Input Output, the engineering firm best known for building Cardano, has begun a major restructuring that includes a name change and a move into technology sectors far beyond its blockchain roots.
The company said on December 5 that it will remove 'Global' from its name and operate as Input Output Group. They plan to expand into quantum computing, digital identity, financial technology, and healthcare.
Why is Cardano's engineering company expanding its operations?
Charles Hoskinson, the company's founder, said that the redesign reflects how the organization has evolved from its original focus on blockchain protocols.
He described the new phase as an effort to build a global technology group that can solve complex problems in fintech, privacy, artificial intelligence, and healthcare.
Hoskinson stated that the company will continue to support Cardano's core development.
“As Input Output Group, we are entering a new chapter of expansion, investment, and innovation across the USA, Latin America, Europe, the Middle East, and new markets,” he noted.
The change reflects a broader trend in the crypto industry where companies diversify into areas that combine distributed systems, data infrastructure, and machine intelligence.
A new UN analysis estimates that rapid innovation could drive the AI sector towards $5 trillion within a decade. This scale, the report says, will shape adjacent areas such as digital identity and quantum computing.
By adding these sectors to its portfolio, Input Output aims to expand its commercial network and attract enterprise customers.
Notably, the company has already advanced its work in privacy technology through Midnight. The blockchain is designed to support data protection and compliance for institutional users.
At the same time, the restructuring is happening at a difficult time for Cardano, which is struggling to keep pace with competitors like Solana and Ethereum.
To put this into perspective, Cardano has less than 50 million USD in stablecoin supply. In contrast, rival ecosystems like Ethereum support hundreds of billions of these assets.
Given this, Hoskinson claimed that Cardano's slow adoption is due to narrative challenges, not technical limitations.
“It’s not a technology problem. It’s not a node problem. It’s not a lack of imagination and creativity. It’s not an execution problem. We can practically do anything. It’s a problem of governance and coordination and ultimately accountability and responsibility,” said Hoskinson.
Input Output is trying to bridge that gap through a new coalition with Cardano's founding organizations. The effort aims to accelerate integrations for top-tier stablecoins and custody providers.
The company hopes that these additions will improve liquidity, deepen infrastructure, and strengthen Cardano's appeal to developers and financial institutions.
