ArcBlock ushering in Blockchain 3.0

ArcBlock, often described as a pioneer in Blockchain 3.0 technology, aims to become “the World’s first blockchain ecosystem for building and deploying decentralized applications” and bring blockchain to the mainstream user.

The team is building a comprehensive solution that will combine blockchain technology with cloud computing, and will work with the existing blockchain technologies so that developers can deploy decentralized applications with greater flexibility.

ArcBlock promises, will solve biggest issues that prevent the blockchain technology from gaining wider adoption: scalability, privacy, high transactional costs, and not being user-friendly.

Another major hurdle for developers who want to make apps on existing dApps platform is the lack of interoperability of blockchain platforms – devs are unable to combine the features of each blockchain together. Moreover, ArcBlock wants to make installation of dApps a breeze by eliminating current complex installation processes.

The Open Chain Access Protocol being developed by ArcBlock, will give developers the flexibility to communicate and connect with different blockchains (via the ArcBlock blocklet, a kind of a bridge to any other API-enabled software) and will also prevent them from being “locked in” on any one platform.

Thus, a developer using ArcBlock will be able to combine features of various blockchain platforms and build them into their application.

ArcBlock will come with out-of-the-box functionality to host decentralized apps on cloud computing services.

Progress and roadmap

The team has seen one of the most successful ICO private sales that netted more than 1 million ETH. Recently, the ICO has reached its hard cap of 12,500 ETH and 6 million CyberMiles Tokens (CMT).

This outcome owes its success to ArcBlock’s community and supporters from around the world,” Robert Mao, C.E.O. of ArcBlock, said. “The process of our token sale event is a reflection of a shared vision toward decentralization.”

On its website, ArcBlock has outlined a 2018 roadmap, token distribution schedule, and development plan.

Most notably, the team plans to launch the first dApp built on ArcBlock in Q2 2018; in Q3 – launch its tokens on various exchanges; and in Q4 – launch full functionality of the ArcBlock platform for clients and partners, followed by opening it to the general public.

Ideas on paper are easy, implementation is the key to success. The ArcBlock team members have experience in traditional software development (Microsoft and others), but does not seem to have been involved in crypto project before.

Nevertheless, we wish them success, and we’ll be watching their progress in the months to come.

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