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Cardano’s IOG has become the latest member of the Mongolian wing of the American Chamber of Commerce [AmCham]. According to the tweet, AmCham Mongolia stated,
We are very excited to announce our newest member a leading technology company committed to the highest principles of academic rigor and evidence-based software development.
Describing IOG as “one of the world’s pre-eminent blockchain infrastructure research and engineering companies”, the Mongolian entity also stated that the research wing build high-assurance blockchain infrastructure solutions for public, private sector and government clients.
Besides that, AmCham Mongolia is slated to host Cardano founder Charles Hoskinson and his team for a special ‘Meet & Greet’ event. It has laid out the details of the event here.
Just some days ago, Hoskinson, CEO of IOG, the software studio behind Cardano [ADA] blockchain solutions, spoke on the feasibility of blockchain-based instruments in governmental systems.
In the The Crypto Mile podcast, Mr. Hoskinson sat down to discuss the prospects of blockchain systems in governance solutions.
The chief exec says that as distributed, democratic and permissionless systems, blockchain systems will enable public services to become more accessible than ever before:
“It enables the poorest and most vulnerable person in society equal access as the president of the US, and there has never been a time in human history that that has been the case”, he said.
Apart from that, it has the ability to prevent one nation [USA, China] from gaining absolute control over global political affairs. Thus improving the quality of governance.
“It is a better way of doing things with less friction, less fraud, less waste and abuse and more transparency and ultimately less consolidation of power.”
To begin with, blockchain technology can help prove its worth in various sphere of public services such as land contracts, commercial and government voting, health information, educational credentials, tax and legal information, etc.
In order to study various aspects of decentralization and its use for governance, IOG is planning to build a new entity in collaboration with the University of Edinburgh.
Mr. Hoskinson revealed that his team will research all blockchains, including Bitcoin [BTC] and Ethereum [ETH], to find out the most suitable one.
Cardano’s IOG has become the latest member of the Mongolian wing of the American Chamber of Commerce [AmCham]. According to the tweet, AmCham Mongolia stated,
We are very excited to announce our newest member a leading technology company committed to the highest principles of academic rigor and evidence-based software development.
Describing IOG as “one of the world’s pre-eminent blockchain infrastructure research and engineering companies”, the Mongolian entity also stated that the research wing build high-assurance blockchain infrastructure solutions for public, private sector and government clients.
Besides that, AmCham Mongolia is slated to host Cardano founder Charles Hoskinson and his team for a special ‘Meet & Greet’ event. It has laid out the details of the event here.
Just some days ago, Hoskinson, CEO of IOG, the software studio behind Cardano [ADA] blockchain solutions, spoke on the feasibility of blockchain-based instruments in governmental systems.
In the The Crypto Mile podcast, Mr. Hoskinson sat down to discuss the prospects of blockchain systems in governance solutions.
The chief exec says that as distributed, democratic and permissionless systems, blockchain systems will enable public services to become more accessible than ever before:
“It enables the poorest and most vulnerable person in society equal access as the president of the US, and there has never been a time in human history that that has been the case”, he said.
Apart from that, it has the ability to prevent one nation [USA, China] from gaining absolute control over global political affairs. Thus improving the quality of governance.
“It is a better way of doing things with less friction, less fraud, less waste and abuse and more transparency and ultimately less consolidation of power.”
To begin with, blockchain technology can help prove its worth in various sphere of public services such as land contracts, commercial and government voting, health information, educational credentials, tax and legal information, etc.
In order to study various aspects of decentralization and its use for governance, IOG is planning to build a new entity in collaboration with the University of Edinburgh.
Mr. Hoskinson revealed that his team will research all blockchains, including Bitcoin [BTC] and Ethereum [ETH], to find out the most suitable one.
Cardano’s IOG has been welcomed as the newest member of the American Chamber of Commerce (AmCham), a Mongolian entity. In a thread of tweets, Amcham Mongolia describes Input Output as “a leading technology company committed to the highest principles of academic rigor and evidence-based software development” and the “driving force behind the decentralized and smart contract platform, Cardano.”
Thank you for welcoming us. Looking forward! https://t.co/pfTRtgggpS
— Input Output (@InputOutputHK) July 19, 2022
Cardano has made remarkable moves in recent months, fostering its relationship with major companies and organizations. In June, Cardano announced it was now a member of the Linux Foundation. The Cardano Foundation joined the Linux Foundation as a gold member, becoming the only nonprofit active at this level.
In a recent interview, Charles Hoskinson, the founder of Cardano, extols the positives of blockchain technology and its capacity to fundamentally transform government services all over the world and even make them interoperable.
Imagine tax revenue is open source, everybody can see where money is coming from, where it’s going and traditional institutions of governance develop in efficiency + efficacy at same rate as iPhone. Blockchain and Gov with Charles Hoskinson@IOHK_Charles https://t.co/PqVJsh9G2o
— Brian McGleenon (@BMcGleenon) July 15, 2022
The blockchain can support this interconnected global community as we transition to a genuinely global society by enabling the secure transmission of data in a smooth and democratic manner, in which, as the Cardano creator says, “No one actor will have complete control over critical things and resources.”
The founder of Cardano asserts that if both political systems are implemented on the same underlying blockchain, they may be interoperable with equivalent systems in other nations.
Hoskinson also envisioned a day in the future where world governments collaborate and compete to be the most effective and beneficial, much like how Apple’s iPhone and Samsung’s Galaxy quickly surpass one another.
The blockchain would power this future, and just as Moore’s law states that the number of transistors on a computer chip doubles every two years, blockchain-based government systems might advance at the same rate as technological advancement.