DSRV Integrates Blockchain Technology into Ethiopia's National Digital ID

Blockchain infrastructure company DSRV has signed a Memorandum of Understanding (MOU) with Ethiopia's state-owned enterprise FaydaVerse to establish a blockchain-based financial and public service ecosystem for the national digital ID. The two parties plan to form a joint working group to specify technical and business collaboration tasks. Areas of cooperation include the enhancement of FaydaVerse's digital wallet 'FaydaPass' and joint research on the blockchain infrastructure 'FaydaChain'. Additionally, they will explore digital ID-based public support models such as identity verification-based Web3 financial wallets and electronic vouchers. The integration of financial services will be gradually expanded in accordance with Ethiopia's systems and regulations. FaydaVerse is a state-owned enterprise specializing in digital public infrastructure, launched in 2026, promoting electronic customer verification, digital wallets, and e-government services under Ethiopian Investment Holdings. DSRV plans to leverage its experience from electronic voucher projects in Madagascar for collaboration in Ethiopia. COO Rahel Abraham emphasized the value of the national digital ID and stated that DSRV will develop various digital service models. Jeong Ho-seong, head of DSRV's Global Business Division, noted the increasing demand for linking national digital IDs with financial and public services in Africa.