Charles Hoskinson has defended blockchain technology before the US House Subcommittee on Commodity Exchanges, Energy, and Credit. Hoskinson is the CEO of Input-Output Global (IOK) and the co-founder of the Cardano network.
Cardano founder testifies before Congress
Hoskinson provided Congress with the necessary information on blockchain technology’s utility and the industry’s responsible regulations. In prepared testimony, Hoskinson said that distributed ledger technologies would offer transparency and audits to the existing sectors.
Hoskinson noted that one of the potential use cases of blockchain was in the agricultural sector. The sector could benefit from managing and overseeing economic events using blockchain.
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The Cardano founder mentioned one of the startups in the agricultural sector that have implemented blockchain technology. BeefChain is a startup that allows consumers to trace the...
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