Cardano ADA founder Charles Hoskinson has publicized the project’s roadmap for next year during an interview on Christmas eve.
“My goal for the second half of 2022 is to figure out all the pieces together to get an end-to-end microfinance transaction on Cardano. So that 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, loan goes to them. They pay it back, [it] goes to the other side.“
Cardano has dipped massively in recent weeks, with prices currently hovering between $1.40 and $1.45, but the latest developments suggest that Cardano could be set for a significant rebound. Between June 2021 and September 2021, more than 150 projects have been launched on Cardano’s ecosystem.
In continuation, Charles said:
“Next year, what’s going to happen is that a formal open-source project structure is going to be formed, kind of like Hyperledger to Linux. We’re going to see many institutions wired in, and all the people that are currently working on it will be novated over, including me…
“When you look at things like enhancing [Cardano’s smart contract platform] Plutus, there are already three CIPS [Cardano improvement proposals] as a result of the work we’ve done with developers that need to come in.”
Charles Hoskinson has been doing his bit to promote Cardano ADA. Last month, he referred to the project as a “living ecosystem” that will get stronger.