Cardano News Today – Cardano isn’t Going Anywhere Anytime Soon According to Executive, Frederik Gregaard – October 19th, 2020

  • Frederik Gregaard Cardano Executive Says They Have a Strategy Put in Place for the Blockchain to Last for 50 to 100 Years
  • Cardano is Better Than Other Blockchains 

Cardano News Today – Cardano is one of the most promising blockchains in the industry and it has amazing real-world applications that can change the world as we know it. According to one of Cardano’s executives Frederik Gregaard, the Cardano development team is building an infrastructure that will last for 50 to 100 years. So, the blockchain isn’t going anywhere anytime soon. He said that the governance system of the Cardano blockchain is advanced and it will be key in the widespread adoption of the token.

Cardano News Today – Cardano Will Last for a 100 Years

During his recent interview with Crypto Valley, the new CEO of the Cardano Foundation said that Cardano has a Bright future and it will influence the entire cryptocurrency market. He said that their goal isn’t to focus on just the short-term progress of the Cardano blockchain but the long-term progress as well. He said that Cardano and at least nine other blockchains have already cut out a piece of the DLT system. Cardano will be as important to companies as Ethereum if not more important to companies with an interest in decentralized technology. In his words;

“The issue with research and foundational research is obviously to bring it out into the masses and public. That normally takes you 20 years. And Cardano is trying to do this in 5 to 6 years. That’s alone is quite groundbreaking. But I like the architecture behind Cardano. I think there is something around the vision combined with the architecture towards the use cases and where they have not cut corners, this is truly unique for Cardano. And I am very much looking forward to Cardano launching its full potential and its full product so that we can start testing that in the enterprise environment.”

Regarding enterprise adoption, Frederik Gregaard said that Cardano is still lagging because companies are still more interested in permissioned blockchains than public blockchains. This is why the governance system on the Cardano blockchain will play a key role in terms of enterprise adoption. He continued;

“The enterprise community, I think what they are looking for is assurance. Whatever technology stack they will be choosing, this will be around for more than 10 years in the same format and 20 years. […] Cause let’s face it, most of the large institutions, when they choose a technology stack, they will stay with it for decades. You are responsible for whole countries monetary systems, its monetary supply, and stability, so you don’t just change a system because you want to try something new. Therefore, where we have to do a lot of work is around the governance system of Cardano which is being developed right now.”

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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