Blockchain, smart-contracts and dApp technology are becoming increasingly important and prominent in professional business scenarios. Observers of the space herald the arrival of blockchain as one of the key instruments of the fourth industrial revolution. Why then, given this promising outlook, has mass adoption of blockchain and dApps not yet materialized?
The answer is simple. For the most part, the technology is too obtuse, too alien and the UX too poor for the average individual or company to adopt.
To use a even a simple dApp today, an individual must first learn how to buy and store crypto assets, actively manage wallet apps, navigate unfamiliar technology and pay fees just to interact with a platform or product. On top of that, when all is said and done, a user must safely store their crypto and ensure they do not fall prey to the many scams attempting to intercept and steal their digital assets.
Imagine any of the current market leading web applications such as Spotify, Netflix, HBO or Disney asking users to fumble with obscure and complex software before accessing their apps and then asking them to pay fees just to use the platform. It would be simply untenable if their end-goal mass adoption for their product.
Thankfully, with VeChain’s recent announcement of Sync 2, another significant step towards mass adoption has been made, providing massive simplification of crypto asset management and dApp usage.
Sync 2 - How and Why?
How and why, then, does Sync 2 improve the current market situation? What makes Sync 2 alongside VeChainThor the superior choice for mainstream dApp mass adoption?
Put simply; Sync 2 removes the majority of the jargon, difficulty and ultimately, the ‘blockchain-ness’ of using blockchain. Sync 2 allows users to experience dApps in the same way as web-based applications, thereby significantly lowering the barrier to entry.
Example: A user visits a blockchain-based URL and interacts with the page. They have neither Sync 2 installed nor own any crypto.
Outcome: With Sync 2, the wallet is generated in response to their attempt to perform an action via a ‘single page application’ (SPA). They now have a wallet without having to seek one out. In addition, if dApp creators integrate VeChain’s native fee delegation protocol, the transaction fees resulting from their action are paid for by the dApp owner. In this model, the user needs no experience or knowledge of blockchain or its terminology to make use of a dApp or blockchain product.
Try it out!
Lead Sync 2 developer, Qian Bin, has built a simple testnet example of Sync 2 in action. Try if for yourself!
First: Visit the testnet faucet to grab some free VET and VTHO: https://faucet.vecha.in/
Second: Buy Qian a coffee with your testnet VET:
https://codepen.io/qianbin/pen/YzGBeOB
You can see that Sync 2 automatically handles wallet creation. In addition, in a live dApp, the user would not have to acknowledge transaction costs at all, instead having them paid on their behalf by the dApp owner.
Use case 1: Gaming/NFT Environment
In use case 1, we can envisage application of Sync 2 within VIMworld, a CREAM-owned collectible & gaming platform. This and other types of NFT platform provide solid examples of applications that can significantly benefit from the implementation of this technology.
A user wishes to buy a VIM and visits the VIMworld website to do so. Sync 2 can create a wallet on behalf of the user. Using VeChain’s unique ‘Fee Delegation as a Service’ (DaaS) protocol, this individual can pay in fiat to purchase EHrT which, to a layman, appears to function like any of the many in-game currencies that exist in the traditional gaming world.
The user can now purchase a VIM of their choice, with the transaction fees silently handled in the background.
This user can freely and easily partake in VIMworld’s or any other NFT marketplace, buying or purchasing assets/power ups/cosmetics for their VIM/NFT. New community members will be able to enjoy games and interact with the platform without having any prior experience whatsoever, as any blockchain actions can now be handled seamlessly on the back-end.
With Sync 2, online blockchain-based gaming becomes as intuitive and as simple as using any traditional PC game with an in-game market, tokens or other features that tens of millions of gamers are perfectly familiar with today.
Use case 2: Sustainability Application
In use case 2, we can envisage an application surrounding sustainability/incentivised green behavior as with VeChain’s Low Carbon Ecosystem project. In this application, users are awarded for their green behavior, creating a monetary incentive to act in a manner that benefits the environment and reduces carbon emissions.
An example currently in development by DNV GL is an application to use a bicycle to ride to work, thus reducing carbon emissions. Users can record and upload their data from their journey to a smart contract that can calculate the users carbon offset, awarding them with Carbon Credits that can be redeemed for incentives/products or services. These actions, despite being on blockchain, can be carried out without a user having to navigate the many pitfalls of current dApp technology. A dApp becomes as familiar as any traditional application.
With Sync 2, the transformative power of blockchain technology becomes readily available for everyday use regardless of an individual’s technical knowledge.
A blockchain-based future
With leaders of the fledgling blockchain industry beginning to emerge, there is one simple factor above all that matters most – user experience. If blockchain technology is not simple and effective to use, it will not be utilized in a widespread manner by the masses.
VeChain has always strived to ensure barriers to entry are minimized. From native fee delegation to a significantly enhanced transaction model, ToolChain and to Sync2 – VeChain continues to prioritize the needs of the end-user and build products and services accordingly.
In the future, we are confident we will witness the rise of trillion dollar protocols. We here at CREAM fully expect VeChain, with its laser focus on mass adoption and building tools and services that open the technology up to the masses to become one such protocol.
