Input Output, an engineering firm best known for developing Cardano, has initiated a wide-ranging restructuring that includes a name change and expansion into technology fields far beyond its blockchain origins.
The company announced on December 5th that it will remove 'Global' from its name and operate under the name Input Output Group. It plans to expand into quantum computing, digital identity, fintech, and healthcare.
Why is Cardano's engineering firm expanding its operations?
The company's founder Charles Hoskinson stated that the design reflects how much the organization has evolved from its original blockchain protocol engineer perspective.
He described the new phase as an effort to build a global technology group capable of addressing 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 embarking on a new era of expansion, investment, and innovation in the United States, Latin America, Europe, the Middle East, and emerging markets," he noted.
The change reflects a broader trend in the crypto industry as companies diversify into areas that combine decentralized systems, data infrastructure, and machine intelligence.
A recent UN analysis estimated that rapid innovation could take the AI sector to 5 trillion dollars within the decade. Such a scale will shape adjacent fields like digital identity and quantum computing.
By showcasing these sectors in its portfolio, Input Output aims to expand its commercial pipeline and attract corporate clients.
In particular, the company has already advanced its privacy technology work through Midnights. The blockchain is designed to support privacy and regulatory compliance for institutional users.
At the same time, the restructuring occurs at a challenging time for Cardano, which has struggled to keep pace with competitors like Solana and Ethereum.
In comparison, Cardano has a stablecoin supply of less than 50 million dollars. On the other hand, competing ecosystems like Ethereum support these assets worth hundreds of billions.
Hoskinson argued that Cardano's slower adoption stems from narrative challenges, not technical limitations.
"It is not a technology problem. It is not a node problem. It is not an imagination and creativity problem. It is not an execution problem. We can essentially do anything. It is a governance and coordination problem and ultimately accountability and responsibility," Hoskinson said.
Input Output is attempting to respond to this ransom with a new coalition of Cardano's founding organizations. The aim is to accelerate integration with tier one stablecoins and custody service providers.
The company hopes that these additions will improve liquidity, deepen infrastructure, and strengthen Cardano's appeal to developers and financial institutions.
