There are 577 million Spanish-speaking people in the world, according to data from the Cervantes Institute, for the year 2018.
An important part of the Hispanic community resides in the United States, according to the last census of 2011, and it totals 55 million people.
Language is the main connector of culture, and Cardano is enhancing that characteristic based on global utility.
The economic and social ecosystem that is being created from blockchain technology will allow the development of a small-scale economy (P2P), with a wide range of services and loans, and therefore, with lower costs, since, in addition, it is not necessary the expensive infrastructure of banks.
Cardano can nurture local communities. A merchant can interact with their local suppliers, or customers, even retailers, safely and without the need for banks or notaries to act as intermediaries. You can “trust” a payment, because you can create a smart contract that manages the agreement.
This is where I want to stop, to emphasize local importance. It would seem not relevant in Cardano’s macro context, so broad and international that it dwarfs the P2P scale. But the “peer to peer” is, precisely, the essence of the ecosystem.
Crypto technology does not need trust, or know the person to trade, because it is a system that replaces trust and intermediaries.
This configuration allows you to go back to the roots of local business relationships. Not everything is global, and even being global, culture is an important connector.
As I said, the Spanish-speaking community numbers almost 600 million people, and the countries that make it up have economies of scale among them. From Mexico, in North America to South America, with Chile and Argentina, adding Spain.
Latin American communities have great economic and social needs that can be met in a decentralized and self-sufficient format.
I tell you about the initiative of a DAO ecosystem in Cardano, which faces such a challenge, it is ALDEA .
If you want to understand more about what a DAO is, you can read an extensive article that I published in two parts, on AdaPulse: Decentralized Autonomous Organization (DAO): brief history, challenges and lessons learned and Defining decentralized governance and the multitude of different models
Aldea is the Decentralized Autonomous Organization (DAO), which allows people to unite, communicate, self-govern, produce and trade without intermediaries and without central bodies that can exercise any kind of censorship in these interactions.
The pillars of ALDEA:
- Decentralized and uncensored communications
- Decentralized governance.
- The decentralized law.
- Decentralized Finance (DeFi)
The first working sessions of the developer team began in January 2021, and in March ALDEA was presented as a proposal from the Fund4 of Project Catalyst.
The idea of this ecosystem grew to meet two needs of crucial importance, the participation of the Spanish-speaking community in the Cardano Catalyst Project, and the little information available in Spanish, about Cardano.
Thus, two platforms were born, ALDEA CATALYST and ALDEA WIKI .
It is the support site in Spanish for everything related to Project Catalyst, so that Spanish-speaking people can maximize their chances of participation and develop valuable skills for the entire Cardano ecosystem.
The proposal was presented at the FUND5 of the Catalyst Project, and was chosen: ALDEA Catalyst Spanish Support Site
It’s the Cardano Library. A platform with a well-known format, similar to Wikipedia, with collaborative content, and in which everyone can participate. It aims to become the place of reference where to find and share knowledge about Cardano, Blockchain and the crypto industry in the Spanish language. In a next phase, development in Portuguese and English is planned.
The proposal was presented at the FUND5 of the Catalyst Project, and was chosen: ALDEA Wiki — Cardano Encyclopedia
ALDEA will base its operation on smart contracts, programmed codes that execute a conventional contract. Thus, with lower execution costs, contractual conditions are ensured and the risk of accidents and fraud is minimized, eliminating the need for trusted intermediaries.
The contractual functionalities will refer to Government, DeFi, Voting, Treasury, Incentives and Disputes.
The $ALDEA token will be the government token. It will allow its holders to decide on which Community proposals deserve more attention, as well as vote on updates to the platform, its integrations and its protocols, or it may even be used to access various services within the ALDEA ecosystem.
The current (traditional) global financial system bases its model on the concept of debt, earning money with interest on money, without producing anything tangible, and has become the paradigm of a society that rewards cunning more than honesty and production. Interest is the cost of money based on money, and as such, it only makes sense when it is intended for production, and not when it encourages speculation and the creation of increasingly complex and less transparent financial instruments, where the format It is designed for the powerful of all time to win.
Contrary to that, the idea of Society 3.0 , the Ronald van den Hoff model, stands.
True to the Cardano philosophy, a healthy blockchain ecosystem must have a clear economic policy of incentives.
Thus, the ALDEA team proposed the value interactions model .
A value interaction is an action, whether of a person or an organization, that is considered “constructive” for ALDEA. Every valuable interaction must have real work associated with it; such as inviting a new member to the Community, teaching a course of a certain discipline, successfully completing a task or, as in the case of Stake Pools, contributing funds in $ADA to the Treasury, coming from their rewards for having signed blocks at a given time.
Value interactions will be defined by the Community and, through them, its members will be encouraged to make quality contributions. This model will serve, not only for ALDEA to grow organically but will also help us to distribute the $ALDEA token more fairly.
Thus, the ALDEA development team has designed Iteration 0 , the first “experimental process” of community and distributed decision-making carried out in ALDEA, which will help evolve the ecosystem to the next iteration, following the path outlined by the community.
In a future article I will explain the Iteration 0 model .
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