The biggest problems in the development of Blockchain and its characteristics [2019 Forecast]

In the last decade, cryptocurrencies, e blockchain technology in particular has taken hold in almost every corner of the world. There are already countless cases of blockchain use, many of which still exist only in theory, with developers working hard to achieve what was once considered impossible and solve many real-world problems.

Some of these social challenges already have some solutions, which can be further improved by employing blockchain. The Internet itself is entering into a completely new business and technological evolution thanks to distributed ledger technology.

All this started even before the blockchain was invented and companies like Amazon, Google and even Facebook would not be able to do what they do without creating large and complex networks, which are basically a blockchain predecessor. Now, this technology offers a potential to bring the web to a new era, which is why many tend to call it Web 3.0.

However, while all this seems easy in theory, the truth is that the process itself is infinitely more complex, with countless obstacles along the way.

At the end of 2018, many believe that 2019 could be the year in which the true transition to a later stage of world technological progress will take place. Even so, many problems remain to be resolved.

1) Problems with DApps

A group of problems lies in the concept of dApp, decentralized applications that came as a product of the blockchain data network. For example, their user interfaces are still difficult to navigate and use.

Performance itself is often poor, as these applications depend on the speed at which blockchain handles transactions.

Furthermore, there are encryption keys that are given to the users themselves to manage. While this improves the safety and security of every user, many consider it a burden they have never needed to sustain in the past.

In a nutshell, dApp right now still lacks improved design elements that make them practical and fun, as well as being safe, useful and decentralized. While there are some solutions that could solve these problems, they still need to be applied.

2) Dilemma of data ownership

Next, there is a matter of data ownership. The difference between dApps and regular and centralized apps is that dApp users have the ability to use cryptographic rotation to control data access. This means that access to data is no longer in the hands of the app developer.

However, this also brings a series of problems and challenges to all the parties involved, as well as the benefits deriving from the process. For example, developers must design applications that will only use data that has been validated by nodes managed by independent parties.

As for users, they will have to change the way they view data first and start thinking of it as a resource they own. This is an advantage that they are only "lending" to the creators of dApp. Developers can profit by charging people to use their dApps, while users can take advantage of additional valuable features and functions without having to sell data to different vendors.

3) Price problems of the app

There is also a big problem in the app industry regarding software prices as a service. Unless the user owns the shares of a particular service, the only party who can benefit from the number of users enjoying the app is its owner. This is a bitterly criticized imbalance that can be entirely solved using blockchain technology.

As many already know, dApps use their native tokens to purchase various services. If these services become quite popular, it is likely that the price of the currency can be influenced, in which the benefits of the dApp.

The services in question can include anything from access to a game, to obtaining more storage space and in the same way. The more money becomes precious, the more money-holders of services can buy.

4) Reaching success through Blockchain

Modern technology has been able to reap great benefits because of the open source aspect, which successfully eliminated most software bugs, improved the performance of different technologies and even encouraged interoperability. Furthermore, the cost of development has also decreased.

However, it has become more difficult for companies to really thrive on platforms that are 100% open source. This is also something that can be solved via blockchainas it can offer low development costs, greater resilience and highly available platforms with greater possibilities to actually achieve success.

Many still have one wrong impression of the blockchain, seeing it as a business software that bears a different name. This is false, since everything about it is different, including the data ownership model, its technical architecture and even the economy.

Moving from the current state of affairs to valuable Internet will be a long and difficult process, with its ups and downs. In addition, those wishing to use this technology will need to learn how to adapt their systems' designs to balance the needs of developers and users.