For years, tribalism has plagued the blockchain industry. Developers adhere to some agreed protocols and protect the technologies they use, regardless of restrictions. These deeply entrenched divisions slow the innovation needed to expand the blockchain for future adoption.
The corporate marketplace is just beginning to understand the blockchain promise, and it will be difficult to fulfill that promise before the blockchains can communicate and cooperate with each other. To achieve this, developers, companies, and hobbyists need to be able to use every platform without attaching to it, simply because the platform developers are not cooperating.
Blockchain can bring transparency, security, new incentive models, and data ownership to the world at a time when these features are badly needed. The COVID-19 pandemic revealed the extent to which supply chains are fragmented, and how difficult it is to coordinate incentives from industry so that it can act quickly in crises.
According to the World Economic Forum:
“This particular challenge is not only a technical challenge, but also a challenge in management, ownership of data and business models in how to encourage ecosystem stakeholders to work together.”
This problem is a blockchain that can be solved. When we need a transparent and verifiable management and technology consensus, we need a block chain.
It has been 11 years since Bitcoin White Paper was published, yet the blockchain industry was not ready when the world desperately needed us. to what? Synthetic barriers such as platform and tribal blocking created unnecessary friction, stifled the core of this movement and left us candid when blockchain solutions became necessary.
One of the most important lessons in 2020 is that the world needs us to work together – to work together to solve a problem greater than our hideouts. While some blockchain-based solutions to tackle the epidemic have emerged, there has been no collective response. For the time being, anyway.
The epidemic is not over, and there will be events in the future that will show us other critical flaws in the systems on which the world depends. The question is, will the different tribes be ready to deal with the big and important tasks, or will we be in our niches, contented with discussions of philosophical trivialities? If we want to implement blockchain as a big and important transfer technology we must seriously talk about interoperability.
The first step forward
Interoperability is the ability of multiple blockchains – with their differing opinions on consensus models and resource management – to communicate with one another. This means that the developer can enter data in one series and influence another series.
In the case of smart contract blocks, which are necessary to solve large complex problems, developers can choose from a number of options: proof of delegated effort or proof of work, public or private, permitted or not, C ++ or solvency, etc. Options are usually good things if it is difficult to know how to make a good choice, or if making the wrong choice can lead to a very expensive mistake. Many of these options are artificially linked to one another and end up making hard-to-break platform locks.
It should not be. The symbol must be a symbol. The ability to distribute it to the platform is an agreement between the platform and the developer. Basically, if you are accustomed or familiar with coding in hardness or nuances of Ethereum's smart contracts, you won't have to sacrifice your specific preferences to be part of another blockchain chain community. Ensuring interoperability means empowering developers who haven't embraced your favorite platform, and Block.one is committed to encouraging our community to do so.
Our community, our developers, and our best, smartest have challenged us to empower other platform developers. Our developers have encouraged us to explore the Ethereum World Cup from inside to outside. As a result, public blockchains like Telos have begun to support Ethereum applications.
This is a necessary and important first step. Ethereum developers can use the tools and languages they are used to: they can create the same EVM byte code distributed on the Ethereum blockchain and put it on the EOSIO blockchain without any problems. Your customers who use Web 3.0 can simply switch to a different group of API suppliers, as if it were another blockchain chain based on Ethereum. For clarity, the ability of Ethereum developers to take advantage of EOSIO is just one example.