The Cardano Foundation is based in Zug, Switzerland, an independent body with important responsibilities such as to help, supervise, and oversee the development of Cardano, which was considered as the third-generation blockchain ecosystem. Further, the Cardano Foundation has dedicated itself to protect and to promote Cardano, which is the first blockchain platform created for the smart contract by using a scientific philosophy and to support users and the community of the protocol.
Cardano’s Ambitious Plans for 2020
Cardano has few ambitious plans for 2020, which are enumerated below.
- Recently, Cardano had associated itself with the Georgian government as its new partner, which made it the first country in Europe to use blockchain in the public service.
- The Cardano foundation will also associate with the most popular company ScanTrust. With ScanTrust, the aim of the association is to create a proof of concept for ScanTrust’s intelligent packaging solutions for the Cardano Connector, a blockchain product capable of provenance and authenticity tool.
- Furthermore, an association with the Berkman Klein Center of the most established Harvard University became officially known. The Cardano Foundation had approved an application for research, which was intended “to benefit Cardano as well as the entire crypto ecosystem.” It had also approved the grant from the Berkman Klein Center to “study blockchain governance.”
- Cardano foundation will be developing a decentralized software venture with the European Union with the collaboration with IBM Research. It was well noted that the project associates into a long term collaboration.
Recently, IOHK’s chief of employees, Tamara Haasen, was one of the latest members to join the Cardano foundation. She stated recently that the enterprise would rent more individuals to assist the Cardano foundation in achieving its mission. When enquired about her plans to increase the team, she remarked that employing additional advertising and communications individuals is necessary. She also added that with the Unique hiring strategy for Twitter, LinkedIn and other different social networks could be needed for employee hiring. The requirement can be for “Social Media Individual” who can converse in different channels.
Cardano Foundation’s partnership with GenTwo
- To further improve the developments in the Cardano ecosystem and to support the adoption of ADA, it had recently declared to work with Zurich-based GenTwo AG.
- Going along with new educational initiatives and partnerships, the Cardano Foundation is currently executing innovative ways for ADA integration. The developers of the Cardano are working on prioritizing network stability for the complete ecosystem.
- The main objective is to create a financial product in the security domain, which is completely developed on Cardano’s infrastructure. Moreover, this might lay the foundation stone for the testing, development, and market launch of more financial products in the future
Cardano associates with Finkda Advisors and Dust Identity
- Recently, the Cardano foundation had announced its collaboration with Dust Identity. Dust identity is an American-based organization that focuses on tracking the authenticity and traceability throughout their entire product lifecycle.
- Moreover, Dust identity uses Nanodiamonds to develop a wafer-thin identity layer on the products that contain information that is very difficult to manipulate or to destroy. Further, by using an optical scanner, the layer’s data could be stored in a cloud-based framework.
- The co-operation mainly consists of Cardano blockchain supporting to verify the originality of products. Besides, the product information can be stored on the blockchain in a transparent and unalterable manner.
As it marked its second anniversary, the year 2019 was significant for Cardano. Further, its team had also expanded along with its community by enhancing its linguistic and geographical reach. Moreover, Cardano has plans to bring blockchain banking to the unbanked around the globe; and trying to resolve scalability issues than can restrict its efficiency. Moreover, having Cardano disclosed its plans, it will continue its growth in sustainability and development, which we need to wait and see.