Blockchain technology offers a playground for software and decentralized application (DApp) development. Decentralized applications come with multiple perks, most notably the autonomous operation for which intermediaries are no longer needed. In this growing sector, the number of DApps is constantly increasing, but do these platforms truly serve everyday users? If not, how can the development of DApps and use cases reach their untapped potential?
In the big picture, more decentralized applications with actual use cases are needed for the blockchain industry to bloom fully. Unfortunately, many DApp development projects end up revolving around speculative investment, failing to bring to the table applications that could play a larger role in people’s lives. One of the key reasons is the lack of secure access to data outside of the blockchain a DApp is built upon. Projects are simply limited by what can be achieved using data that is currently available on-chain.
The development potential of DApps is closely intertwined with adoption and scalability. According to Flare founder and CEO Hugo Philion:
“The blockchain industry has defined a number of key technical challenges it needs to tackle to achieve greater adoption. One area we believe has been overlooked is scaling the utility capabilities of blockchain.”
What’s more, Philion adds that for the sector to grow further, it “needs to offer more applications that are more relevant to more people”. This is exactly where Flare steps forward, as it “enables developers to build more useful applications through the on-chain use of a greater range of securely-acquired data both from blockchains and the internet.”
It’s all about data. To unleash the potential of much greater real-world
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