Smart contract platform Cardano (ADA), while maintaining long-term growth in the global market, Charles Hoskinson announced that he is looking forward to a busy 2022.
In a new YouTube chat, Cardano founder and CEO of Input Output Hong Kong (IOHK) talked about 2021 milestones and future goals he’s working on.
One of the main goals on Hoskinson’s list was to finalize plans to use blockchain technology to facilitate affordable loans to the world’s poorest through decentralized finance.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to achieve an end-to-end microfinance transaction in Cardano. So a real person in Kenya or somewhere with a blockchain based identity and credit score, stablecoin on the other side, cardano settlement rail. Peer-to-peer, person-to-person, click a button, credit goes to them. They pay it back, it goes the other way.”
The CEO believes that empowering people on the African continent financially can have far-reaching effects that could revolutionize traditional finance.
“Without permission, and once it’s done, you can’t turn it off. Opens a thousand chats, [gibi] What is a good identity? What is a good credit score? What other products and services should be found in realfi (real finance) in Africa? And how are we going to spread it all over Africa? This is a dream.”
Hoskinson discusses a series of technological milestones outlined for the year ahead.
“Next year, an official open source project structure like Hyperledger to Linux will be created. We’re going to see a lot of wired institutions and all the people working on it right now, including me, will be revamped…
When you look at things like developing Cardano’s smart contract platform, Plutus, we’ve already had three CIPS as a result of our work with developers to come [Cardano iyileştirme teklifi] there is.
We have pipelines that need to arrive, input validators that need to arrive. Peer-to-peer is currently being tested on the testnet with share pool operators and there is a lot going on there.”
Hoskinson concluded by noting how pursuing the initial technical goals led to the achievement of future goals in a cascading manner.
“We started with accuracy as our top priority, and now that we’ve got it, we move on to performance tuning optimization, usability, and those factors.
This is a quick iteration game. You do a little. You get a big advantage…
We stage everything appropriately, and we begin to see a refinement in the science of things. The adaptation is there. The community is there. We reached nearly two million people.”
At the time of writing, Cardano’s native token ISLAND It is trading at $1.40.
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