Cardano Foundation reveals strategy for a self-sustaining community

  • The Cardano Foundation has outlined its strategy for creating a decentralized, self-sustaining community.
  • The Developers Portal, Cardano Improvement Proposals, Requests for Proposals and the initiatives of IOHK, Emurgo and the Cardano Foundation Council in the commercial sector are just some cornerstones.

Elliot Hill of the Cardano Foundation yesterday outlined in an article the direction in which community participation in the Cardano (ADA) ecosystem should develop. As the focus shifts towards smart contracts and decentralized applications (dapps) with the approaching launch of Goguen, this aspect is becoming increasingly important, Hill discussed.

The Cardano Foundation’s mission is to bring together all parts of the community: ADA owners, developers, businesses, public institutions and stake pool operators to create “a bustling ecosystem with multiple opportunities for innovation and incubation of ideas, […] where every ecosystem participant feels empowered to work together to achieve common goals”.

This, according to Hill, creates “new paradigm to the highly siloed and compartmentalized communities elsewhere in blockchain”:

Moving forward, the Cardano Foundation will become the catalyst for this collaborative spirit, leveraging its position as a guiding force for Cardano and enabling fast-track value creation for inclusive and equitable growth of the protocol. Above all, the Cardano Foundation will seek to connect innovators, developers, enterprises, and our dedicated existing community to facilitate this growth.

A central role in this regard is going to be the “upcoming developer portal”, which will include content and opportunities for participation by developers and innovators. It will also provide companies with the tools to start implementing solutions on Cardano.

ADA owners, who currently make up the majority of the community, will be encouraged to participate and come up with ideas. For this purpose, the Cardano Improvement Proposals (CIPs), which were launched at the beginning of this year, already enable the community to participate at a certain extent.

Developers are to be integrated “through the launch of the Developer Portal, which will be a single unified interface for exploring all that Cardano has to offer”. This will be launched soon, with pre-registration already possible. In addition, the focus for this community group is on “Requests for Proposals” (RFPs), “which award development funds to technical users who can solve complex problems and provide practical solutions to technical challenges on Cardano”.

Regarding the enterprise segment, Hill noted that “outreach is carried out between our senior leadership, such as the Cardano Foundation Council, and members of the business and enterprise community”, which are IOHK and Emurgo. In addition, Hill explained that the Foundation is constantly looking for opportunities to “evangelize” Cardano’s technology in third-party industry-oriented publications and through presentations at business-oriented events, such as the World Economic Forum in Davos.

A great example of a unique blockchain use case is Cardano’s implementation in the tracing of beef through agricultural technology startup BeefChain, who are working with IOHK to trace beef from field to fork. There are a number of other similar initiatives and partnerships coming soon, so watch this space.

The public sector, such as banking and financial institutions, regulators, educational institutions and steering groups, is critical to the adoption of blockchain technology, according to Hill. This is why the Cardano Foundation “already actively participates in several regulatory initiatives”, such as the Proof of Stake Alliance (POSA), which advocates fair taxation, and the pan-European regulatory steering group.

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