There are three organisations that are contributing to the development of Cardano. The first is the Cardano Foundation, an independent standards body based in Switzerland with core responsibilities to support the community of Cardano users and to work with authorities on regulatory and commercial matters. The second entity working on Cardano is IOHK, a leading cryptocurrency research and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain.
The Cardano Foundation’s core mission is to standardise, protect and promote the Cardano Protocol technology.
- To Study and Propose Blockchain and Cryptocurrency Regulation
- To act as a Blockchain and Cryptocurrency Standards Body
- To Protect, Enhance and Evolve the Cardano Ecosystem
- To Aggregate, Educate and Grow the Cardano Community
- To Serve as an Objective Organization for Enterprises to Join
The role of Emurgo is to develop, support, and incubate commercial ventures and help integrate these businesses into Cardano’s decentralized blockchain ecosystem. Emurgo is investment focused and invests in two ways:
- Through direct investment into start-up ventures, and
- By developing commercial partners who want to use blockchain technology to revolutionize their industries.
Emurgo has established research and development centers in key geographies such as the Philippines, South Korea, and Vietnam, and has headquarters in Japan. In the first phase of building the community Emurgo will focus on establishing infrastructure so it can later deploy funds to strategic projects and application builders.
Emurgo will grow the community by helping existing companies implement a blockchain strategy and develop decentralized applications on Cardano software for key industries. Companies can get assistance from specialized ventures in the Emurgo community such as Emurgo Finance, Emurgo Legal, and Emurgo Logistics which will focus on developing commercial applications for businesses seeking solutions in their respective fields.
Early stage blockchain ventures
Emurgo will identify, aid and invest in early stage blockchain companies that build applications on Cardano. In addition to investment, ventures will get plugged into the project by working alongside other blockchain companies, have access to research and development facilities, and connect with external companies that need applications developed.
Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a world-class engineering and technology company committed to using peer-to-peer innovations to provide financial services to three billion people that don’t have them. The group is contracted to design, build, and maintain the Cardano platform through to 2020.