Blockchain technology has been around for over a decade and has transformed many industries, from finance to supply chain management to digital identity. It has the potential to revolutionize the way we live, work and do business in the near future. However, adoption is still a long way from the global scale that Web3 enthusiasts envision.
According to Dmitry Shklovsky, QuickNode co-founder and co-CEO, blockchain has the power to transform the way people live — starting with their online presence. A decentralized internet is the next evolution of the digital world, and blockchain has the power to make that happen.
Q: How do you think blockchain technology will revolutionize the way we live, work and do business in the near future?
At the highest level, blockchain technology has the potential to evolve most of our day-to-day processes and the way we fundamentally do business with institutions and each other. From DeFi to supply chain solutions to digital identity and keeping records in a public ledger, the use cases for blockchain are limitless — and we’ve only just begun to scratch the surface. Many people consider a crypto wallet to be “your passport to the internet”. Looking ahead, we see passports, licenses, car keys, voter registration, art collections, loans, deeds, educational credentials, and membership cards all in one place—seamlessly accessible, interoperable, and secured by cryptography.
Q: What are some of the main advantages of a decentralized internet compared to a centralized one?
A decentralized internet reduces intermediaries and allows direct peer-to-peer transactions, making it trustworthy, secure and fairer. The current centralized model is siled and full of institutional gatekeepers who monetize user information. A decentralized internet gives users back ownership of content, identity and data. A blockchain-enabled internet is globally accessible and transparent to anyone who wants to participate.
Q: What do you think are some of the biggest challenges currently hindering global blockchain adoption?
There are currently too many friction points in the blockchain onboarding process in terms of scalability, security and usability. Nonetheless, since 2017 our work has enabled new applications that reduce complexity and provide a better user interface, bringing blockchain-enabled apps to millions of new users. There is also a major PR issue when it comes to crypto, NFTs and the mainstream media. All cryptos are blockchains, but not all blockchains are cryptos. Our task as Web3 leaders is to show this difference and to reshape public opinion.
Q: QuickNode is a complete end-to-end blockchain development platform. How does this help developers shape the future of the internet with blockchain at its core?
QuickNode gives blockchain developers everything they need to build and scale their projects right out of the box. We provide all the tools and resources builders need to create incredible products – all backed by an unparalleled, globally balanced infrastructure, guaranteed reliability and security, an easy-to-use interface, and end-to-end customer support. Essentially, QuickNode is the blockchain utility that builds roads and runs power lines to make the modern internet navigable. When making coffee, you don’t worry about where the electricity and water come from, only about the tasty and invigorating end product. QuickNode keeps the lights on while Web3 developers focus on building beautiful products and delighting users.
Q: What do you think are the key elements required to build a successful blockchain ecosystem?
A successful blockchain ecosystem requires user-friendly onramps, a dedicated community of developers, innovative and user-centric projects, a supportive regulatory environment, and reliable infrastructure. Blockchain-enabled internet is an improvement over the current system, so we need to ensure all the building blocks are in place for longevity.
Q: How do you plan to promote blockchain education and awareness to a broader global audience?
We wholeheartedly believe in empowering people to create the future of the internet. In addition to providing resources for blockchain developers, QuickNode is home to some of the biggest minds in the blockchain space. Our team of blockchain experts have created hundreds of guides, documentation, videos, and webinars. We also frequently attend global blockchain events and hacker houses to lead workshops and share resources. We even hosted our own event in Miami for the community last year – Nodevember – and we have a lot more in the works this year stemming from our recent Series B fundraiser.
Q: Can you discuss the role of smart contracts in blockchain adoption and what are some of the current limitations?
Smart contracts play a critical role in enabling blockchain adoption by automating the execution of contract terms and reducing the need for intermediaries. Transactions in the decentralized internet are based on an intelligent contract infrastructure. Current limitations include the need for greater standardization and scalability. We must also emphasize making smart contracts more accessible for the average user.
Q: What’s next for QuickNode? Can you share your company’s plans for the near future and give the readers a little insight into the QuickNode roadmap for 2023?
We’re expanding in every direction, doubling down on our platform’s achievements (speed, reliability, efficiency) and listening to our customers (new and old) about their challenges and what pain points they need to solve next. We also plan to expand our educational resources and empower more developers through content (written, video, and in person). Ultimately, the goal is to make blockchain data more accessible and easier to understand, allowing anyone to query on-chain data or create literally anything with that data. You provide the idea, we provide the ingredients to help you put it together and bring it to life!
Blockchain technology has the potential to change the way people live, work and do business in the near future. From creating a trusted, secure, and fairer decentralized internet to automating contract execution with smart contracts, the use cases for blockchain are limitless. However, the challenges of global adoption, scalability, security, and ease of use remain, and having a reliable infrastructure, a dedicated developer community, and a supportive regulatory environment is critical to building a successful blockchain ecosystem.
QuickNode is a prime example of a company that provides the tools and resources for developers to create innovative and user-centric blockchain projects. More information about the company and its activities can be found on the QuickNode website.
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