Why is it important?

There is a big AFK world out there.

What does success look like?

Cardano is used as the base layer for running the future financial networks.

Key Metrics to measure

- A central bank has certified Cardano as a legitimate payment network.

- There are on and off ramps to connect to existing financial networks (banks).

- A country is committed to using Cardano as a payment system next to the local currency.

Challenge brief

What good is this wonderful blockchain technology if we can only use it online? There are a lot of legacy systems to integrate with and interfaces to build. We need really use the power of blockchain to its full potential. Because it uses magnitudes less energy than existing systems, is globally accessible and faster.

There is now time to reinvent every aspect of the existing systems. And some parts of it work and have good well trained people operating them. Rebuilding the domain knowledge is wasteful and in a lot of cases unnecessary.

Challenge amount is set to this level because next to building the systems and creating specifications there needs to be an effort in lobbying for the desired legislation to allow for this revolution to take place.