Input Output, the engineering company best known for developing Cardano, has begun a major restructuring that includes changing its name and expanding into technology areas beyond blockchain origins.
The company announced on December 5th that it will operate under the name Input Output Group after removing 'Global' from its name. It plans to expand into areas such as quantum computing, digital identity, fintech, and healthcare.
Cardano Engineering Company, Reasons for Expansion?
Charles Hoskinson, the company's founder, stated that this redesign reflects how much the organization's early blockchain protocol engineering has evolved.
He described this phase of change as an effort to build a global tech group capable of solving complex problems in fintech, privacy, artificial intelligence, and healthcare.
Hoskinson added that the company will continue to support core development of Cardano.
"As Input Output Group, we are entering a new chapter of expansion, investment, and innovation across the United States, Latin America, Europe, the Middle East, and emerging markets," he mentioned.
This change reflects a broader trend in the cryptocurrency industry where companies are diversifying into areas that combine distributed systems, data infrastructure, and machine intelligence.
According to a recent UN analysis, rapid innovation could push the AI sector to $5 trillion within a decade. The report indicated that this scale would impact adjacent fields like digital identity and quantum computing.
By adding these sectors to its portfolio, Input Output aims to expand its commercial pipeline and attract valuable corporate clients.
In particular, the company has already advanced its privacy protection technology through Midnight. This blockchain is designed to support data protection and regulation for institutional users.
Meanwhile, the restructuring comes at a difficult time for Cardano, which is struggling to catch up with competitors like Solana and Ethereum.
To provide context, Cardano is maintaining a stablecoin supply of less than $50 million. In contrast, competing ecosystems like Ethereum support assets worth billions of dollars.
Considering this, Hoskinson argued that Cardano's slow adoption is not due to technical limitations, but rather a problem of storytelling.
"It's not a technical problem. It's not a node problem. It's not a problem of imagination and creativity. It's not a problem of execution either. We can do almost everything. It's a matter of governance, coordination, and ultimately accountability and responsibility," Hoskinson said.
Input Output is trying to bridge that gap through new alliances with Cardano founding organizations. This effort aims to accelerate the integration of top-tier stablecoins and custodial providers.
The company expects these additions to improve liquidity, strengthen infrastructure, and increase Cardano's appeal to developers and financial institutions.
