Cardano (ADA) blows out its 3 candles. He made his way with his failures but also his successes: Charles Hoskinson recently announced the future birth of the DAI Killer. Criticism of the past, the future of the company, current state of play: we look back on Cardano’s 3 years and open the doors to its future to take a look.
At 3, a child is optimistic and playful
Cardano recently celebrated the 3rd anniversary of the launch of its mainnet. On this occasion, the future CEO of the Cardano Foundation, Frederik gregaard, shared his vision for the future of the company.
Greegard, who will take office sometime in November 2020, believes that there is currently some form of harm to open-source blockchain projects.
Thecrypto space has been around for about 10 years, while the major players in the financial industry have been there for decades: most crypto projects have a very short lifespan.
The growing number of scams contributes to this bad reputation among professionals in other sectors.
Greegard explains that convincing them to use blockchain technology will require guarantees that the chosen protocol will be viable in the long term.
Cardano for better financial health
Cardano has often been criticized in the past for the slowness of its update processes. However, the platform has successfully upgraded its mainnet called Shelley, this year 2020.
Greegard believes that the medical and financial industries are the sectors most likely to benefit from Cardano in the current state.
For the medical industry, the spread of COVID-19 has accelerated the adoption of digital payment methods and exposed the deficiencies that exist in the healthcare system.
Although healthcare industry regulations are stringent, blockchain can prove useful for managing patient data.
In the financial field, Cardano presents many use cases, particularly in the context of services that Greegard calls for financial services plus, services that deal with treasury and insurance.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Will Cardano benefit from the DeFi explosion? Will it be able to compete with Ethereum (ETH), or even do better? Young and ambitious: ADA has the energy and the drive to change the practices of traditional finance and the healthcare industry. The project will certainly gain wisdom with age, although to well-born souls the value does not lie with the number of years.
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