Member-only story
What is the real use-case of Cardano?
What is the real use-case of the Cardano? This question is often raised in debates on the Internet. Let’s try to answer it. You will be probably surprised by the answer. Hopefully, it can help you to understand why it might be difficult to answer.
The world of transactions and contracts
Our society and the financial markets are based on transactions and contractual agreements among people, companies, banks, states, etc. The exchange of value is a very important part of society. Everybody is able to produce something and needs something else from others. Money became the means of payment. Money is only half of a financial transaction. Exchanging value means that money is exchanged for an item with a similar value. Buying goods is an easy exchange where you can fill your shopping basket and pay at the cash desk. There might be more complex exchanges of value that require making a contract. A contract is a record with the agreement details including parties' signatures. Transactions and contracts are drivers of the economy and society.
Interaction with friends, partners, and institutions is based on trust. Trust is a scale. Parties often do not trust each other so there must be trusted entities to whom both parties trust. Nowadays, we have a lot of such trusted entities. For example, banks. Banks and other…
