Interoperability is the First Step to Future Innovation and Adoption.

in Project HOPE4 years ago

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Covid-19 and Vulnerability of the Supply Chain.

The Covid-19 pandemic has exposed how vulnerable the supply chain nowadays that it cannot react fast enough during the crisis. This is where the efficiency of blockchain technology should shine through.

Sadly, even after 11 years since Bitcoin white paper was published, the industry is still having tribalism and other conflated issues resulting in developers locked-into their platforms.

Blockchain should bring transparency, security, new incentive models, and ownership of data to the world. The enterprise has started to realize the promise of blockchain technology, a consensus of governance and technology that is both transparent and auditable.

According to the World Economic Forum:

This specific challenge is not only a technology problem, but also a problem in governance, data ownership and commercial business models in terms of how they incentivize ecosystem stakeholders to collaborate with each other.”

Developers Should Have Open Choices.

Developers should have a lot of choices, whether its delegated proof-of-stake or proof-of-work, public or private, permissioned or permissionless, C++ or Solidity, etc. I understand that it seems that platforms are in a race to whoever can provide the best solutions like scalability, mass adoption. etc. But whatever drives competitiveness should not hamper the good of the technology to the society.

Multiple blockchains should communicate with each other. This means that a developer can input data on one chain and create some effect on another, this is good interoperability should be.

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