Cardano’s Elliot Hill outlined in an article their plans for fostering community participation in the Cardano (ADA) eco system.
Cardano sits twelfth on the log in the market cap table according to coinmarketcap.com and has a community of enthusiasts it wants to organize and bring together. In the article, Elliot emphasized the need for building more community participation.
Building a Cohesive community
The Cardano Foundation wants to bring together everyone in the community including; token owners, businesses, developers, public institutions and stake pool operators to create “a bustling ecosystem with multiple opportunities for innovation and incubation of ideas, where every ecosystem participant feels empowered to work together to achieve common goals”.
According to Hill, this move will create a “new paradigm to the highly siloed and compartmentalized communities elsewhere in Blockchain.” He and the rest of the top brass at the Cardano Foundation want to see a more integrated community that works together and grows together.
“Moving forward, the Cardano Foundation will become the catalyst for this collaborative spirit, leveraging its position as a guiding force for Cardano and enabling fast-track value creation for inclusive and equitable growth of the protocol. Above all, the Cardano Foundation will seek to connect innovators, developers, enterprises, and our dedicated existing community to facilitate this growth”.
To ensure more community participation, the foundation is going to be unveiling a developer portal. The portal will include content and opportunities for participation by developers and innovators. Token owners, who make up the majority of the community, will be encouraged to participate and come up with ideas. Token holders will make use of the Cardano Improvement Proposals Platform (CIPS) which was launched early this year.
Hill underlined that the foundation is always looking to “evangelize” Cardano’s technology in third party industry oriented publications, and through presentations at business-oriented events such as the World Economic Forum in Davos. He added that the foundation was also active in several regulatory initiatives such as the Proof of Stake Alliance (POSA), which advocates for fair taxation.
According to Hill, the foundation participates in regulation because it is well aware that public sectors such as banking, educational institutions, steering groups and regulators play a key role in blockchain technology adoption. Other than just getting the community organized, there want to help clear the path for the success of the underlying technology.
Image Courtesy of Cardano.org