In a recent video update, the CEO of Input Out HK Charles Hoskinson talked about the adoption of Cardano and how the blockchain can ramp up its usage across the globe. He explained that it won’t be a rapid process but through constant and great development as well as innovations.
He said the level of globalization and education among core Africans like farmers is a major problem affecting Cardano’s adoption.
While explaining what Cardano stands for, the CEO said Cardano is focused on building a new financial system within the world of the have-nots, a system that would lift people in the developing world out of poverty.
Hoskinson in his statement described that Cardano is focused on developing Africa and targets the 3 billion unbanked population who are suffering from the consequences of globalization in the enclave.
While explaining the way the world changes over time, Hoskinson said “there will be a Pan-African currency within the next 30 years just like the Euro in the European Union,” and they are really planning for the future.
He furthered that there is a high chance that this would be the first pan currency of numerous nations, adding that it would be a cryptocurrency.
The CEO of IOHK further stated that if the Cardano team can get in early enough, the Pan-African currency could be built on the Cardano ecosystem. He elaborated it depends on the way the team lays its roots and the projects it builds among other factors.
Making a choice, Hoskinson said a tcp/ip protocol would obviously be considered as a better internet to connect to since it is the standard and that is where the world is heading to.
Hoskinson explained that the Cardano team is focused on developing its network to be able to reach a high level where millions of people execute transactions.
Charles Hoskinson maintained that Cardano’s path to adoption would not be achieved by hiring a marketing firm, a video or press release, or via a popular podcast.
Hoskinson said the blockchain network would get its needed adoption “like all great things on the backs of millions of people waking up every day working hard towards a principled better future.”
He said that as long as Cardano maintains its integrity, principle, and a sustainable growth model as well as being able to solve the problems it claims to solve, adoption is inevitable for Cardano.
Charles Hoskinson said for Cardano to achieve a broad scale adoption, the team must be committed to its principles, way of writing codes, preview processes, the treasury system and focus on real world use cases among others.
Hoskinson said he less concerned about how Cardano will outperform Ethereum, Tezos, and some other competitors. He averred that their success and stability in the crypto market does not freak him.
He concluded that their huge market cap does not convince him because they’ve convinced the rich in California to by their tokens.