Cardano founder plans to improve the work of governments

According to Charles Hoskinson, blockchain technology can radically change the future, create better government agencies around the world and make them interoperable with each other — which is exactly what he plans to achieve with the ADA.

«In a global world, you don’t want one person to have complete control over critical things and resources. The point of cryptocurrencies and blockchain technology is to take those resources that are supposed to be a public good, and if they are digitized, bring them to a situation where they are completely open, and then build a business based on that. But the underlying infrastructure will no longer be controlled by anyone,» Hoskinson said in an interview with Yahoo Finance.

According to the creator of Cardano, in the world of the future, all government tax revenues could be open databases, and everyone could look into them and see where the money comes from and where it goes. This could have many beneficial effects:

«Ultimately, there will be less conflict, less fraud, less waste, less abuse, more transparency, and ultimately less consolidation of power. The poorest person in the United States will have the same access as the president — this is also about democratizing power. And this will be the first such chance in human history.»