blockster.com
According to the recent blog post published by the Cardano Foundation, the foundation recently entered a 3-year collaboration with the University of Zurich. The collaboration will increase the level of academic research on blockchain technology and DLT.
The Cardano Foundation has joined forces with the University of Zurich's Blockchain Center (UZH BCC). With the university being one of the leading and most respectable research universities in Europe, Cardano recognized this as an excellent opportunity to increase the research of blockchain technology.
Researchers have established two main objectives: contributing to the expertise of the Blockchain and Distributed Ledger Technologies (BDLT) Group, and furthering the development of Cardano’s technology and ecosystem.
The Cardano Foundation further noted that the BDLT Group has tools at its disposal that would be considered quite valuable for Cardano’s further development, as well as governance of the project. One area where the tools could be of great help is the incentives program that works in the background of its consensus protocol.
In addition, Cardano will also benefit from an extensive study in regard to the economic activities taking place on its platform.
The Cardano Foundation’s CEO, Frederik Gregaard, stated that blockchain is moving toward the mainstream, which means that considerably more academic research is required to properly understand its most compelling use cases. The foundation sees this as an opportunity to further the adoption of blockchain technology.
As a result, the foundation’s core goal for 2022 is education about the nature and possibilities of the blockchain.
The Cardano Foundation is an organization whose mission is to ensure the positive advancement of the Cardano protocol. At the same time, it aims to contribute to the positive advancement of blockchain technology in general. It views the blockchain as a world-changing technology that can find its way into nearly every aspect of society.
As part of its duties, the foundation actively engages with policymakers and law-making bodies, politicians, regulators, and the academic community, through partnerships such as the one with the University of Zurich.
It also focuses on Cardano’s community by growing it and ensuring the accountability of stakeholders. It even facilitates new partnerships, including those with leading blockchain and crypto entities and industry bodies to support the widespread adoption of Cardano.
Their efforts seem to be paying off: Institutions have started using the Cardano platform more than ever. This might be attributed to the project’s completion of the Shelley Era, the second of its 5 development stages, in late 2021.
As a result of this, the Cardano network finally received smart contracts. This is something its community has expected for years, and with their launch, the Cardano ecosystem blew up in terms of development.
Over the last two days, Cardano's price has seen quite a lot of activity. The coin initially surged from $1.16 early on April 4th to the high point of $1.24 on the same day. The price then dropped back to where it started and then recovered again to $1.22 before the day ended.
Following the announcement of the collaboration, the price barely showed any reaction. It did jump a bit, going from $1.19 to $1.22. But following this, it got rejected down to $1.14 for the first time since April 1st. This was late on April 5th, and as April 6th started, the ADA coin seems to be stuck between support at $1.14 and resistance at $1.16.
With more and more partnerships between entities like the Cardano Foundation and the University of Zurich emerging in the world of crypto, investors and hobbyists alike can look forward to an ever-increasing adoption of crypto worldwide. And along with that adoption, blockchain technology will continue to change people’s lives for the better.
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The Cardano Foundation is far from the only educational entity dedicated to keeping the public informed about crypto. Read up on how The Blockchain Education Network is working to improve crypto literacy worldwide.
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