Cardano Foundation partners with Brazilian Olympic Committee on tech

The Brazilian Olympic Committee (COB) has partnered with the Cardano Foundation, according to the International Olympic Committee (IOC). The two parties will explore introducing new technologies such as AI, blockchain, and the Internet of Things (IoT) into sports administration to enhance institutional transparency and create new opportunities for engagement with athletes, coaches, sponsors, and fans. Meanwhile, Cardano (ADA) has plummeted since founder Charles Hoskinson announced he was taking a break. The token is currently trading at $0.1592, down 26.82% over the past week.