May 5, 2022 — Stratis has entered a long-term partnership with the charitable foundation of King Oyo, the current monarch of the Tooro Kingdom located in southwestern Uganda, with a population of approximately one million. King Oyo — Rukirabasaija Oyo Nyimba Kabamba Iguru Rukidi IV — is the world’s youngest reigning monarch, crowned at three-and-a-half years old. He is known for his keen interest in technology. A recent partnership with the Uganda Industrial Research Institute saw the creation of the King Oyo Science, Technology, Innovation and Industrialization park.
Under the partnership, Stratis will fund a new blockchain innovation center in the kingdom designed to build knowledge and blockchain development skills in the kingdom. Knowledge will be shared by developing a syllabus designed to provide relevant use case examples to spark creativity and innovative thought process around blockchain applicability.
Stratis is a Microsoft-focused blockchain platform built by Microsoft programming languages, such as C Sharp. The syllabus will use renowned development tools, such as Microsoft’s Visual Studio. Participants can use a wealth of online knowledge, thanks to Stratis’ choice of utilizing one of the world’s most popular programming languages. As part of the partnership, Stratis plans to locate a senior team of business and technical roles at the new innovation center with a vision to further grow its ecosystem in Africa.
Chris Trew, founder and CEO of Stratis, said, “We’re looking forward to developing a syllabus that will be taught at the new innovation center, focused on the use of Stratis blockchain technologies. 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.”
The partners will also collaborate on new blockchain use cases for the efficient administration of the Tooro Kingdom to benefit its population. A particular area of interest is agriculture. The Tooro Kingdom is renowned for its rich soils, sunshine and abundant rainfall. Stratis’ management team envisions agricultural solutions and track-and-trace by introducing blockchain technologies to enable new intelligent resource management facilities. This will be achieved through Internet of Things devices interacting with Stratis blockchain technology to create an immutable data store regarding plot usage, weather conditions, product traceability and financial details.
King Oyo said, “Blockchain technology offers new approaches to organizing societies and increasing efficiency. In the Tooro Kingdom, we see that the immutability of blockchain has significant potential, for example, for use cases in agriculture, logistics, banking and [other fields]. I’m excited to be working with Stratis to further knowledge and understanding in the kingdom.”
Stratis has seen significant growth in new applications built using its foundational layer-1 blockchain technology during recent years, as developers embrace the simplicity of developing in the world’s most widely known programming language, C Sharp. Innovation with Stratis is flourishing in areas such as blockchain gaming, with 20 new games in development; decentralized finance (DeFi), with the Opdex decentralized exchange recently launched; and nonfungible tokens (NFTs), with the Stratispheere feeless NFT platform now live.
Stratis’ mission is to simplify the adoption of blockchain technology in existing computing environments.
To deliver on this mission, it has built a blockchain-as-a-service platform written entirely in C Sharp and based on the Microsoft .NET Framework. This means more than 10 million developers across the world with C Sharp skills can easily apply blockchain in their existing tech stack.
Decentralized and highly secure, the Stratis blockchain offers an ideal platform for deploying decentralized applications incorporating smart contracts. More than $2 billion in value has been successfully secured on the Stratis public blockchain.
Stratis is more than blockchain infrastructure. It works with developers to help them understand how tokenization and blockchain can drive value.
Its platform is used today by gaming companies to support new models, such as play-to-earn, and by enterprises for supply-chain optimization and DeFi and NFT use cases.
To find out more about Stratis, visit stratisplatform.com.