Unlocking the Potential: How Blockchain is Yet to Fulfill Its Greatest Promise
In the past ten years, the emergence of the blockchain technology has been marked with undeniable proof of increased decentralization, disintermediation, and transparency. However, this growth has been accompanied by massive bottlenecks with much of the data on public blockchain severed off from the grasp of the average users. Although blockchain technology is envisioned as an open ecosystem, it is still inaccessible to millions of people. On-chain analytic tools that could benefit decision making, as well as criminal investigations, are censored by either paywalls, high technicality or inordinate subscription fee structure. While the current scenario partly indicates the integration of Web3 technology in real-world instances, it also creates an exasperating asymmetry in the availability of information.
