Cardano: 90 commercial deals in the pipeline, inquiries for CBDC in Africa

  • Cardano’s next era, Goguen, is still on schedule, although the publication of the roadmap with final dates is delayed.
  • IOHK has 90 potential commercial deals for Cardano in the pipeline.
  • Central banks in Central Africa approached IOHK and suggested “let’s do something” in relation to a CBDC.

Charles Hoskinson, the inventor of Cardano, has informed in a new AMA about various topics, progress and plans for the Cardano blockchain. As the CEO of IOHK revealed, there will be two or three new releases this month, “from node, to Daedalus, to other things”. One focus at the moment is still on making the Daedalus wallet “faster”, among other things by parallelizing the processes.

Within Daedalus, several projects are currently in progress, such as the “identity center”, a “voting center”, a “QR center” and a “paper wallet center”. IOHK pays external companies to create “packages” with the code for each new feature, which can then be easily integrated into Daedalus.

As Hoskinson explained, it would take too long if only the core team of Daedalus had to program all new features on their own. So the “voting center” should be available until find #3 of DC Fund. The “identity center”, on the other hand, should be ready for use as soon as possible, because it is “very powerful” and allows functions like multi-sig and “authenticated addresses”.

Regarding Goguen, Hoskinson announced that IOHK has decided not to make the dates public as originally planned with the last monthly update. This is because the management tool that forecasts the completion dates still needs to be tested “for a week or two” to validate its accuracy.

But in general, Hoskinson was very pleased with the progress for Goguen, and also made it clear that completion is the top priority. Contrary to some claims, Goguen will not be delayed, but instead will only need to work on the accuracy of the forecasts. Ultimately, Hoskinson, as CEO of IOHK, will take all necessary steps to ensure that Cardano is competitive in the DeFi and dApp market in 2021:

And again, with the Daedalus work stream where we paralyze things, we gonna do the exact same thing with the Plutus and Marlow. And we will start outsourcing components that don’t have to be done by the core team. And they can be done in parallel. […] So if it is simply an issue of more cost and there’s labour available, we will always accelerate that.

Because I want to get to the business building applications. I’m really excited about the DeFi space, really excited about dapps and tired of saying let’s wait a little longer.

Follow us for the latest crypto news!

The Cardano community was also pleased to hear that IOHK already has over 90 project partners in the pipeline. In this regard, Hoskinson made the following statement via Twitter:

Just a clarifying comment. I didn’t say 90 coins want to move over, I said that the commercial team has 90 potential deals in the pipeline. This said, erc20 converter should easily push things in this direction

The Hoskinson response to the relationship of Cardano to central bank digital currencies (CBDCs) may have been exciting for many. According to the CEO of IOHK, central banks in Central Africa have already approached him and suggested “doing something”:

I would like Cardano to be a replacement for the bank international settlement and all the non-BIS banks to come use us as the connecting tissue. We have some strategies on CBDCs, we are thinking about them for a while and we have a lot of banks in Central Africa that approached us, saying ‘hey, let’s do something’.

And actually I think it would be really cool to connect CBDC concepts, not just with, okay we can tokenize something, but with the UBI concept as well, so by using the currency, the transactions fees accumulate in the wealth fund and you distribute dividends to society because it’s the currency of the country, it should generate wealth for the country. So we actually pitched that.

About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

Comments are closed.