Cardano Founder Predicts US Will Lead Global Integrations of Crypto and Blockchain

After news that blockchain technology may be used to help manage governmental records and spending, the Cardano (ADA) founder, Charles Hoskinson has shared his thoughts. 

According to Hoskinson, blockchain technology may be used throughout the US within the next five years, for voting, payments, identification, and more.

Hoskinson shared his prediction in a recent livestream that he regularly hosts for the Cardano community and those interested in cryptocurrencies. 

Cardano founder shares thoughts on US crypto integrations

During a livestream, Charles Hoskinson made a prediction that the US government will integrate blockchain technology into their systems over the next few years.

The prediction comes as D.O.G.E (Department of Government Efficiency), led by Elon Musk, announced that they’re on the lookout to integrate public blockchains to help manage governmental records. 

From Charles Hoskinson:

The US government is going to be in the next five years one of the largest procurers of cryptocurrency and blockchain technology.

It’s entirely possible. Our voting systems, our government procurement systems, our payment systems, our identity systems, and our central bank function.

If the US begins to adopt blockchain technology into its systems, other nations may follow throughout the West and beyond making interoperability a common goal.

Crypto investors believe D.O.G.E may choose a blockchain network that is private for US records, but Musk has specifically stated that the team was in talks with multiple public networks.

There is no guess as to which blockchain networks may be used for governmental integrations, but US-based cryptos such as Ripple’s XRP, Hedera or even Algorand could be up to the task alongside Ethereum. 

Crypto adoption expands

Over the past few months, cryptocurrency adoption has expanded worldwide with multiple countries approving Bitcoin ETFs and expanding crypto laws.

After accepting an IMF investment, El Salvador’s president purchased more Bitcoin in January, going against the IMF’s wishes. 

Meanwhile, in Hong Kong, regulators have approved new cryptocurrency exchanges to operate in the region after previously restricting them. Bitcoin ETFs have also found new trading avenues in Thailand and Hong Kong.