Here’s What’s Coming to Cardano in 2022, According to the Crypto Asset’s Creator Charles Hoskinson

Charles Hoskinson is looking forward to a busy 2022 as smart contract platform Cardano (ADA) pursues long-term growth within the global market.

In a new solo YouTube chat, the Cardano founder and CEO of Input Output Hong Kong (IOHK) tells his 300,000 subscribers about 2021 milestones and the future goals he’s working toward.

A major goal on Hoskinson’s list is 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 next discusses 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…

When you look at things like enhancing [Cardano’s smart contract platform] Plutus, there’s already three CIPS [Cardano improvement proposals] as a result of the work we’ve done with developers that need to come in.

We have pipelining that needs to come in, input endorsers that need to come in. Peer-to-peer is currently being tested with the stake pool operators on the testnet, and there’s lots of stuff happening there.”

Hoskinson concludes by noting how following through on the initial technical goals leads to achieving future goals in cascading fashion.

“We started with correctness as our highest priority and now that [it] has been achieved we’re moving over to performance-tuning optimization, usability and these factors.

That is a game of rapid iteration. You do a little bit. You get a huge advantage…

We’re staging things appropriately, and we’re starting to see a refinement of the science of things. The adoption’s there. The community’s there. We’ve grown to about two million people.”

At time of writing, Cardano’s native token ADA is trading for $1.40.