Spotlight On at London Blockchain Conference 2023: AlphaDAPP, the box opener of blockchain
On the business stage of the London Blockchain Conference’s second day, a diverse audience listened as a gentleman announced the launch of a product that seeks to be the blockchain’s book opener.
That man was VX Technologies’ Justin Pauly. The product he is talking about is AlphaDAPP.
If you’re wondering what it means to be a can opener for anything but cans, you probably have this in common with most of the audience. But as Pauly described the company’s brand new flagship product, the comparison began to make a lot of sense.
“AlphaDAPP is a foundational product that allows anyone with a dataset to put data on the chain, distribute that data and then have peer-to-peer verification,” Pauly explained.
It makes sense so far, but what Pauly described is the basis for practically every interaction with the blockchain you could imagine. In other words, it is hardly groundbreaking.
Well, none of them were can openers: people have been opening their soup cans for centuries, historically using a hammer and chisel to do it. But the revolution came with the can opener, a tool that gives the world access to the mysterious glories of the steel box for a fraction of the effort required in the old days.
So is the ambition of AlphaDAPP: the product allows companies to build dApps that use the blockchain with minimal fuss – and without coding.
The app aims to be a key pillar supporting the mass adoption of blockchain. Pauly points out that we have all failed blockchain to some extent by not making the development of apps that interact with blockchain as easy as possible. It is doomed to expect businesses to change their behavior to accommodate blockchain technology. What’s needed is someone to facilitate that fundamental first step – what Pauly refers to as the “footbridge” – and that’s what AlphaDAPP hopes to be.
The presentation was oriented around the example of certification management: for example, a licensing institution that wants to take its data set (in this case, details of licensees and their licenses) and have it distributed and available so that third parties can immediately verify the authenticity of a license. This would not be possible unless all parties who need to be able to verify a license were in possession of the entire original data set (despite the contexts being constantly changing) without having the original data set. However, that problem goes away if it is stored on the blockchain. Licensees will have digital versions of their license in a wallet, while verifiers only need to scan that license to verify if a corresponding record exists on the blockchain.
Licensing is a particularly good example of AlphaDAPP’s offerings because educational institutions are typically poorly resourced to make major technological changes and may have little motivation to radically change behavior.
Enter AlphaDAPP: as the footbridge to the blockchain, the minimum investment required to use the blockchain is as low as ever. Pauly enthusiastically told the audience about the amazed reactions he gets from clients when he and his team can build a working application in a day – a far cry from the 6-8 month wait time associated with more typical solutions.
The key value proposition of AlphaDAPP is that for businesses looking to convert their data into distributed, verifiable datasets, all they need to do is bring the dataset itself. AlphaDAPP takes care of the rest – in a relative moment.
As Pauly said:
“Getting verifiable data is not new. Getting it done in a day is.”
Watch: Magic Dapp and Alpha Dapp with Justin Pauly of VX Technologies
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