Blockchain’s Roadmap To Global Adoption Will Take Longer Than The Internet According To Ethereum Leader
Joe Lubin of Ethereum is looking ahead in terms of blockchain development. He recently discussed his position that blockchain may take longer to develop then the internet because it is “much more complicated.”
As for digital ledger technology (DLT), it may be well on its way to permeating “society more than the internet” due to the decentralized qualities, especially Web 3.0.
However, Lubin added that blockchain’s projects,
“will enable people to build more things that will come in handy again. That’s how the web has developed. It will probably take a little longer, because it is much more complicated. Also, because we work on topics such as digital money, Blockchain will permeate society more than the Internet. Everything will be networked in a Web3.”
Lubin also participated in an interview, in which he covered ConsenSys, the Ethereum-based startup development firm, and how it was developed before Ethereum’s release for building and developing tools and infrastructure enabling an ethereum-functional ecosystem.
“We do many things, but we are not interested in controlling the ecosystem. We are interested in programming the ecosystem.”
The interview then asked Lubin concerning the dynamics of the current internet and how the new web could transform it. Lubin declined to compare ConsenSys and other platforms such as Google and Facebook. Rather, he pointed to “IBM and Microsoft, Accenture and Deloitte” as platforms that may be able to push for centralization of the blockchain.
Lubin also touched upon today’s business model and how it contradicts the blockchain and promotes a “self-determined, sovereign identity.” A few months ago, interestingly enough, Lubin precited that the world economy is changing into a decentralized system that is ideal for cryptocurrencies.