Trump's trade war proves the value of blockchain technology: according to the founder of Cardano
During his speech at Paris Blockchain Week, Charles Hoskinson, the founder of Cardano, emphasized that the escalating trade war led by President Trump highlights the importance of blockchain technology and decentralization more than ever.
He considered that the concentration of power in the hands of a few leads to the degradation of systems, and that ordinary citizens bear the brunt of this burden.
He stressed the need to protect the sector from attempts at monopolization by major tech companies, which may reshape the decentralized structure to fit their centralized models.
He pointed out that a new collaborative approach is needed to overcome these challenges.
Hoskinson predicted that the United States will soon witness supportive laws and regulations for stablecoins and digital assets, which could attract major players like Amazon, Apple, and Microsoft.
He concluded by mentioning work on a new project that will distribute 37 million coins to holders of major cryptocurrencies, with a promise to provide additional details in the coming weeks.
