The Problem With Blockchain That No One's Talking About

September 17, 2018

We are at a unique point in history. There are a number of massive, tectonic, humanity-shifting technical revolutions taking place, all at the same time. Advances in virtual reality, nanotechnology, artificial intelligence, robotics, blockchain, and more, are changing the face of both the present and the future.

Blockchain in particular stands out as one of the least-understood and yet most potentially life-changing industries around. It will likely fundamentally impact the fields of finance, economics, and beyond in ways we don't yet truly grasp. Yet despite the hype, the number of people who regularly use decentralized apps built with blockchain remains staggeringly low. According to DappRadar, even the most popular decentralized app has fewer than 2,500 daily users.

Read that again: fewer than 2,500 daily users. Instagram has near 2.5 million daily users.

The fact is, according to people like Matt Nolan, Founder & CEO of blockchain startup Menlo One, we're squandering the ability of the field to advance if we don't pay attention to something important: making great tools available to developers to build with.

This is in part because the industry hasn't been paying attention to itself. The zeal and heady focus on the possibilities inherent in the technology have pulled focus away from the practical needs of those involved in the creation and maintenance of the system itself.

Read more at Inc. Magazine

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