Cardano: Pay Your Flights, Monitor Wine, Vasil Improve – ADA Rally? – Crypto information flash

  • A joint team from the Cardano Foundation and the IOG has scheduled the Vasil upgrade for September 22nd.
  • The Cardano Foundation and the National Wine Agency of Georgia will work together to create a Cardano-built project to track the quality of Georgian wine.

Over the weekend, a joint team from the Cardano Foundation and the IOG team submitted an updated proposal to the Cardano chain. The proposal suggested September 22, 2022 as the start date for the Vasil upgrade. The news was part of an update on the Vasil upgrade via the official IOG Twitter channel.

Vasil Update: This weekend a joint @CardanoFoundation & IOG team successfully submitted an update proposal to the chain, kickstarting the #Vasil upgrade for September 22nd.

Thank you to the entire tech community for your support over the past few months to get us here.🙌

1/3 pic.twitter.com/I1auhX5goH

— Input Output (@InputOutputHK) September 18, 2022

Aside from a new Plutus cost model, the Vasil upgrade will include companion outputs, reference scripts, inline data, and node support for reference inputs. Developers can access and use these new functionalities on mainnet one epoch after the upgrade (September 27th). The combination of these functionalities will increase Cardano’s scalability, performance and functionality.

The Cardano Foundation wants to improve Georgia’s wine reputation

Meanwhile, the Cardano Foundation has announced that it will work with Georgia’s National Wine Agency, Scantrust, and the Boluisi Winemakers Association to develop a Cardano-developed solution to track the quality and authenticity of Georgian wines. The four partners will contribute to the establishment of this solution, which aims to strengthen Georgia’s reputation as a premium wine producer worldwide.

Mel McCann, Cardano Foundation Vice President of Engineering, commented that this partnership would create a cost-effective and flexible traceable certification system to ensure authenticity and clarity for customers and wineries from harvest to consumption. Under the terms of the partnership, the Cardano Foundation will support individual wineries by developing a common, scalable and cost-effective platform for winemakers to increase their customer loyalty. The foundation will launch a pilot phase of the program in the Boluisi region, which will serve local and export markets.

In the test phase, up to 100,000 wine bottles are to be harvested this autumn and filled by spring 2023. These bottles will contain a special label with a secure and unique QR code. This allows customers to confirm the authenticity of the products and learn about their history. Using the Cardano blockchain, the National Wine Agency will create an auditable, public record from up-to-date wine certification data, particularly for wines destined for the international market.

Hoskinson speaks at a convention about the power of blockchain technology

At a hearing with subcommittee members and congressional staffers, Cardano founder Charles Hoskinson spoke about blockchain technology, its history, and its universal applications. Hoskinson noted that the power of blockchain technology lies in its universality and permissionless innovation model. He explained that his company (Input Output Global, IOG) has never had to pay a license fee, file a patent application, or acquire a license to conduct its business in any part of the world, including countries like Ethiopia and Mongolia.

The Cardano founder also noted that category-based regulation, segregated to the boundaries of specific jurisdictions and dependent on centralized actors for reporting, is unlikely to be effective. He suggested that the best solution to regulatory issues is to decide what risks to protect against, what fundamental rights consumers should have and how new tools can be used to maximum benefit.

Cardano’s native token, ADA, would benefit from all of these positive developments in the Cardano blockchain and community. It is currently trading at $0.445 and is up 2.48 percent in the last 24 hours, according to our data.


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