The founder and CEO of Stratis, Chris Trew is quoted speaking on the partnership saying, “We view this investment as the beginning of Stratis Africa and plan to deploy a senior team to Uganda. King Oyo is taking a forward-thinking stance on innovation that will bring new economic opportunities to the Tooro Kingdom.”
Having such an innovation centre helps to close the knowledge gap that remains a significant barrier to the growing popularity of decentralized finance and Web3 projects in Uganda. Misconceptions that leave many as easy targets for scammers can also be addressed here to maintain security as a digital priority.