Cardano remains in the spotlight these days and makes headlines in the media after making various plans for the future of the project and achieving all kinds of successes.
Restoring trust in the financial markets
Now, the team behind the project addresses whether it’s possible to restore the faith in financial markets.
Check out the post that they shared on social media.
Can #blockhain help restore trust back into financial markets?
This week’s blog explores what trust may look like on #Cardano, and how we could deploy our existing & upcoming features to maximize trust & transparency for all kinds of users.https://t.co/jH0RD67emo pic.twitter.com/zBorEYbimT
— Cardano Foundation (@CardanoStiftung) February 10, 2021
The official blog post notes: “Capital markets, those where debt and equity instruments are bought and sold, underpin our global financial ecosystem. But the technology underpinning the markets themselves is fraught with inefficiencies, eroding trust. Frederik discussed some important current themes around our capital market infrastructure, focusing on how central systems of record have typically led to trust issues for all market participants.”
The Cardano Foundation continues and says: “Here, we are going to explore what trust may look like on Cardano. We will also discover how we could deploy our existing and upcoming features to maximize trust and transparency in financial markets for all kinds of users.”
And the blog post goes on and explains the importance of trust in this scenery.
We suggest that you check out the complete original post.
ADA in the crypto market
Regarding the price of ADA these days, at the moment of writing this article, ADA is trading in the green, and the coin is priced at $0.9089.
ADA is up by more than 14% in the past 24 hours, and the community is extremely bullish about the price of the coin these days.
Stay tuned for more news about the digital asset.