The co-founder and Chief Strategy Officer of Storj, Shawn Wilkinson recently linked the adoption problem of blockchain to utility. He said that the end-users don’t actually care about the underlying technology of the distributed ledger system. All they care about is the utility and how blockchain can be put to use. Talking to BlockPublisher he shared his views saying,
We need to see real-world applications deploy and achieve wide adoption. It’s not as much about blockchain seeing mass adoption as it is seeing companies that utilize blockchain achieve mass adoption. The majority of end-users don’t care about the technology, they care about what the technology can achieve.
There are a lot of crypto tokens and currencies in the market which lack utility, which is why instead of helping blockchain, they’re contributing to the market being a store of money. The volatility in the currencies is also a result of lack of adoption and institutional interest in the market.
The founder of Karmaship, Alfa Warrior linked this problem to the lack of focus on the UI and UX which makes the users lose interest in projects, he said talking to BlockPublisher,
It has to do with basic stuff like UX and UI not being up to the mark with the centralized projects like the ones you get on Apple store which cater to the problems with a better UI and are generally easy to comprehend applications. The adoption rate is slow because crypto is still pretty hard to use and understand.
The main attraction that blockchain provides is the decentralized nature of the projects built on top of its technology. Shawn continued on with his views saying that in order to make blockchain a truly secure, decentralized, private and a transparent space, projects should become open source for their community. According to Shawn, there is a lot of overlap between open source and decentralization and in the future, these two communities will become more blurry,
We see a huge opportunity for blockchain/decentralization/
web 3.0 platforms to accelerate their go to market strategy through the open source community. There is so much overlap between open source and decentralization that it only makes sense that in the future these two communities will become evermore blurred. Any truly decentralized platform is open source and both communities are at the forefront of security, performance, privacy and transparency.
Decentralizing the platforms truly and creating utility on blockchain with up to the mark UX and UI is the real key according to these experts.