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Interoperability & Multi-Chain as a Service (S01E13)

$20 billion a year expected on blockchain technical services by 2024. Why interoperability matters and how can multi-chain-as-a-service help?

$20 billion a year expected on blockchain technical services by 2024. Why interoperability matters and how can multi-chain-as-a-service help?

Interoperability & Multi-Chain as a Service hosted by Vivi Lin (S01E13)

It is expected that by 2024 blockchain technical services will account for $20 billion dollars annually (1) as mass adoption continues and the transition from Web2 to Web3 accelerates. The transition is anticipated to include many bottle necks including network congestion and cross-chain bridging. Custom bridges between chains pose security risks and are prime targets for attacks e.g. hackers made off with $540M worth of Ethereum (2) most recently. Join Vivi Lin and Aaron Ting of  @Octopus Network   the team responsible for substrate inter-blockchain communication (IBC) pallet (3) in collaboration with  @Cosmos   to explore multi-chain-as-a-service built on  @NEAR  direct bridging to solve usability challenges with wrapped assets, and novel applications in gaming and the metaverse.

#web3#multichain#bridge#cosmos

# About Better Worlds f]
Better Worlds is a communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.

(1) https://earthweb.com/blockchain-statistics/
(2) https://www.wired.com/story/blockchain-network-bridge-hacks/
(3) https://github.com/octopus-network/substrate-ibc

# About Better Worlds
Better Worlds is a communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.

Paul Michael Muts

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We believe that the digital transformation is revolutionizing the very nature of the way we live. Our mission is to explore how the innovations of Web3 can help sustain the natural world and build greater efficiencies to grow our shared prosperity and human consciousness. We believe in creating a collaborative, inclusive, and sustainable community to explore the potential of innovation to contribute to achieving bioregional and global prosperity across three worlds: the natural world, the human-made world, and emerging virtual worlds.

Better Worlds is a 501.c3 non-profit communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.