Web3 needs its “WordPress moment” to accelerate positive disruption

Blockchain development has come a long way since the introduction of Bitcoin (BTC), the leading cryptocurrency and the first successful application of blockchain technology. The introduction of smart contracts by the Ethereum blockchain led to potential blockchain use cases both within and outside of the financial world.

Thanks to the fast, immutable and decentralized nature of blockchain, independent developers and industry giants from all sectors flocked to understand the dynamics of this new technology by creating countless decentralized applications (DApps). Over the years, blockchain-based apps and services have paved the way for disruption in many sectors, with examples such as instant cross-border payments, digital identity, games to earn money, non-fungible tokens (NFTs) and even supply chain management systems.

The developer ecosystem saw an upswing with the introduction of new and different blockchains, regardless of crypto market conditions at any given time. A recent report from Electric Capital revealed that full-time Web3 developers at GitHub increased by over 15% between December 2021 and December 2022, coinciding with arguably the worst crypto meltdowns of the past year.

Source: Electric Capital

Despite all the progress, the developer ecosystem has barely scratched the surface of the disruptive potential of blockchain technology. With its open source availability, absolute transparency and ever-growing list of different networks, blockchain has the potential to disrupt the world, starting with the most traditional industries that rely on manual processes, such as identity authorization and supply chain management.

Friction between vision and execution

Envisioning a better world with blockchain-based solutions brings joy to board meetings at any company’s headquarters. However, taking that top-level decision to the development floor is far more difficult than coming up with a new use case for blockchain. There is still an undeniable friction between the conceptual phase of a new DApp that can disrupt an industry and starting to write the codes for it.

Building an app or service on the blockchain simply means that the product must read or write from the actual blockchain network. Like any other network, blockchain requires server hosting to be operational. Even after finding a reliable blockchain hosting cloud provider, the development team still needs to keep the blockchain in sync.

After the initial sync with the network, each new hard fork – a significant upgrade to the blockchain – will require developers to upgrade their client app to a newer version. In addition, since each new block adds new data to the blockchain, DApp developers must ensure that the hardware meets the storage requirements of self-powered deployments.

All in all, the traditional way of blockchain development can easily become a costly endeavor, running up to six figures annually. Spending so much time and resources building a technology stack and procurement infrastructure is less than ideal for Web3 project teams, who need minimal friction between the idea and actually developing DApps instead.

Web3 Needs Its “WordPress Moment”

Web3 developers need a solution that encapsulates the backend of blockchain technology in the same way that services like WordPress facilitate building content platforms. QuickNode, a leading end-to-end blockchain development platform, aims to help Web3 developers by making it easy for projects to launch instantly, start building, and scale seamlessly.

Dmitry Shklovsky, QuickNode’s co-founder and co-CEO, said:

“At the highest level, blockchain technology has the potential to evolve most of our daily processes and how we fundamentally transact with institutions and each other. From DeFi to supply chain solutions to digital identity and public ledgers, the use cases for blockchain are limitless – and we only have just beginning to scratch the surface.”

Shklovsky highlighted that many people in the Web3 space consider crypto wallets as their passport to the Internet, and the use cases will only become more diverse as blockchain development becomes easier: “Looking ahead, we see passports, licenses, car keys, voter registration, art collection, loans, deeds , educational certifications and membership cards all in one place – seamlessly accessible, interoperable and secured with cryptography.”

As a blockchain infrastructure provider, QuickNode allows Web3 builders fast and scalable access to 1 blockchain network, including Ethereum, Bitcoin, Polygon and Solana. The low latency, reliability, security, 24/7 support and scalability across all major blockchains have helped QuickNode become the top blockchain provider for industry giants such as Adobe, Twitter, Coinbase, OpenSea, Chainlink and Nansen.

Looking at any traditional sector through the lens of blockchain shows enormous potential for positive disruption. The broken ad revenue sharing model on the internet needs more transparency, just as ethical and reliable product sourcing is needed in retail.

The answer lies in blockchain, and QuickNode aims to support the growing community of Web3 developers by simplifying execution and enabling further use with interoperability and scalability. “We’ve only seen a fraction of blockchain technology adoption,” the team reiterated, adding, “The future is bright, and QuickNode will always support Web3 developers building for the present and decades to come.”