Published
5 years ago on
August 31, 2018
“This will address the gaps that have prevented would-be blockchain solutions from coming to fruition, and considerably speed up the adoption of blockchain technology in doing so. By providing a standardized “backbone†for smart contracts (which not every application developer knows how to program from scratch), and a “sandbox†in which DLT applications can be taken from their alpha version to their launch, Digital Asset and Google are giving blockchain developers everything that they always needed, but could not easily obtain.â€It’s going to accelerate the process that needs to take place before we can see a fully working blockchain model enter the mainstream, with few glitches, working within a seamless environment. All of this too, has implications for ‘the internet’ as a product too:
“Key developments would ensue in the coming years to validate the Internet as a technology suited for mainstream users, and make it easier to use. For example, major corporations started to build websites, and Microsoft included the Internet Explorer web browser in releases of Windows 95 as an easy way to use the Internet. Similarly, Google’s movement towards blockchain has the dual effect of providing both their endorsement of the technology in and of itself, and making blockchain technology easier to use through its partnership with Digital Assets. In conclusion, Google’s involvement with blockchain will ultimately be a step forward for distributed ledger technologies. Its partnership with Digital Assets will not single-handedly bring blockchain into the mainstream; though it will be a major milestone along the way.â€The blockchain is a movement that can’t be stopped. Google had to decide, are they in, or are they out? By being in, big things now exist on the horizon, not just for Google within the blockchain industry, but for blockchain within the rest of the world too. References LSE Report
