Cardano Creator Says Real-World Blockchain Applications Are Limitless, Team Donates $500K in Crypto Ada for Research

By Daily Hodl Staff

IOHK, the software engineering company behind the decentralized blockchain project Cardano, just made a big gift to the University of Wyoming (UW). It donated $500,000 in crypto to support the university’s research and development of blockchain technology.

Charles Hoskinson, IOHK’s chief executive officer, presented the donation before a packed crowd in Laramie.

“The real-world applications of blockchain are limitless and IOHK’s donation of $500,000 – in Ada, the native cryptocurrency of our Cardano blockchain platform – to the University of Wyoming’s Blockchain Research and Development Lab will help bolster Wyoming’s burgeoning blockchain revolution.”

According to the announcement, the funds will be used to focus on ways to integrate smart contracts and improve supply chain management.

At the forefront of blockchain legislation, Wyoming has developed a legal framework that supports the emerging technology.

UW is the fourth academic institution to host an IOHK blockchain lab, joining the Tokyo Institute of Technology, the University of Athens and the University of Edinburgh.

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