Introduction
The rise of blockchain technology offers a transformative path for reshaping the future of the Internet. Currently dominated by centralized entities, the control over user-generated data has led to a concentration of economic power, eroding trust among users. However, decentralized technologies like blockchain introduce transparency, immutability, and security, offering a paradigm shift by granting ownership of digital content. This shift empowers diverse stakeholders across Internet ecosystems, fostering greater trust in the data-sharing system.
Smart contracts, a product of this decentralized innovation, further enhance trust by enabling automated execution of agreements between parties. Programmed to adhere to pre-agreed terms, smart contracts publish results to the blockchain for universal visibility. As these smart contracts integrate into decentralized applications (dApps), a new era unfolds, promising a future where data is shared, trusted, and leveraged for collaborative multi-party efforts.
Despite advancements in consensus protocols like proof of stake addressing scalability, stability, and security concerns, the real-world adoption of blockchain by developers and enterprises remains minimal. A critical barrier to widespread adoption is the complexity inherent in the dApp development process. The following section delineates the current limitations and obstacles in this space.
Limited Developer Ecosystem
Blockchain is a new area, talent is scarce, and many developers are still going through their learning curve. Ecosystems have not encouraged the proliferation of blockchain resources at scale yet. Reskilling developers from the traditional applications to decentralized applications creates a big barrier to adoption and slows down the speed of execution.
Complex Wallet Management
In the world of Web 2.0, login identities were integrated via APIs to Gmail, LinkedIn, Facebook, etc. whereas in the Web 3.0 realm logins morph into wallet-based identities such as Metamask, TrustWallet, etc. The process to create, store and integrate crypto wallets required to interact with blockchains is labor intensive. Added layers of complexity such as storing and maintaining personal or third-party custody of public and private keys become a big inhibiting factor for adoption.
Lack of Plugins and Integrations
The tools and data which needs to be trusted resides within legacy databases like Oracle, SAP, MS Dynamics, Google Drive, One Drive, Box, and Dropbox. There are limited integrations provided between these centralized infrastructure into a blockchain-ready solution, posing an impediment to decentralization.
Difficult to Choose and Develop on Multiple Protocols
Traditional disciplines, such as project and product management, rely on established guidelines. Unlike these, protocol management lacks a formal structure, with communities often favoring speed over efficiency by choosing a single protocol for development. This results in weak and fragmented protocol management, hindering seamless dApp development and deployment across multiple frameworks. Protocol-specific development confines dApps to the userbase of their foundational protocol, creating barriers for individual developers to gain broad support and access multiple communities. This, in turn, poses challenges to adoption in terms of scale and speed.
No Decentralized dApp Store
dApps require user adoption like any other legacy application or platform. Even after significant education, awareness campaigns, and social communities, it is difficult for users to find, download, and use these dApps due to the absence of a universal, easy-to-use dApp marketplace. Rather than a one-stop-shop, users must seek out dApps one-by-one, creating significant friction to dApp adoption.
The factors above present several limitations and formidable barriers to the mass adoption of dApps. A missing piece in the ecosystem is the layer between raw Layer 1 protocols and existing dApps enabling the transition from Web 2.0 (web and mobile apps) to Web 3.0 (decentralized blockchain enabled apps). This missing piece is a decentralized platform (dPlat), a new category created by zbyte to simplify dApp creation and deployment across the array of various existing protocols.
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