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In this new episode of #FinancialFox, we catch up with Charles Hoskinson, founder of IOHK and Cardano. Talking about the dramatic economic impact of the pandemic, especially in small businesses and in developing countries where debt is increasing, Charles criticises the current system and measures like quantitative easing that he thinks are unsustainable and harming for global economy.
A stronger economy can be built leveraging the potential of blockchain and decentralisation, in what he calls monetary innovation as cryptocurrencies pose an alternative credit system. Charles believes that there will be a significant push for crypto technology in the developing world in the near future.
Charles comments on the news that IOHK has recently donated $500m, in ADA, for the University of Wyoming for blockchain research and development in academia, one of the core values of IOHK. The purpose of the research is to look at optimising supply chain systems with more transparency and efficiency.
Charles also talks about the recent updates on Cardano with the Shelley Friends and Family testnet and the strength of the Cardano community.
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