Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
Hoskinson stated that part of the Cardano project’s goals for 2022 includes a “formal open-source project structure.”
Like a lot of business owners, Charles Hoskinson, CEO, and founder of IOHK has stated the roadmap for Cardano in 2022, as 2021 is gradually folding up. Hoskinson spoke about the goal Cardano intends to achieve in 2022 in a YouTube video uploaded on the 24h of December, which he titled “Happy Christmas Eve.” Also, the CEO talked about the significant growth that happened in the current year across the crypto industry. This year saw a huge spike in the global recognition and adoption of cryptocurrencies. As more projects launched, several crypto assets gained popularity which caused a rise in their prices. The CEO also referred to the revolution that happened to non-fungible tokens (NFTs) and the Decentralized Finance (DeFi) boom. Furthermore, Hoskinson mentioned an increase in theft as several hack stories in 2021 target DeFi projects. This year alone, DeFi projects lost more than $10.5 billion to hackers.
Back in April, Cardano announced a partnership with Tanzania to provide social, digital identity, and financial empowerment access to residents. In addition, the project partnered with the European Business University of Luxemburg. The deal is to give African students access to more educational options.
Cardano in 2022
According to the Cardano founder, the project released over 2 million assets in 2021. Out of the numerous assets, a large percentage of it is NFTs. The CEO revealed that up to 127 projects are currently writing code to build decentralized applications (dApps) on Cardano. He added that some of the projects are close to launching. Specifically, about 20 to 30 of them are in the pipeline and may roll out in the next three months.
In addition, Hoskinson stated that part of the Cardano project’s goals for 2022 includes a “formal open-source project structure.” He said a lot of institutions would be involved. In the YouTube video, Hoskinson discussed the means to achieve end-to-end microfinance transactions on Cardano in the second half of 2022. He said:
“My goal for the second half of 2022 is to figure out how to pull 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. Then pay it back, it goes to the other side.”
On expansion, Cardano is looking at expanding its footprints in Africa. According to Hoskinson, the Cardano Foundation is considering building a “financial operating system” in the second quarter of 2022. This will allow Africans to have easy access to DeFi services. In Hoskinson’s words, all the tools and equipment Cardano requires for the 2022 goals are now available.