Charles Hoskinson’s “vision 2022” for Cardano: from improving Plutus to microfinance


The New Year is fast approaching and you know what it means. It’s time to close the book on another year gone by. Every year, business leaders set goals for the new year. These goals are typical, or some would say ambitious.

Charles Hoskinson, co-founder and CEO of IOHK, the company responsible for the construction of Cardano, exposed his vision and the IOHK’s goals for Cardano in 2022.

Here is his wishlist

In one YouTube video posted On Christmas Eve, Hoskinson spoke about doing end-to-end microfinance transactions on Cardano. Here’s what he wants, first.

“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano. For a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail. Peer to peer, person to person, click a button, the loan is theirs. They pay him back, [it] go to the other side.

One thing certainly emerges from his statements, that Africa plays a vital role in Hoskinson’s vision for the next year. It could revolutionize traditional finance.

“It’s without permission, and you can’t stop it once it’s happened. He opens a thousand conversations, [like] what is a good identity? What is a good credit score? What other products and services should exist in the realfi (real finance) space in Africa? And how can this be spread across Africa? It’s the dream, ”he said.

Continuing, he also highlighted the main technical milestones. He said: “A formal open source project structure is going to be formed, much like Hyperledger to Linux”. This would increase institutional traction. At least that’s the dream.

“When you look at things like improving [Cardano’s smart contract platform] Plutus, there are already three CIPS [Cardano improvement proposals] as a result of the work we have done with the developers who have to enter. We’ve got a pipeline that’s got to come in, endorsers that’s got to come in. the testnet, and there’s a lot going on there.

Overall, it’s fair to say that said executive is optimistic about Cardano’s future, as he added, “We’re organizing things in the right way and we’re starting to see a refinement in the science of things. The adoption is here. The community is there. We have grown to about two million people.

Now I take a step back. Cardano has shown decent progress this year. Most recently, Hoskinson tweeted an update for the stablecoin built by COTI Network on Cardano. They work on master contracts which will help provide Oracle exchange rates, allow users to submit multiple orders at the same time, cancel pending orders, etc. The developers are currently testing this implementation.

Zoom out, Hoskinson talked about the roadmap for 2022 just last month. Well now, his aforementioned claims should line up well with the established benchmarks.



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