As blockchain technology steadily spreads into various sectors of society, its broader adoption barriers are becoming more present. Apart from all its benefits, limitations on the user experience include backups, protection, and payments, as well as the prevalent need for embedded user information and digital goods. This paper analyzes existing obstacles for decentralized economies and outlines solutions using abstracted smart contract standardizations for Ethereum-based blockchains. A derived development curve illustrates how a secure, efficient, and user-friendly experience evolves across different tech stacks. These new standardizations facilitate smoother onboarding and herald a new social and identity era of enhanced interoperability for decentralized ledger technology.

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Smoothing Blockchain Adoption with Abstracted Smart Accounts

  • Felix Hildebrandt

摘要

As blockchain technology steadily spreads into various sectors of society, its broader adoption barriers are becoming more present. Apart from all its benefits, limitations on the user experience include backups, protection, and payments, as well as the prevalent need for embedded user information and digital goods. This paper analyzes existing obstacles for decentralized economies and outlines solutions using abstracted smart contract standardizations for Ethereum-based blockchains. A derived development curve illustrates how a secure, efficient, and user-friendly experience evolves across different tech stacks. These new standardizations facilitate smoother onboarding and herald a new social and identity era of enhanced interoperability for decentralized ledger technology.