The Cardano Foundation, a Swiss non-profit organization, released its first annual report, which revealed its many achievements in 2022. The report highlights the work of the Foundation to support the development and adoption of Cardano, a blockchain platform that rivals Ethereum. The Foundation also managed to propel ADA onto a dozen new exchanges. Let’s discover together the highlights of this report.
Cardano, more dedicated than ever to the development of the Blockchain
Since its inception, the Cardano Foundation has made it its mission to promote the evolution of the Cardano infrastructure around the world by bringing together players from various backgrounds. Last year, she even found an ally for her cause: the National Wine Agency of Georgia.
This April 18, the Cardano Foundation published its Annual Report for the year 2022, proudly unveiling its achievements. The report highlights the foundation’s technical support to Cardano’s infrastructure as well as the dissemination of knowledge through its educational program.
Indeed, the report reveals that the Foundation provided technical support for ADA integration on more than a dozen exchanges, including Coinberry, WealthSimple, Bitget, and Bitrue.
Commenting on the release of the report, Cardano Foundation CEO Frederik Gregaard highlighted creating a responsible and welcoming environment for people and organizations who are passionate about trusting relationships. He also unveiled the Foundation’s long-term strategy, which aims to encourage the growth of the ecosystem.
“ We envision a world where technology infrastructures are designed for transparency and accountability, so that all stakeholders can easily verify their interactions within any system. Only in this way can we contribute to improving the lives of all “.
Key areas of intervention
The Cardano Foundation has worked tirelessly throughout 2022 to achieve its ultimate goal: to contribute to the development of the Blockchain. According to the annual report, the Foundation focused its efforts on three key areas.
The first Cardano summit, held in 2022, was one of the highlights of the year. This major event was intended to strengthen the community and attract global attention in order to bring the ecosystem together and invite new members. The summit took place in more than 50 different locations around the world and brought together more than 30,000 passionate participants.
The annual report highlights the organization’s three main focus areas: operational resilience, education and adoption. These three fields of action were at the heart of all the events organized by the foundation, and we will detail them in the following points.
Operational resilience
In addition to supporting the integration of ADA on the exchanges, the Cardano Foundation has also worked to improve the operational resilience of the network. This included support for the Vasil hard fork, which introduced a number of improvements to the Cardano protocol.
Additionally, the Foundation has also worked to improve the Cardano Improvement Proposal (CIP) process, which is used to propose and implement protocol changes.
Additionally, the Foundation released the Decentralized Application Backend (DAB) solution, which facilitates the deployment of decentralized applications to interact with smart contracts on Cardano.
The education program
The Cardano Foundation is committed to educating the public about blockchain technology through several initiatives. In addition to launching a new online training course, she has participated in events and conferences to promote Cardano and blockchain technology.
In 2022, the Foundation collaborated with universities and policy makers to facilitate a deeper understanding of blockchain. According to the report, the Alpha curriculum for blockchain courses has gone live, and the Foundation continues to work to improve the learning experience.
In addition, the Foundation is preparing a series of technical enablers to build bridges between blockchain and current financial and social systems. The Cardano Foundation hopes that more people, institutions, and organizations can realize the potential of blockchain by joining their journey as blockchain citizens.
“In 2022, our team engaged with policy makers, businesses, students and the general public. The Foundation not only collaborated with universities, but also participated in high-level policy discussions with representatives from Brussels, Singapore, Switzerland, the United Kingdom and the United States of America, as well as members the Bank for International Settlements (BIS) and the World Bank.”
Adoption of Blockchain
The Foundation pursues its goal of promoting blockchain adoption. This requires partnerships with leading organizations. These include:
- UNHCR in Switzerland
- The National Wine Agency of Georgia
- Veritree
- The University of Zurich
These partnerships encompass a variety of organizations including corporations, international institutions, government agencies, environmental NGOs and prestigious universities.
Through these collaborations, the Foundation hopes to advance blockchain adoption and help develop sustainable solutions for the future. In addition, the Foundation has developed tools such as Kupo v2 and Ogmios to facilitate this adoption.
A bright future is emerging
The Cardano Foundation has much to look forward to in its successful year 2022. The significant progress it has made in supporting the development and adoption of Cardano portends a bright future for this blockchain. With such momentum, the Foundation is well positioned to continue its work in 2023 and beyond, ushering in a new era of blockchain innovation.
Moreover, the results of the “State of Cardano Q1 2023” report for the first quarter are impressive, suggesting good prospects for ADA. But be careful, don’t get carried away too quickly, the future is always uncertain and has many surprises in store!
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