Who is Cardano's biggest competitor?

Who, then, is Cardano's biggest competitor? Is it another blockchain upstart, aiming to disrupt the crypto market with innovative technology? Or perhaps a well-established financial institution, leveraging its vast resources to capture a slice of the digital asset pie? The answers may not be as straightforward as one might expect. According to Frederik Gregaard, CEO of the Cardano Foundation, Cardano's primary rivals are not actually from the blockchain sphere. Instead, he identifies the likes of Google, Amazon, Tencent, and Alibaba as Cardano's true competitors. Gregaard argues that these tech giants, with their vast reach and influence, pose a significant threat to the decentralized, user-controlled vision that blockchain technology espouses. This viewpoint raises intriguing questions about the intersection of cryptocurrency and the tech industry, and the challenges that lie ahead for Cardano and other blockchain projects.