How Can We See Mass Adoption Of Blockchain?
There are so many promising projects and ideas that decentralized and blockchain technology has to offer. We all know it is the way of the future, so how can we get this tech into more people’s hands faster?
In order to understand why people are reluctant to use this new and often better technology, we are going to need a different lens to look through at new technologies in order to better understand how they might fit into someone’s ecosystem. I suggest we use a little bit of evolutionary theory. This theory is well established around the principals of why something survives, why it does not, and why or how something flourishes.
Why apply this to emerging technology? I think the better question is, why haven’t we applied this to emerging technology? Understanding the driving forces that either prop up or suppress a technology will guide our understanding of how we can shift our approach in order to best support what we believe will advance our society.
Let’s look at some of the types of selection that can occur in an ecosystem. These theories explain why plant and animal populations may or may not have developed certain features, as well as why we get an Apple or Android product.
Within evolution, this is where a moderate trait is perpetuated because the extremes are not advantageous.
Let’s create an example of this in the technological world. Our two extremes are blockchain and a server. Neither extreme is ideal because blockchain has the trouble of usability and lack of widespread adoption, and servers are not ideal because its centralized nature it creates problems of a single point of failure. A stabilizing ‘trait’ would be to have a technology that utilizes the security of blockchain and the usability of a server. This hybrid is known as Celestial Computing.
Directional selection occurs when one trait is favored over the other.
In the world of tech, this can be seen in the shift from storing ones data on their home PC to using cloud storage. Cloud storage offered more advantages and less risk than having all of the data on one drive in a home PC, thus this became the predominant method of storing personal data.
This type of selection occurs when the two extremes are more favorable than the middle trait.
In technology this can be represented by needing either a human or AI to be able to recognize something and mark it. The ‘middle’ of using a computer program or traditional code is disadvantageous because it lacks the flexibility to recognize anything outside of what is specifically coded into it. Therefore either using a trained human or trained AI is more advantageous.
Now That We Understand The Fundamental Concept Of Selection Theory, Why Has Decentralized Tech Had Difficulty In Adoption?
There are a few ways to answer this question. The first, and possibly most prominent is that blockchain technology in particular has been introduced in a disruptive manner. Blockchain offers a lot to society in many spheres of society, the most prominent to have been explored is in the financial sector. The difficulty for most people has likely been that in order to utilize what DeFi has to offer, they have to adopt a completely new system of finance, learning new ways of moving their assets, and either balancing the traditional with the emerging systems, or abandoning one for the other. This is not conducive to mass adoption because the DeFi space is complex and not user friendly; traditional forms of fanance have the upper hand in that it is well established and familiar to the majority of people. This is inherently a disruptive means of introducing DeFi, and thus it is seeing resistance in adoption despite all of its advantages
A second reason why decentralized tech is seeing resistance in adoption is that when it is introduced by means of directional selection a bridge between the traditional and emerging technologies has been poorly built. As a result people have to learn two systems, which means twice as much time, energy and resources to do the same things they could have done with just one system. A side note to keep in mind, is that humans are reluctant to change because change means effort, and humans have a strong tendency for the path of least resistance. So when this comes to introducing new technology or ways of doing something, it will have the best chance if presented in a way that makes the user feel like it is little to no work to switch over to the new system.
Our approach is to use stabilizing selection within the process of popularizing the advancements of the decentralized ecosystem. Although disruption and directional selection are going to be used in some circumstances, our goal is to go about the easiest route whenever possible. We want to optimize our tech solutions to ease users to this new advantagious system. We also want to help empower other companies and projects do the same so that all of the great ideas and solutions out there can reach as many people as possible. In essence, we want to build that bridge between the traditional and emerging systems to allow an ease of transition. After all, the less work it takes, the more likely someone is to use it, and this is the best bet to get this incredible technology into everyone’s hands.
In conclusion, fighting the established system is a difficult road to take when trying to establish something new. Complementing what is already there will offer less resistance. In addition, by not competing with what is established gives a greater chance of being overlooked so that growth and development is not hindered. Our goal is to lay down a foundation that gives the greatest chance of success to the decentralized ecosystem so that it can grow into all facets of life. We believe the hurdles that would have to be overcome through other means is to costly and slow; decentralization offers so many wonderful things to society and we want to see it in the hands of as many people as possible as fast as possible in order that people’s lives may be happier and a little less stressful.