Blockchain Technology — Signed and Delivered By Forward Protocol
The blockchain space fell on hard times recently, which is no longer breaking news. Some find solace in the fact that this recession is not exclusive to the blockchain market, as other traditional markets have also endured prolonged periods of decline recently. For some, they forecasted these challenging times and prepared for them, while it caught others at the wrong time.
However, these periods of slow movements, retracements, and reduced enthusiasm provide the perfect opportunity to build, consolidate and position properly for the market’s next cycle.
The Forward Protocol project has always had lofty ambitions for our innovation. That is why we always remain dynamic to evolve our product to perfectly suit the market we are building for — a global economy running seamlessly on a blockchain framework.
Bear markets aside, we keep our eyes on the prize and remain bullish on our mission. We always had a clear plan and a timeline to achieve our goals, and so far, so good.
The Problems
Blockchain technology’s potential is limitless, and it already has many believers. Without some of the vulnerabilities that make users wary of exploring this technology, it would have more believers.
The limitations to blockchain adoption include -
- Lack of interoperability
- Low scalability
- High transaction costs
- High implementation barrier
- Shortage of professional talent
- Private and public key issues
- Integration limitations with legacy systems
- High energy consumption
- Security issues and criminal connections
- Lack of privacy
- Lack of awareness
Even with all its limitations, the crypto space continues to attract the attention of private users, institutional users, and states. Over 80% of central banks worldwide are pondering the possibility of creating their own cryptocurrency. Meanwhile, 74% of consumer products and manufacturing industries have expressed interest in blockchain adoption.
The Solution — Forward Protocol
Forward Protocol aims to build the ultimate blockchain adoption solution using a unique approach that resolves all the apparent problems currently limiting the popularity of this innovation. Our solution features a suite of smart contracts, applications, and services that cover every value transfer situation and allows users to control their level of blockchain exposure according to their needs.
There have been many attempts to resolve the blockchain adoption problem. However, not many have explored the Forward Protocol perspective.
The project is working with innovative blockchain solutions to deliver an all-inclusive package delivered through a user-friendly interface.
The Blockchain of Blockchains
Interoperability remains high on the list of conditions to achieve mass adoption. Siloed systems and the high fees attached to interacting with parallel systems reduce the attractiveness of blockchain technology.
Forward Protocol is building an EVM-compatible blockchain that seamlessly interacts with other blockchains running on the EVM framework. It also has RUST-based compatibility built into the system to allow it to communicate freely with even more blockchain systems. More integrations are also on the way to welcome more blockchain systems into an umbrella blockchain that interacts freely with others, effectively and efficiently.
Smart Contracts and Applications
Forward Protocol is building the WordPress for the blockchain through a framework of smart contracts and applications that work together to provide the ultimate user-friendly experience. The solution involves 5 fully customizable smart contracts and applications that accommodate the full spectrum of everything the blockchain offers.
Partnerships & Collaborations
Forward Protocol explores innovative collaboration opportunities to motivate and reward participation in blockchain systems.
Different blockchain projects excel at solving different shortcomings of the blockchain system. DeFi protocols are at an all-time high in popularity, and metaverse and Web3 innovations are also inspiring optimism among blockchain and traditional system enthusiasts.
Every new partner comes into the system with their customers, adding to the growing base of blockchain users that enjoy all the benefits of blockchain technology without all the traditional bottlenecks.
Forward Protocol’s willingness to work with startups that have already enjoyed significant success to leverage their network and experience is essential to our vision.
The Ultimate Goal
Forward Protocol is building the blockchain — simple. We believe our native innovations do a sufficient job of delivering on this vision. However, we are also excited to work with partners who share our vision to provide the full range of options to everyone that wants to explore the blockchain because that is our ultimate goal.
The Forward Protocol team is focused on delivering on our promise, and we look forward to the blockchain delivering on its potential. That goal is only achievable when we work together.
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About Forward Protocol — Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their blockchain applications without technical knowledge. Forward Protocol has elements of NFT, DeFi, Gamification, AI, ML and Social Tokens inbuilt that connect the value-driven economy. Applications and smart contracts from Forward Protocol can be deployed on any EVM compatible chains in one click. Forward Protocol is cross-chain compatible, industry-agnostic, and adoption-focused, with an ultimate goal to fast-track mass adoption of Blockchain Technology.
