Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, recently appeared on an episode of Cointelegraph’s Hashing It Out podcast. He talked about the current state of the crypto market and blockchain adoption in Africa. Hoskinson also highlighted the challenges faced by Cardano.
Cardano’s vision according to its founder
According to Hoskinson, the Cardano blockchain has a relevant vision, even if it involves rebuilding a network effect. Speaker in the podcast hashing it out, he reported that around 85% of Cardano’s initial roadmap is complete. For him, the development of Cardano took seven years to go from an idea to an ecosystem. Hoskinson pointed to notable successes, especially in the NFT sector.
In a market where everything is going multi-chain, Hoskinson believes blockchains need to adapt to market needs. He also insisted on the need to improve the user experience and promote a smooth onboarding process. For the founder of Cardano, these are the conditions for a project to stand out.
Cardano’s delays and successive updates have drawn criticism, which Hoskinson attributes to “betting on the wrong technology” and an overambitious roadmap. Nevertheless, he remains optimistic about the future of the sector, particularly on the African continent.
Hoskinson’s ambitions for Africa
Cardano’s commitment to Africa is remarkable. The project has asserted its presence on the continent via several blockchain projects. This is the case of Atala PRISMa decentralized identity platform or the initiative Cardano Africa in 2021. Furthermore, Cardano’s biggest initiative in Africa remains arguably its partnership with the Ethiopian government.
Charles Hoskinson addressed these different topics. In particular, he highlighted the lessons learned from the fight against corruption and geopolitical tensions. For him, collaborating with companies and individuals is more fruitful than dealing directly with governments. However, Cardano intends to expand its influence in Africa, mainly in Ghana.
He said the aim is to improve people’s quality of life by providing easy access to financial services. For him, blockchain can help solve some of the most pressing problems in Africa, such as corruption and poverty. For this, collaboration with local partners is necessary to implement appropriate solutions.
Several projects are underway to support these objectives. Some aim to improve educational infrastructure, while others focus on facilitating access to clean energy or developing sustainable solutions for agriculture. Although it is behind on its roadmap, Cardano has outstripped Ethereum in Africa.
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