• There are rumours about Elon Musk and Charles Hoskinson’s assembly
• The principle matter revolves across the US Treasury Division, which might doubtlessly undertake the Cardano Blockchain
• Not too long ago, Musk has publicly acknowledged his help for the overall use of blockchain expertise to advertise US Treasury transactions.

Based on Lark Davis, there are upcoming conversations between Elon Musk and Charles Hoskinson (the founding father of Cardano) and distribution rumours suggesting the US Treasury might undertake the Cardano blockchain.

If this proves true, it might be nice information for Cardano and all the crypto world.

Neither Musk nor Hoskinson confirmed the assembly or plans to hyperlink the US Treasury Division with Cardano, however rumors didn’t seem out of nowhere.

Earlier this month, Hoskinson talked about an upcoming assembly with “a really particular individual” within the second half of February.

This led to widespread hypothesis about potential discussions with Musk. This hypothesis is supported by Hoskinson’s energetic involvement on social media, the place it advocates for the adoption of Cardano’s blockchain for presidency functions.

In the meantime, as Doge’s chief (Authorities Effectivity Bureau), Musk has expressed curiosity in leveraging blockchain expertise to extend authorities effectiveness, notably in tracing and decreasing spending.

If the US Treasury adopts Cardano blockchain, it might characterize a groundbreaking transfer to modernize the federal government’s monetary system by decentralized expertise.

Such developments not solely enhance transparency and effectivity, but additionally might set precedents for different authorities companies to discover blockchain options.

Why Cardano?

Rumors of potential cooperation have led to elevated curiosity in Cardano’s native cryptocurrency, ADA. Analysts say that if a partnership happens, the worth of the ADA will rise and Cardano can solidify its place within the blockchain area.

Nonetheless, that is nonetheless a hearsay, so whereas there are not any main worth spikes on the ADA for the time being, it’s fascinating to notice that solely Cardano’s blockchain has popped up throughout this rumour.

This is because of the truth that Cardano’s scalability, vitality effectivity, safety, decentralization, and good contract capabilities are necessary benefits over different blockchains in the case of authorities adoption.

For instance, Cardano’s Ouroboros Proof Stake (POS) mechanism is understood to be each protected and energy-saving, in comparison with Power Intensive Proof of Work (POW) blockchains comparable to Bitcoin. It’s extra appropriate for presidency use circumstances.

Whether or not one thing comes from all of this or not, Cardano is actually one of many extra practical blockchains for presidency adoption.