Cardano: Can a new leader revive the Foundation?

Cardano Foundation is guided and supervised by its board of directors

The inclusion of Fernando Luis Vásquez Cao in the executive team of the Cardano Foundation has meant a substantial change in the company’s global strategy.

Cardano brings a high profile to the table

The Swiss-based Cardano Foundation announced on Thursday the addition of a strong leader to its management team. Besides being a master of software development, Fernando Luis Vásquez Cao is also an Asian financial superstar. His knowledge of open source legislation, governance and technology is second to none in the industry.

Given this man’s extensive work experience at NTT behind his academic degrees, this is an important understatement. After a brief stint with a Japanese telecommunications giant, he joined SBI and quickly rose through the ranks.

His strong credentials and knowledge of Asian finance soon caught the attention of the ADA Foundation, which soon hired him.

Fernando has arrived on time

The ADA Foundation is currently in the process of modifying its core policy. In fact, the barons of the Swiss corporation are currently sustaining the fundamental infrastructure of the company and the market. The foundation’s enterprise technology department is tasked with achieving this standardized goal.

The CEO of the ADA Foundation, Frederik Gregaard, expresses his gratitude for the decision of his colleagues:

“The Cardano Foundation is guided and supervised by its board of directors. Fernando’s experience in business and software development is a valuable asset to our esteemed board of directors… He will be a great asset to us as we continue to grow and develop our business.”

The Foundation’s board of trustees now includes Beth Buchanan, Jillian MacNab, Andreas Eschbach, and Fernando Luis Vásquez Cao, in addition to its former members. Based on their capabilities, they are a winning quartet.

Long-term prospects for Cardano:

ADA intends to become Ethereum, a blockchain that will support smart contracts. Due to its scalability, high transaction fees and high transaction throughput, it is the second most popular cryptocurrency.

However, that doesn’t deter her haters. Examples include Mike Novogratz telling Yahoo Finance’s Zack Guzman that the Cardano community “built this weird cult,” and Mark Zuckerberg telling CNBC.

Chris Burniske, a partner at Placeholder, referred to ADA as “vaporware,” which translates to “ghost things” in French.

The Cardano team company will not be affected by this kind of pessimism. It has enthusiasts, like Kraken, who believe that 2022 would be the best year for Cardano. The Canadian stock exchange even heralds it as the next key layer 1 blockchain for the stock market in the near future.

Cardano has a market capitalization of about $33 billion and is the seventh most valuable network in the world, according to CoinMarketCap. With Fernando at the top of the pyramid, we can expect even more spectacular results.