The Cardano Foundation's first Annual Report, released in April 2022, highlights the accomplishments of the last year. The report is a testament to the strong growth, development and hard work of the Cardano ecosystem in the last 12 months. The Foundation focuses on driving the adoption of the platform, building partnerships with businesses and governments, and cultivating the community.

The Foundation has updated its delegation strategy, which rewards stake pool operators (SPOs) who consistently develop the essential tools for building on Cardano. They have also refined the Cardano Improvement Proposals (CIPs) process, to align it with best open-source practices. Additionally, the Foundation launched the first Annual State of the Cardano Developer Ecosystem survey to better understand the current landscape.

The workforce also saw significant growth from under 40 in January 2022 to almost 80 by December. This enabled the Foundation to achieve their goals throughout the year.

Highlights from the report include providing technical assistance for the Vasil hard fork, establishing the groundwork for the nationwide use of blockchain in the Georgian wine supply chain and contributing to the versatility of non-fungible tokens (NFTs). These achievements demonstrate the diversity of transactions and solutions across the Cardano network, making it resilient and durable.

To promote education, the Alpha Program of the blockchain course went live, offering free, high-quality blockchain education. This was complemented by the Foundation's participation in policy discussions with representatives from major cities and members of the Bank for International Settlements (BIS) and the World Bank, to further develop understanding of the technology.

Since adoption is a major focus of the Foundation, they have established partnerships with Switzerland for UNHCR, the Georgia National Wine Agency, veritree, and the University of Zurich. These partnerships have contributed to the development and launch of tools such as Kupo v2 and Ogmios, to promote adoption and help Cardano scale.

The Foundation also contributed to the decentralised application backend (DAB) solution and expanded the Developer Portal. These efforts are helping maintain and update the robustness and reliability of the Cardano infrastructure. The success of the Cardano Summit 2022 and plans for the 2023 event further demonstrate the Foundation's commitment to the project.

Overall, the Report showcases Cardano Foundation's efforts in operational resilience, education, and adoption and the progress achieved in the last year. CEO Freddy Gregaard expressed his delight about the report stating that it moves them closer to their long-term mission of providing the world with dependable, open and decentralized infrastructures.



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