Here is how the new digital economy is building out on Cardano ADA CardanoCommunity CardanoADA BuildingonCardano
Cardano would enable this through a decentralized ID implemented through the Atala PRISM project. Lace, a lightweight wallet for Cardano, intends to integrate voting and identification in upcoming versions.
Additionally, Lace plans to use many Cardano products, fusing a variety of functionalities into a unified user experience. This will incorporate Project Catalyst for simple voter registration and Atala PRISM for managing identities and personal data. The use of cryptocurrencies for making payments is expanding. It is unclear if these will be stablecoins or the native coins of specific projects. Cardano wants to have a big impact as it will enable the tokenization of the economy.Decentralized Identity , which gives consumers more privacy control, might be a pillar of this future. Peer-to-peer payments will also become simpler since participants might be able to confirm with whom they are conversing.
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