ArcBlock - some views on broad Blockchain trends, and what this means for ABT

ARCBLOCK’s main site says that they are “a platform and an ecosystem for building and deploying decentralized blockchain applications.” The big deal about all this is that with the rapid mainstream (consumers/corporates/govts) recognition of the value of blockchain tech, a lot of traditional processes or platforms..everything from your grocery shopping to banking/insurance transactions, to the way companies secure their supply chains and conduct their corporate communications and storage of databases, to the way ppl use social platforms…EVERYTHING that involves entity-to-entity interactions and requires secure/trustless info storage or execution, will slowly have armies of blockchain developers fighting to gain market shares in that myriad band of functional segments.

And developers and investors will come to realise that heck, while decentralised in tech, there needs to be some consensus among the community on the types of protocol/platform to build these Dapps on, so that inter-operability between smart contracts in different Dapps can be maximised and systems can actually communicate (e.g., ur insurer Dapp talking to ur Bank Dapp to process payment). This communication and inherent synergy, to me, is actually the biggest part of the unlocked potential of blockchain tech, in terms of the positive spillovers it can bring to the populace.