Cardano Is Set To Provide Tools for Developers, End Users, Businesses to Execute Smart Contracts
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Cardano, the third-generation blockchain project, is set to provide tools for developers, end-users, and businesses to execute smart contracts in financial agreement through a new suite known as Marlowe.

Marlowe, IOG’s product suite, comes with Marlowe Build and Marlowe Play for developers, where smart contracts can be developed and tested. It also contains Marlowe Run for end-users to execute financial agreements on Cardano blockchain using customizable and open-source templates.

Read Also: Hoskinson Says Ethereum Is One of the Greatest Innovations; Vitalik Says Cardano Has Interesting Ideas

In a recent blog post, Shruti Appiah, a product manager at Input Output Global (IOG), wrote:

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“We are currently developing a suite of Marlowe products to democratize finance and enable easy access to financial agreements. This includes Marlowe Run, a new product that will allow users to seamlessly execute off-the-shelf financial agreements with friends or clients in a secure fashion, and on their own. With added automation features and no need for third-parties, this peer-to-peer solution will be cost-effective, and more importantly, democratizing

“We seek to empower people to create their own financial instruments and set up agreements with anyone with whom they want to interact.”

Read Also: Cardano (ADA) Once Again Tops Blockchain Development Activity, Beats Ethereum by a Wide Margin

Appiah stated that Marlowe Playground Alpha that was rolled out in 2020 gave developers the ability to write contracts in JavaScript, ability to access external data, such as price, directly from a stock market ticker or in the future. She said the team has been building on this work in order to improve the user experience.

In the blog post, Appiah said, “As a part of the Goguen rollout, we are now in the process of completing the implementation of Marlowe on Cardano, giving users and organizations the opportunity to execute DeFi contracts they have written themselves or downloaded from a contract repository.

Appiah added that Marlowe will be deployed in stages this year for end-users “Marlowe will run first of all on the Cardano blockchain, but it is blockchain-agnostic so could run on other blockchains to reach an even broader audience in the future.”

Read Also: Charles Hoskinson: Cardano Is Now Close To Implementing Smart Contracts

Meanwhile, Cardano is currently on the Alonzo upgrade phase, which is expected to complete by the end of August. This development will bring smart contract functionality and enable decentralized finance applications on the Cardano blockchain.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.