What Is Input-Output Hong Kong (IOHK)?

Input-Output Hong Kong (IOHK) is now known as Input-Output Global. It is a software development company particularly aimed at developing innovative blockchain platforms that provide financial services to people.

IOHK's vision is that everyone in the world should be able to hold and use cryptocurrencies, and this is why they are committed to building tools that are open source and easily accessible.

IOHK has turned into a global organization having a remote team of more than 400 people from over 50 countries. It comprises talent from different areas of expertise. Collectively, it’s an organization with culturally and skill-wise diverse teams.

The brains behind IOHK are well-known in the industry with Charles Hoskinson as the founder of the organization and Jeremy Wood as his partner. Charles Hoskinson is also the co-founder of the Ethereum blockchain platform. 

It’s regarded as a blockchain research and development company, offering commercial services to companies interested in using distributed ledgers, developing currencies and working in different industries.

Cardano, the first currency developed by IOHK, is a third-generation cryptocurrency. Charles Hoskinson is mainly credited for the creation of Cardano – a platform built to provide a blockchain infrastructure to those striving to bring innovation or change through research and engineering. It empowers them with the tools and technologies needed to accomplish their objectives. Its was developed as an effort to create something that offers more than previously created protocols. Cardano is unique because it’s the first platform that has evolved out of a science and research-first approach. Cardano’s development team has researchers and engineers from around the world who are committed to the same mission.  

The underlying protocol of Cardano is a layered blockchain that can be scaled. The standards at which Cardano is built are of the highest quality pertaining to the academic and commercial software industry. It is built to evolve through a consensus achieved by a democratic governance system. Its treasury system ensures sustainable funding of Cardano, helping it evolve and transform into a better platform.