How should Lisk.js 2021 impact Lisk Dapps growth?
A quick overview of Lisk Dapps shows that there are at least 24 dapps currently documented on Lisk’s official website. While not all of them are presently admitted into LiskHQ’s Builders’ Program, two-thirds of them have and are currently enjoying the program’s support. Since blockchain technology is still relatively new (a little above a decade since the first blockchain by Satoshi Nakamoto went live), adoption, especially in terms of dapps usage, has been improving. With the Lisk SDK already accessible by developers, the growth of dapp development and ultimately use should see a leap with the Lisk Blockchain Interoperability Solution’s rollout.
The Lisk blockchain already has one thing working for it. That’s the fact that it’s easy to develop and deploy dapps on it using Javascript – the most widely adopted programming language for building web applications. Additionally, Lisk’s SDK allows developers to create modular applications atop the Lisk blockchain and connect it to any frontend application. If Ethereum enjoys tremendous developer support, thereby championing the DeFi movement because of unhinged composability, the Lisk blockchain is equally growing to become a formidable contender. The more modules are available for developers leveraging Lisk’s robust SDK, with arrays of services and plugins being developed, the easier it is for anyone to create their application and connect it to the front-end of their choice.
One of Lisk’s Interoperability Solution’s phenomenal abilities is that multiple sidechains can connect to Lisk’s mainchain, broadcasting cross-chain updates back and forth without necessarily burdening the mainchain. Hence, validators or just any other random user can initiate a cross-chain update on Lisk and get their transactions confirmed with speed at a cheap cost. Perhaps, while other blockchains dapps may be faced with congestion and high transaction cost and slower confirmation times, Lisk dapps operating with the highly anticipated interoperability solution will not have cause to worry.
Delving a little deeper, developers are building diverse dapps for the global economy. From the transportation sector to supply chain, health sector to communication, gaming to big data, exchange to the art sector, virtually all industry is ripe for the Lisk blockchain’s impact through dapps. For instance, Lisk Bike is a decentralised marketplace by Lisk Utrecht Center for sharing bicycles like its mainstream counterpart, Spinlister. Smart Inventory by Lemii, a decentralised application tracking history and life path of valuable items, is another Lisk dapp. Another growing solution from the Lisk Dapp ecosystem is Lisk Ticketing, a decentralised ticketing system by creating individual tickets on a blockchain. Ibis World valued the online ticketing industry for the US markets at $14.3 billion. Other blockchains solutions like Ethereum are already aggressively trying to solve the fraud-related issues and delays in the online ticketing industry. Lisk ticketing by Moosty is a welcome development.
For context, Jurre Machielsen (part of the Moosty team) already has at least five dapps in his belt. Lisk Builders Program is currently incubating four of such dapps. In a recent Lisk Builder Program interview in March, Jurre outlined his dapps enrolled in the Builder’s Program. These four are:
- Lisk DAO – A project to create decentralised organisations with first decision mechanisms (this was developed together with Peter Nobels).
- Lisk Recurring Payments – A project to create peer-2-peer contracts with recurring payments.
- Lisk Crowd – A regulated crowdfund project.
- Lisk Ticketing – A new approach to ticket sales in which fraud will be made more complex, and event organisers can effectively manage the entire process, including the secondary market.
A very optimistic Jurre Machielsen, during the interview, while responding to a question bothering on his plans for Lisk Ticketing, said
“We plan to get in touch with different organisations and innovators to exchange ideas and develop them with potential future users. Maybe we will even reach out to the middle man organisation, Ticketswap, to see if we can help them automate their business. In the future, we see our ticketing solution as part of a more extensive set of services that relate to the music/entertainment industry.”
It’s a brand new horizon for Lisk in this age of blockchain and cryptocurrency mainstream adoption. As LiskHQ unveils its much-anticipated interoperability solution during the Lisk.js conference next month on the 21st and 22nd of May, dapp developers should anticipate more freedom and flexibility in actualising any of the ideas in the area of dapp development, whether from scratch or currently in the proof-of-concept stage.
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