Cardano goals by 2026 include onboarding 50 banks, working with 10 Fortune 500 companies
Frederik Gregaard, CEO of the Cardano Foundation, shared some of the strategic goals the blockchain platform has set for the next five years. In particular, by 2026, Cardano will reach 50 banks, partner with 10 Fortune 500 companies, and have a billion users using blockchain.
Cardano Foundation’s CEO, Frederik Gregaard
Cardano shares strategic goals for the next 5 years
In a recent online presentation, Gregaard outlined the short- and long-term goals for the Foundation behind one of the most popular blockchain projects. He highlighted the significance of large organizations adopting the native token.
Therefore, according to the strategy of the Cardano Foundation, by 2024 there will be 3 Fortune 500 companies that will own and use ADA. Besides that, there are a number of other goals such as increasing the diversity of on-chain activities, releasing 3 more whitepapers, and promoting user growth.
Besides, they’re planning to increase the on-chain activity of users and the number of operating wallets to reduce the need for people to employ the services of third parties to interact with blockchain projects.
By 2026, this is when Cardano officially enters the Voltaire era. At this point, the network will transform into a self-operating system and fully managed by users. In addition, Frederik Gregaard also expects 10 Fortune 500 companies to own ADA by 2026.
Currently, the blockchain platform operating on the PoS consensus algorithm is planning to develop a service ecosystem for a country and can reach 1 billion users.
Despite being known for its ambitious goals, developers are frequently mocked by the project’s lack of accomplishment. Recently, many Twitter users mocked IOHK CEO Charles Hoskinson by referring to the CEO’s comment about Cardano’s explosive growth in July 2020.
Previously, Gregaard also stated that Cardano is the perfect match for Tesla because their Proof-of-Stake (PoS) consensus algorithm is environmentally friendly. However, Elon Musk never mentioned the PoS blockchain directly. The CEO of Tesla also stated that he is not interested in other crypto projects because they do not have memes.
Read more:
- Charles Hoskinson Claimed That There Would Be Hundreds Of Assets, Thousands Of DApps On Cardano
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