Cardano Entry-Exit Joins American Chamber of Commerce’s Mongolia Entity
Cardano IOG was welcomed as a new 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 of the contract platform decentralized and intelligent, Cardano”.
Thank you for your hospitality. Looking forward! https://t.co/pfTRtgggpS
— Input Output (@InputOutputHK) July 19, 2022
Cardano has taken remarkable steps in recent months, fostering its relationships with large companies and organizations. In June, Cardano announced that it was now a member of the Linux Foundation. The Cardano Foundation has joined the Linux Foundation as a Gold member, becoming the only non-profit organization active at this level.
Cardano Founder Praises Blockchain’s Potential
In a recent interview, Charles Hoskinsonthe founder of Cardano, touts the benefits of blockchain technology and its ability to fundamentally transform government services around the world and even make them interoperable.
Imagine tax revenue being open source, everyone can see where the money is coming from, where it is going, and traditional institutions of governance are growing in efficiency + effectiveness at the same rate as the iPhone. Blockchain and Gov with Charles Hoskinson@IOHK_Charles https://t.co/PqVJsh9G2o
— Brian McGleenon (@BMcGleenon) July 15, 2022
Blockchain can support this interconnected global community as we transition to a truly global society by enabling the secure transmission of data in a fluid and democratic manner, in which, as the creator of Cardano puts it, “No single actor will have complete control on critical things and resources.”
The founder of Cardano claims that if the two political systems are implemented on the same underlying blockchain, they can be interoperable with equivalent systems in other countries.
Hoskinson also envisioned a day in the future when the governments of the world will collaborate and compete to be the most efficient and beneficial, much like how Apple’s iPhone and Samsung’s Galaxy quickly outperform each other.
Blockchain would power that 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 could keep pace with technological advancements.