Forward Protocol’s B2B Approach to Facilitate the Largest Blockchain Influx
The Forward Protocol vision is in full throttle as it builds and distributes the infrastructure to integrate blockchain and Web 3.0 into any value exchange ecosystem. The team’s ultimate goal is to lead the movement to onboard one billion people to the blockchain, which seems a long way away at the time of writing.
Blockchain remains exclusive to most users in its current state, with only a handful of users understanding its intricacies and interacting with it sufficiently. Recent statistics show that only 0.5% of the world’s population uses blockchain technology. These numbers are a function of several factors such as restrictive government regulations, limited knowledge and access to the technology, as well as a lack of infrastructure.
Even with all its limitations, the crypto space continues to attract the attention of states and institutional investors, with the market cap crossing the $3 trillion mark in 2021. 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 potential of blockchain technology and tokenization is obvious to any neutral observer. Now, what can be achieved when this technology becomes readily accessible and easily usable? This is Forward Protocol’s vision — onboarding one billion people to the blockchain.
Through the Forward Factory, Forward Protocol aims to provide all the options to suit various industry sectors, allowing them to deploy smart contracts without editing or rewriting the underlying code. It hopes to achieve this goal by offering easy-to-use, customizable, interactive smart contracts and an intuitive user interface to any deploying organization. Users can customize Forward Protocol’s core smart contracts to cover almost every value exchange scenario.
B2B Business Models
Forward Factory provides a suite of essential smart contracts for various industries such as decentralized education, decentralized e-commerce, and decentralized organizations. Forward follows a B2B approach, which means that it is not attempting to onboard individual users primarily, but, by collaborating with a multitude of businesses with a pre-existing user base, it will secure an ever-growing number of users.
English Forward, an English learning community that has been active for over 19 years, will be the one of the first platforms to deploy Forward Protocol’s solution. It aims to reward every participant on the platform for their value contributions. Once this deployment goes online, Forward Protocol will have immediately transferred a platform with over 220,000 registered users and 310 million unique users to the blockchain successfully. Many more educational institutions and EdTech businesses (such as Unified Council, Community Aviation) are set to follow suit.
Forward Factory facilitates the creation of a novel model of decentralized products listings. The factory will provide a variety of customizable smart contracts that will enable products sold as NFTs, renting NFTs, loyalty reward in $FORWARD and more in a decentralized and peer-to-peer system. In this system, sellers can list digital products like short videos, images, sounds, 3D models, and document templates designs. At the end of the interaction, the customer and merchant can leave a review through the Proof Of Value-Delivered (PoV-D) smart contract.
Creating decentralized organizations is more than just the creation of DAOs. It also includes systems that incentivizes and encourages members of the organization to perform at their best, which is where the Proof of Value contract plays a significant role. These will be made much easier thanks to the gasless feature of Forward Protocol.
What’s the Take Away?
Forward Protocol’s ambition is to onboard one billion new users to the blockchain. Following the recent success and future projections, we just might reach our target sooner than expected. With a WordPress-like model that recruits new users by interacting directly with large institutions and businesses, the one billion mark is starting to look more and more like a question of ‘when’ and no longer ‘if”.
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.