The UAE police will use the Cardano blockchain network to share criminal identities with international police.
Cardano is a popular Proof-of-Stake (PoS) crypto network which is mainly known for its development works. This blockchain project was founded by Charles Hoskinson. Hoskinson started working on the Cardano project in 2015, after leaving the Ethereum project following a conflict with another Ethereum co-founder Vitalik Buterin. The Cardano founder never used any kind of promotional stunt to create hype around Cardano, unlike other crypto projects.
On 10 March 2024, Chris O., popularly known as @TheOCcryptobro on X, informed his followers that the Cardano blockchain will be used by the UAE police to store & share criminal data.
Cardano blockchain network will ensure that no data will be tempore/alter by any person. In this way, the Cardano network will share the criminal’s identity & other related data across the world’s enforcement agencies via UAE police.
This is really very big news for Cardano adoption at the practical level and probably this news will help Cardano to attract more investors for its native token ADA.
In Sep 2021, Cardano devs successfully introduced smart contract features on the Cardano network. To date, 155 crypto projects launched & 1300+ projects are under development.
The Cardano project always faces a lack of media attention because the majority of the media platforms are backed by Venture Capital (VCs) funding and the Cardano founder never took investment from any VC for Cardano.
Hoskinson many times claimed that VCs spread negative news around Cardano because they didn’t get investment opportunities in the Cardano project.
ADA price
The current trade price of ADA coin is $0.74 & this trade price is 145% higher over the last 12 months.
The all-time high othe ADA coin price is $3.1 & crypto analysts believe that the trade price of this coin will surge to $10 in this bull run.
Read also: Coinbase fights back against the American securities regulatory body
UAE police partners Cardano (ADA) to fight against criminals
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