The Cardano Foundation released an ecosystem guide detailing research on 582 projects built on the Cardano blockchain, identifying three main verticals: traceability, authenticity, and sustainability. Of these projects, 30% focus on traceability, which involves creating immutable records for verifiable digital and physical assets, and 15.4% emphasize sustainability through social and ecological initiatives. However, the largest proportion, 54.6%, target authenticity, utilizing secure verification methods to confirm identity and legitimacy. Additionally, the research indicates a global reach, with 70% of the projects catering to international markets, showcasing the platform's scalability and diverse applications. Cardano Foundation's CEO, Frederik Gregaard, expressed excitement about how these projects are transforming global supply chains and addressing significant global challenges through verification mechanisms.

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