Input Output, the engineering company best known for building Cardano, has begun a major restructuring that includes a rebranding and entry into technology sectors that go beyond its blockchain origins.
The company announced on December 5 that it would drop the word Global from its name and operate under Input Output Group, with plans to expand into quantum technology, digital identity, fintech, and healthcare.
Why is Cardano's engineering company expanding its operations?
Charles Hoskinson, the company's founder, stated that this new design reflects how far the organization has evolved from its early focus on blockchain protocol engineering.
He explained that this new phase is an effort to create a global technology group capable of tackling complex issues in fintech, privacy, artificial intelligence, and healthcare.
Hoskinson added that the company will continue to support the core development of Cardano.
As Input Output Group, we are stepping into a new chapter of expansion, investment, and innovation across the United States, Latin America, Europe, the Middle East, and emerging markets, Hoskinson said.
This shift reflects a broader trend in the crypto industry as companies turn to explore areas that integrate distributed systems, data infrastructure, and artificial intelligence.
Analysis from the UN recently projected that rapid improvements in innovation could drive the AI sector to a value of 5 trillion USD within the decade, with the report stating that such a scale will play a role in enhancing the scope of digital identity and quantum computing.
Adding these areas into the Input Output portfolio aims to expand the commercial pipeline and attract enterprise customers.
Notably, the company has already developed privacy technology through Midnight; this blockchain is designed to support data protection and regulatory compliance for institutional users.
Meanwhile, restructuring has occurred during a difficult time for Cardano, which requires efforts to compete with rivals like Solana and Ethereum.
To add context, Cardano manages stablecoins worth less than 50 million USD, while other systems like Ethereum support assets worth hundreds of billions.
Considering this, Hoskinson argued that Cardano's slow response stems from content barriers, not technical limitations.
It's not a technology problem, not a node problem, not a problem of imagination and creativity, not an execution problem. We can do everything. It's a management problem, a coordination problem, and ultimately, a responsibility problem, Hoskinson said.
Input Output is trying to address that gap through new partnerships with founding organizations of Cardano. This effort aims to accelerate integration for tier-one stablecoins and custodial service providers.
The company hopes these additions will enhance liquidity, strengthen infrastructure, and make Cardano more attractive to developers and financial institutions.
