Web3 needs its ‘WordPress moment’ to speed up positive disruption

cointelegraph.com:

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 gave birth to potential use cases for blockchain both within and beyond the finance 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 myriad decentralized applications (DApps). Over the years, blockchain-based apps and services have paved the way for disruption in many sectors, with examples like instant cross-border payments, digital identity, play-to-earn games, nonfungible tokens (NFTs) and even supply chain management systems.

The developer ecosystem saw an uptick with the introduction of new and different blockchains, irrespective of crypto market conditions at any given time. A recent report by 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 disruption potential of blockchain technology. With its open-source availability, absolute transparency and ever-growing list of different networks, blockchain could potentially disrupt the world, starting with the most traditional industries that rely on manual processes, such as identity authorization and supply chain management.

Envisioning a better world with blockchain-based solutions brings joy to board meetings at any company