Cardano’s Next 5 Year Goal : Fortune 500 Companies and 1 Billion Users

On Jul 6, 2021

The CEO of Cardano foundation shared the goals of the Cardano team for the next five year. They are aiming to achieve the target partnership with 500 companies and 1 billion users of ADA coin.

Last year, Charles Hoskinson, CEO of Cardano project, promised to bring thousands of assets on their network and many project development work.

The Cardano team achieved more than what they aimed for.

A random user criticized Charles Hoskinson for their aim and then Charles Hoskinson replied ” probably you didn’t pay attention”. See this full incident here.

Now, Frederik Gregaard, CEO of Cardano foundation presented a presentation recently. He shared the aims and goals that the Cardano team wants to achieve by the next 5 years.

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They said that three fortune & 500 companies will get involved in the Cardano project to use their native coin for real purpose. And also they will use Cardano Blockchain network in their own way to sustain their financial services by 2024.

And they aimed for the growth and development of Cardano network by increasing the diversity of on-chain activity and also they will promote wallet progress growth ( a type of marketing they will use).

And at the end they aimed at a very big thing about the Cardano project. They said that by 2026 they will make their Cardano project a totally self-sustaining system which will be totally dependent on users to manage.

Here they mean, they will make Cardano Blockchain a totally decentralised and autonomous body.

For this they will develop Proof-of-stake consensus to suit the services of National authorities infrastructure. And also they will have 1 billion users.

They also talked about the short term goals. According to them they will increase interoperability and will integrate their services with on board 50 banks by 2022.