Cardano co-founder Charles Hoskinson in 2024 Cardano and stated that the biggest challenge the blockchain industry will face in general is not technical, but human-oriented. This is the complex nature of on-chain governance.
Charles HoskinsonHe emphasized that Satoshi Nakamoto took an important step in the field of digital currency with the proof-of-work concept, but this success pales in comparison to decentralized governance problems. He claimed that establishing an effective on-chain governance system in Cardano could be one of the greatest innovations in governance in human history and could even be worthy of a Nobel Prize.
Cardano and Decentralized Governance
Hoskinson suggested that Cardano’s success in this field will bring a new breath to the understanding of collective governance not only for the crypto industry, but also at the global level. He explained the unique and challenging nature of this task by saying, “It’s a super difficult issue of AI alignment, which is much more complex than the problem Satoshi solved.”
The aim is to develop a governance model beyond Cardano that can be adopted by companies, clubs and even governments, creating a fundamental change in how societies address the common problems they face.
Revolution in Global Governance
Hoskinson argues that solving the puzzle of Cardano’s decentralized governance could lead to one of the biggest transformations in our understanding of governance. Reflecting on historical changes, he notes that Cardano has the potential to redefine the understanding of human collaboration and governance.
This grand vision encourages the Cardano community and the wider environment to support this transformative innovation and take an active role in this process. “Every 50 to 100 years, humanity fundamentally changes how things are done, and we are in this process of rebooting right now,” he says, noting the importance of the current period.
