Cardano's IOG Becomes The First Blockchain Company To Become A Member Of AmCham Mongolia

IOG becomes an AmCham Mongolia member.

In a tweet on Tuesday, the American Chamber of Commerce in Mongolia, AmCham Mongolia, revealed that Input-Output Global (IOG), formerly Input Output Hong Kong (IOHK), has become the newest member of the independent organization.

“[AmCham Members] We are very excited to announce our newest member @InputOutputHK, a leading technology company committed to the highest principles of academic rigor and evidence-based software development,” AmCham Mongolia tweeted via their official handles, disclosing that it would be meeting with Charles Hoskinson and his team.

IOHK also shared the achievement.

Thank you for welcoming us. Looking forward! https://t.co/pfTRtgggpS

— Input Output (@InputOutputHK) July 19, 2022

It is worth noting that a look at the members’ page reveals that IOG is the only blockchain company to be partnered with the organization. Following the latest announcement, it would not be surprising to see IOG launch several blockchain initiatives in the East Asian country as it is doing in Africa.

Notably, the Cardano developers have previously disclosed plans to launch various blockchain initiatives in regions like Africa. For example, Hoskinson revealed plans to launch a peer-to-peer (P2P) lending network in Africa in February. Additionally, in April, it partnered with iceaddis to launch a program to support African startups. Furthermore, in May, IOG revealed it was edging closer to the launch of a blockchain-based educational system in Ethiopia.

It is worth noting that crypto and blockchain adoption is growing significantly in developing countries with little trust in central systems. IOG recognizes this and looks set on doing its part to encourage blockchain adoption in these regions. 

Meanwhile, the Cardano network itself is on the cusp of a major milestone. Notably, the network is edging closer to the long-awaited Vasil hard fork. The upgrade is slated to launch on the mainnet at the end of this month, ushering in a wave of DApps, with better scalability and throughput.