Ecosystem

As of today, blockchain technologies are used by a limited number of companies, developers, and web3 enthusiasts. At the same time, the uses cases of such technologies are presently limited for a variety of reasons. Let’s have a look at the reasons why the ecosystem struggles with the challenge of adopting blockchain technology on a broader scale.

Blockchains are – by nature – public. This poses great challenges to web services seeking to implement blockchain technology. Without privacy, web applications cannot fully protect the data of their users, making them reluctant to adopt such technologies.

Despite offering compelling benefits, such as running business logic on a globally consistent platform, the lack of privacy is a fundamental barrier preventing the widespread adoption of blockchains.

Many existing blockchains seek to provide solutions to problems that are neither of importance to end users nor companies outside of the blockchain ecosystem. Instead, solutions within the blockchain sphere are being developed in search of problems – not the other way around. Real-world adoption can only happen on a large scale when blockchain technologies are developed as solutions towards real-life problems. For this to happen, access to such technologies for companies and end users must be made as seamless – even joyful – as possible.

Over the next decades, web services will transform radically. Instead of being impersonalized applications living in a user’s browser, web services will evolve towards truly personal experiences that become part of the way we experience everyday life. In-home smart assistants reaching half a billion of connected devises are only one example of the progress within this area.

Instead of focusing on the unrealistic objective of replacing the network that is being used by billions every day, Aleo is designed to seamlessly integrate with the web. That is because it is not the design of the internet that is the issue but the way web services are operating on top of the web.