According to a new report made by Chainalysis, the traditional financial market is helping make crypto mainstream. Several companies have been embracing blockchain to enhance their services and offer new economic solutions for the masses.
Grayscale, BlackRock, and Fidelity are some of the most prominent names cited by the report. Both are providing Exchange-Traded Products (ETP) by offering Bitcoin (BTC), Ether (ETH) and other interesting digital currencies.
Although companies are educating their audiences and making interesting marketing strategies to make things possible, there is one missing piece behind all this: what could make the Web3 developer market more attractive to programmers and companies alike? Even though it has certainly gained some projection throughout the users, some developers are still reluctant to it.
Low-code/No-code: A Possible Solution
Programming languages such as Solidity and Rust can be really hard to learn, even among seasoned developers. However, some companies are building specific solutions for those who wish to embrace blockchain technology, but need a substantial kickstarter to make things happen.
OpenZeppelin is a company focused on low-scale programming: a bunch of prebuilt, verified smart contracts are available for developers, as long as they have some knowledge in Solidity. It isn’t required to be extremely proficient in it, though.
The same applies to Thunkable: for a price, you can develop blockchain products based on a no-code environment, reasonably easy to use and intuitive. Chainlink also provides plenty of tools and APIs to be integrated into low-code platforms, making development substantially easier.
Intuitive tools and specialized platforms can be a great start for those who wish to enter the Web3 developer market without making critical errors. Much can be learned through the work made by others and, as long as the professional is qualified for it, some improvements can be applied.
Education for the Web3 Developer Market
Coursera, edX and Udemy have been selling lots of programming courses throughout the years, but things are becoming more popular inside universities as well. Cambridge, Imperial College of London, Stanford, Tsinghua, University of Tokyo and MIT are some examples of educational institutions that are embracing crypto.
Online and offline communities are essential for building blockchain products and solutions for both centralized and decentralized ecosystems. Everyone must understand that, even though blockchain is a complex universe to be unraveled, there are countless possibilities to improve everyone’s lives thanks to it.
Robust and Transparent Legislation
Some developers are reluctant to learn blockchain programming because of legislative instabilities. This problem is felt in the USA, since two of the most important regulators, the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) haven’t been able to reach an understanding about the matter.
Due to its decentralized nature, blockchain technology can be seen by authorities in a variety of ways, which leads to misinterpretation and confusion. However, the Brazilian and the European ones are both aiming to build a cross-border, integrated environment according to everyone’s best interests.
Once these uncertainties are solved, developers will be able to focus their efforts in learning programming languages specifically designed for blockchain-based software. Every business needs a strong regulatory framework in order to thrive and protect their users’ funds.
A continuous, collaborative work
Centralized and decentralized institutions are working along to provide the most innovative and easy-to-use financial products for its customers. While the centralized ones are most focused on User Experience (UX), User Interface (UI) and Open Finance, the latter tries to build fast, robust and secure currencies and financial services.
One does not reject the other: in fact, both can coexist in great harmony. Most nations are actively working to ensure that cryptocurrencies circulate freely but under objective control to protect not only businesses but also end consumers.
