Bitcoin Global News (BGN)
April 17, 2019 -- ADVFN Crypto NewsWire -- What is the ideal path
to widespread adoption of cryptocurrencies and blockchain networks?
This particular question will likely hold primary importance in the
blockchain industry for the next few years at least. In general,
for now, the industry appears to be split between three camps which
either support industry customers above retail customers or vice
versa, or a hybrid of both.
All three of these groups believe
they have the answer to us finally reaching that infamous point in
time called “widespread adoption.” The new partnership between the
Enterprise Ethereum Alliance and Microsoft falls into the first
category and yet, it just might influence the market in such a way
that even retail customers end up benefiting from it.
Ask yourself for a moment: what are
the stumbling blocks for a business related to adopting and
actively using crypto tokens for their own needs? While likely more
than one issue exists that can fit into this category, there is
one, in particular, that arguably rises to the top of the
pack.
Just because there are currently
thousands of projects out there with native crypto tokens does not
mean that these projects actually fit the needs that businesses
currently have. Furthermore, existing token creation frameworks
like the standards that the Ethereum development community has
created are restrictive in their own ways.
Interestingly enough, instead of
simply creating another enterprise blockchain solution to answer
this problem and others like it, the partnership chose to take a
different direction. According to CoinDesk, the solution that the
EEA and Microsoft will offer is like a software development kit for
crypto tokens, for non-developers. While this may sound like
something that is not possible to implement, it’s easier to
understand when an overview of how it functions is
considered.
By connecting certain known use
cases of the blockchain to actual code related to their
implementation on GitHub, the solution allows businesspeople to
choose certain options that indicate what kind of token they need.
From here, developers see these options as coding requests and can
begin working on them.
CoinDesk quotes a source close to
the project as saying that the solution is very simple to use,
likening most of its’ functions to “dragging and dropping” certain
values. Still, as the project develops, expect issues to arise
related to how many use cases it can connect to its’ system and
still have it function efficiently, in addition to businesses that
require completely novel use cases.
By: BGN Editorial Staff