Cardano Foundation, the organization behind the blockchain Cardano, has selected city think-tank Z/Yen Group’s Distributed Futures practice as its partner for a research programme into blockchain applications to inform and accelerate the development of the Cardano Protocol and its new cryptocurrency, Ada.
The foundation – whose role as an objective standards body is to protect and promote the Cardano Protocol technology – will consult with its community of more than 15,000 users on an ongoing basis to inform research priorities. Distributed Futures is a new research practice of Z/Yen dedicated to blockchain, cryptocurrencies and artificial intelligence.
The Cardano – Z/Yen Distributed Futures partnership programme will launch between eight and twelve new projects a year, covering proof of concept and pilot testing, and has already published two joint research papers on the application of smart ledgers, one of which the Dutch government has asked to use in its blockchain work. The partnership will focus on a wide range of industries including banking, trade and insurance, and aims to foster engagement with regulators, investors and policymakers.
The Cardano Foundation’s investment in the Distributed Futures programme follows the recent launch of Ada, Cardano’s cryptocurrency on Bittrex. The technology underpinning Cardano’s Ada token was designed by leading experts, academics and cryptographers over the last two years and now ranks in the top 10 cryptocurrencies by market cap.
Distributed Futures is led by Professor Michael Mainelli, co-founder of Z/Yen, the London-based think tank. Prof. Mainelli also undertakes the role of Cardano Foundation director of research.
Upcoming research includes:
- “The Economic Impact Of Smart Ledgers On World Trade”,
- “Geostamping Approaches For Smart Ledgers”,
- “Cyber Catastrophe Insurance Linked Securities On Smart Ledgers”,
- “Simulating Cryptocurrencies, Coins, And Tokens For Regulatory Control”.
“We have partnered with one of the leading figures in blockchain research to support the ongoing development of the Cardano Protocol and our cryptocurrency Ada, but also to further industry understanding around governance and regulatory issues,” Cardano Foundation chairman and executive director Michael Parsons said. “Our work with Z/Yen will involve direct consultation with our extensive community of Cardano users to develop the potential use cases for the Cardano blockchain, as well as a robust cryptocurrency. We have already set out our roadmap for development and are actively working to integrate tools and functionality that increase use cases in the real economy, not least in emerging markets.”
“We are delighted to be working closely with the Cardano Foundation to conduct cutting-edge research in this rapidly evolving sector,” Prof. Mainelli said. “By developing a better understanding of where tools such as smart ledgers could be best applied, we can engage and educate key industry stakeholders such as policymakers, investors and regulators to ensure the industry is advancing in the right direction.”