Charles Hoskinson, the inventor of the Cardano ($ADA) smart contract technology, believes governments will embrace cardano within the next decade if anti-crypto groups don’t interfere.
Hoskinson tells his 320,000 YouTube followers that ‘countries may one day depend on the Cardano’ in a March 30 video update called “The Five Pillars of the 21st Century.”
The infrastructure could support user-protected national identification systems, payment systems, and central bank digital currencies (CBDCs).
The co-founder and CEO of IOG stated, “I can envision a path within five to ten years in which a nation-state could be governed using Cardano technology. I could see that happening. I can envision a scenario in which Cardano could be used to administer a national identity system based on principles. Or a payment system governed by principles. Or a CBDC [central bank digital currency] with safeguarding principles. I can see the way ahead.”
Hoskinson predicts hundreds of thousands of rapidly growing communities and the resources accessible within its environment.
Hoskinson advises that established interests are working on cryptocurrency and decentralization to maintain the status quo of centralized authority. Decentralized models like Cardano are considered dangerous to established power structures by “Operation Choke Point 2.0” and the globalist movement.
Hoskinson argues that people should be able to control their own money, identification, data, economic power, and participation in the world while keeping the government out of their affairs as little as possible.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.