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In his mission to build "Amazon Web Services of the era blockchain", the CEO of ArcBlock, Robert Mao, outlines a problem that finds the blockchain in a technological purgatory.
The problem with Blockchain
The CEO of ArcBlock, Robert, believes that the utopian promises of blockchain to destroy, decentralize and democratize are by no means hot air.
The veteran software engineer and former Microsoft researcher connects the points between the tumultuous rise of the blockchain and the deployment of the Internet; It has been a decades-long situation that has transformed a rudimentary application into a technological paradigm.
Just as the Internet has shifted from the methodology (e-mail), technology (TCP / IP), to an all-encompassing platform (the world wide web), Mao explained, the blockchain was destined to carve out the same path.
Bitcoin, emerging as an unparalleled cash system, peer-to-peer, has stimulated the world's interest in the blockchain and has given it recognition as a revolutionary technology. If the projects of Mao are indeed correct, the significant and mass adoption of the blockchain can not arise until the third and final stage of development. Or, as he said:
"When the platform is ready, it's the first time for the whole thing."
Mao suggests that current technology is at a temporary stage where developers face a reflecting truth:
"Even today, as a developer, you get excited with the blockchain, you really want to build something and then you'll realize what reality is, part of it is the vision, the other part is the reality, the reality is that building blockchain is really difficult . "
Based on this, he noted that many obstacles awaited any blockchain developer who wanted to create an application, from the initial challenge of choosing which blockchain to base, and then mastering the scripting language, protocol and structure of the data of the chosen blockchain, as well as other main operational nuances.
"Each of these blockchain technologies have different protocols, different data structures, different libraries and even different languages, so basically if you want to change from Ethereum for Tendermint, practically everything has to be changed. This is definitely not an intelligent move for any team. "
A platform to bind them
Originally starting to build a group knowledge network for software development, ArcBlock came across blockchain when looking for a means of encouraging knowledge sharing.
And where the cryptocurrency could have jumped out as an obvious incentive model, the team was once again paralyzed when it tried to select a suitable blockchain. Coming out and talking to the broader development community, however, Mao and his Seattle-based company quickly realized that they were not alone in dealing with such a project.
ArcBlock, having changed direction in 2017 hoping to solve this problem, has tried to lower the barrier to entry for Däpp the developers, emerging as one of the platforms that Mao believes to be a fundamental prerequisite for real growth in the nascent blockchain sector.
Through the functional "Open Chain Access Protocol" of the platform and Blocklet's "microservice" framework, developers do not have to engage in any blockchain; instead, they must work within an open-source, technology-independent environment where dApps can be created and deployed on any blockchain and / or cloud for serverless processing.
The most "ambitious" objectives of the platform, Mao admitted, include a decentralized messaging service for a DäppReal-time communication between devices and a token economy service that allows projects to create native cryptographic resources that work on different blockchains.
Blockchain: "Only not ready yet", but ripe for a boom
As developers "in their DNA", they focus exclusively on technology, said Mao, the ArcBlock team is not discouraged by the well-known and widely despised correction of the cryptocurrency market.
The immediate concern, however, is the absolute decline in developer interest, which has plummeted into the price of cryptocurrency.
"When the [blockchain] technology is not yet in prime time, no matter how excited you can be, in the end you get burnt on. So the whole falling market is actually just a breakdown in the last bubble moments. "
Blockchain, according to Mao, is not so much a technology in difficulty, but a harvest waiting for harvest, a fruit that will bear fruit, just as the Internet did, once its basic technology is packaged in easily digestible platforms.
"This is exactly like the Internet in the year 2000. When we look back at the year 2000, we think OK, that time it was not a bubble at all, it was not something empty, it was not something fake, it was not there yet I think now blockchain is the same. "
Disclaimer: The opinions of our writers are exclusively their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate approve any projects that may be mentioned or linked in this article. Buying and exchanging cryptocurrencies should be considered a high-risk activity. Please do your due diligence before taking any action related to the contents of this article. Finally, CryptoSlate assumes no responsibility in case of loss of money in the trade of cryptocurrencies.
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