ArcBlock, the World’s First Blockchain Ecosystem for Decentralized Applications, is Building

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ArcBlock, the World’s First Blockchain Ecosystem for Decentralized Applications, is Building the Foundation for Blockchain 3.0.
SEATTLE–(BUSINESS WIRE)–January 3, 2018–

Robert Mao, former researcher with Microsoft Research, serial entrepreneur, and technology innovator, together with Flavien Charlon, the creator of Colored Coins, Open Assets Protocol, and Openchain, today announced the launch of ArcBlock, the world’s first blockchain ecosystem for building and deploying decentralized applications. ArcBlock is aiming to seamlessly connect between the existing system and services, and blockchain networks, throughout dynamic industries.

Looking back on 2017, Bitcoin and the I.C.O. (Initial Coin Offering), which have been considered as “killer applications” separately in both Blockchain 1.0 as well as Blockchain 2.0 generations, have ushered in explosive growth. The price of Bitcoin surged 20 times, from $1,000 at the beginning of the year to $20,000 at its highest point. The total market value of the top 100 cryptocurrencies have exceeded $600 billion, with I.C.O.s raising more than $6.133 billion in the past 11 months, accounting for 96 percent of total financing over the past four years.

The sizzling Bitcoin and I.C.O. markets caused a surge in attention within the global community about blockchain technology, as it is now widely believed to be a game changer. However, this also brings certain uncertainties when upgrading to Blockchain 3.0, because it lacks the power of penetration into the real business world; numerous difficulties and obstacles prevent its real-world application; and its “infancy” stage on the development of decentralized application.



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Tags:
ArcBlock
the
World’s
First
Blockchain
Ecosystem
for
Decentralized
Applications
is
Building
the World’s First Blockchain Ecosystem for Decentralized Applications
is Building