Why Cardano
Here some key points
Security: Cardano prioritizes a high level of security. It employs a formal verification approach, utilizing mathematical proofs to verify protocols and smart contracts. This significantly reduces the risk of errors and vulnerabilities within the network.
Scalability: Cardano is designed to be highly scalable. Its layered architecture separates core blockchain functionalities, granting greater flexibility in transaction management and adaptation to future needs.
Sustainability: Cardano is committed to environmental sustainability. By utilizing a consensus mechanism called Proof of Stake (PoS) instead of Proof of Work (PoW), it drastically reduces energy consumption required for mining and network operations.
Interoperability: Cardano aims to facilitate interoperability between different blockchains and networks. Its abstraction layer, known as the "Cardano Computation Layer," enables communication between various blockchains, paving the way for broader use cases and interconnection among different ecosystems.
Decentralized Governance: Cardano promotes a decentralized governance model, allowing network stakeholders to participate in decision-making processes regarding the protocol's evolution and improvement. This democratic approach aims to avoid centralized power structures and foster a fairer and more inclusive ecosystem.
Development and Adoption: Cardano is backed by the research and development company IOHK (Input Output Hong Kong) and boasts an active and dedicated developer community. The Cardano blockchain has already garnered attention from organizations and governments interested in utilizing it for various use cases such as:
Atala PRISM that guarantees academic certifications within an immutable and tamper-proof ecosystem. Atala PRISM also offers a digital identity service allowing users to have full control over their credentials, which they can instantly share and verify anytime, anywhere.
Atala SCAN that offers the solution to the counterfeiting phenomenon thanks to a tamper-proof system to establish the origin and verifiability of the product so that each product sold is certified and guaranteed.
This is also a viable method to support the supply chains: farmers, transporters and retailers can use such system for certification and traceability of products, from farm to table. it can also be used to authenticate and verify the origin and supply chain of pharmaceutical products, ensuring the safety and well-being of patients worldwide.
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