Charles Hoskinson, the developer of Cardano (ADA), has revealed a forthcoming project that has the potential to bridge the gap between the developed and developing worlds.
According to Hoskinson, a peer-to-peer financing project centred on Africa will be launched on the Cardano blockchain this year.
According to Cardano’s creator, the peer-to-peer lending project on the world’s seventh-largest blockchain by market capitalization would help to reduce global income and wealth disparities. According to Hoskinson, one of blockchains’ most significant contributions to the world is its trustless character. The use cases of blockchain technology are now being pushed beyond payments, according to Cardano’s founder.
At the end, Hoskinson stated the following to sum up the importance of this development:
“As a culture, we are beginning to take a step back and ask ourselves what else can preserve inclusive accountability? Whether it’s supply chain – such as whether the goods are organic or not, – Is it safe to do so or not? Is the water I’m drinking safe to drink, or should I avoid it? This sort of thing. How can I know if you are the rightful owner of the land or not? Etc”
That’s all new from Cardano.