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Charles Hoskinson On the Future of ADA and Blockchain usage in Government

Charles Hoskinson of Input Output Hong Kong (IOHK) has a talk with Crypto Jepp regarding the future of Cardano and blockchain in government. The conversation between the two covered a wide range of topics related to technology and its probable impact on daily living. The focus of the news we bring today is the discussion between Charles Hoskinson and Jebb on Cardano and the benefits that this blockchain can provide to government and other businesses.

During the course of his interview,

Charles Hoskinson talked about the current scale of Cardano ecosystem. Claiming that there are amazing people building a strong community in the ecosystem, and that the IOHK team, as well as Cardano developers, want to construct an environment that is all in its essence, decentralized, resilient, and has its roots in basic ideas for a long time. He also said that Cardano is in attempts to create a new financial system for the world, especially targeted for people who do not have one presently. While debating economic identity, Cardano’s teams travelled to Africa, Southeast Asia, South America, and other parts of the globe for research purposes. As Charles Hoskinson said, Cardano has created a product that is based on concepts which will stand the test of time. Such actions as he remarked, will need years of dedication and hard work.

He goes on to say,

“We keep publishing papers. We keep writing code, we keep pushing hard, and now we’ve gotten to a point where there are 230 different projects building on Cardano. There’s a very vibrant ecosystem of about 3 million installed wallets. People vote all the time with catalyst, and we keep seeing momentum progress.”

However, he said, Cardano Hoskinson

community’s efforts are still not up to the mark to provide a comprehensive blockchain solution. Though things have started to come together, according to Charles, it still early. There is still loads to work to be done for the vision to be achieved.

Further down the interview,

Jebb posed a question to Charles Hoskinson regarding how an inclusive accountability concept may enter our governments. Adding further to it, Jebb also enquired how we can get governments to adopt technology, to which Cardano can provide assistance with. To this Charles Hoskinson replies, “Maybe blockchains can convince the state government to start providing data or financial disclosures using a blockchain accounting system.” Elaborating on his statement, he says, “So you start in those sectors and establish infrastructure, and then slowly but steadily, more of that material finds its way into this ecosystem. Then you build an expectation in the community.” “As a result, people begin to wonder why they are unable to vote online. They begin to wonder why I can’t check and verify that what you are saying to me is correct. Why can’t those credentials be found on the internet? As a result, once they have that ability, they begin to expect it, and they begin voting in that manner. Then they start demanding in that manner, and it snowballs from there, and it happens very quickly.”

Also Read: JPMorgan comments on How Bitcoin’s fair value is 12% below Current Levels when compared to gold

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