Charles Hoskinson, founder of IOHK, the organization behind Project Karadno, has shared some of the goals of the project in 2022 via a YouTube Live.
Hoskinson spoke on the growth of Cardano and the entire crypto industry.
He noted the non-fungible token revolution (NFT), the decentralized finance (DeFi) boom, and how hackers and scammers target DeFi projects, resulting in more than $10.5 billion in losses in 2021 alone.
He also disclosed Cardano’s achievements this year, noting that more than two million assets have been issued on Cardano, most of them from NFT.
He added that more than 127 projects are currently writing code to build decentralized applications (dApps) on the network, with approximately 20 to 30 projects underway within the next three months.
Cardano’s goals for 2022:
According to Charles Hoskinson, some of Cardano’s main plans for the coming year include building the institutions that support the project and launching a formal open-source project structure.
Next year, what will happen is that an official open source project structure will be formed, somewhat similar to “Hyperledger” to “Linux”.
We will see a lot of institutions interconnected, and all the people who are currently working on them, including myself, will be renewed.
Empowering African countries with modern technologies:
Africa has always been part of Cardano’s strategy, and next year the project is looking to expand its footprint even further on the continent.
With many countries in Africa still lacking financial inclusion, Hoskinson revealed that the Cardano Foundation plans to build a financial operating system in the second quarter of 2022 that will give Africans access to DeFi services.
My goal for the second half of 2022 is to figure out how to put all the parts together for a comprehensive microfinance transaction in Cardano.
Being a real person in Kenya or somewhere with a blockchain-based identity and credit score, a stable currency on the other side, Cardano here is the peer-to-peer, person-to-person settlement rail.
The Cardano Foundation is taking steps to revolutionize and bring balance and equality to the world, with a focus on Africa.
Earlier this year, Cardano signed a partnership agreement with Tanzania to give residents access to social and digital identity and financial empowerment.
In August, IOHK partnered with the European Business University in Luxembourg to provide more educational options for students in African countries.
The founder of the project reiterated Cardano’s long-term goal, stating that all the necessary equipment and tools that he lacked at the time are now available to achieve those goals.
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