Charles Hoskinson reveals 2022 predictions for Cardano and you can check them out below.
He is looking to a busy 2022 as smart contract platform Cardano (ADA) pursues long-term growth within the global market.
Hoskinson addresses 2022 goals
The Cardano founder addressed 2021 milestones and the future goals he’s working toward.
He wants to finalize plans of using blockchain technology to facilitate affordable loans to the world’s poorest via decentralized finance.
“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. 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.”
The CEO believes that financially empowering people across the continent of Africa could have far-reaching implications that might revolutionize traditional finance.
“It’s permissionless, and you can’t shut it off once that’s happened. It opens up a thousand conversations, [like] what’s a good identity? What’s a good credit score? What other products and services should exist in the realfi (real finance) space in Africa? And how do we spread this across all of Africa? That’s the dream.”
Hoskinson also addressed a number of outlined technological milestones for the coming year.
“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…”
Regarding the price of Cardano, at the moment of writing this article, ADA is trading in the green and the coin is priced at $1.43. Stay tuned for more news.
