Monica Tartau, Marketing & Events Lead at Lisk, recently sat down with BeInCrypto to discuss the benefits of blockchain technology, supply chain-related blockchain applications, and the best use case for the LISK token, among other things.
Having a background in the food industry, Tartau elaborated on the complexity of implementing blockchain to build a decentralized traceability solution. She projected that the industry will not only see projects entering production phases and blockchain applications built, but also said that we may already see blockchain implementation at the enterprise level.
Lisk is an open source project founded in May 2016. The project mainly focuses on the accessibility of blockchain technology. Accordingly, the Lisk ecosystem aims to offer participants the opportunity to take full advantage of blockchain technology through developer tools, wallets, and a lively community.
BeInCrypto: What is the idea behind the Lisk project?
Monica Tartau (MT): The Lisk project started with the idea of making blockchain accessible. Through the development, documentation, and applications built already with the Lisk SDK, we aim to showcase how easy it is for everyone to benefit from this technology. With this idea in mind, we are working hard to implement an interoperability solution so everyone can use these blockchain applications on our platform.
BeInCrypto: Why is Lisk interested in supporting blockchain development?
MT: As everyone in the space, we at Lisk want to make use of the benefits of blockchain technology, such as transparency, trust, immutability, no middlemen controlling the system, and others. On our platform, we want to see diverse blockchain applications offering these benefits for enterprises in different industries.
The main interest is to see our technology and tools used by companies and individuals to create valuable blockchain applications that users can trust and utilize on a daily basis. This will bring the true value of blockchain technology, highlighting Lisk’s capabilities.
BeInCrypto: Can you name the most fascinating projects for Lisk?
MT: If it comes to our progress at Lisk, in 2020, we were intensively focused on the research for an interoperability solution. The high-level direction Lisk will take was already presented during our online event, in November. In spring 2021, we will host our annual event Lisk.js, where we’re planning to publish the Lisk Improvement Proposals (LIPs) for the interoperability solution. This is a very exciting moment for us at Lisk, and our community is very much looking forward to it.
Regarding development, in 2020, we reached three important milestones for Lisk, which are the launch of Betanet v3, the launch of Betanet v4, and the launch of Betanet v5. With this last release, all the proposed protocol changes were implemented; the fundamental architecture is now complete. This was a great achievement for Lisk and we are now looking forward to finally implementing the Lisk blockchain interoperability.
Of course, another fascinating project we have been working on is the Lisk Center Berlin, a coworking space for blockchain developers. We have created it with the goal of attracting developers to learn more about blockchain and the Lisk project, as well as support them to build blockchain applications with the Lisk SDK. We are excited to host events, workshops, hackathons, and many more in the Lisk Center Berlin, next year. I am personally looking forward to seeing our community interacting with newcomers within the space and basically spreading knowledge about blockchain.
If we are talking about the projects built using the Lisk tools, we have seen several proof-of-concept blockchain applications, in the past months. Some of them were developed by community members and some as part of the Lisk Builders program. Blockchain applications are solving issues in diverse industries. It is great to see how the Lisk SDK can be used for supply chain, gaming, decentralized autonomous organizations, voting, and so on. It is fascinating to see how our community members are using their creativity to build so diverse blockchain applications.
Personally, I am most fascinated by the supply chain-related blockchain applications. Having a background in the food industry, I understand the complexity of implementing this technology to build a decentralized traceability solution. Therefore, I was very excited to see the Fit Market Project built with the Lisk SDK.
BeInCrypto: What blockchain trend may appear in 2021?
MT: We can already see that the awareness of blockchain technology is slowly increasing. If we check the growing interest, the topic is coming up more and more often on online event agendas, we can clearly say that the technology is gaining public attention. The year 2020 — although a tough year for everyone — was a great eye-opener for businesses looking at digital transformation, as well as at transparency.
I believe that 2021 will come with increased awareness and adoption of blockchain. We will not only see projects entering production phases and blockchain applications built, but we may already see blockchain implementation at the enterprise level. Besides this, of course, there are well known trends in blockchain, such as DeFi that continues to grow.
BeInCrypto: What challenges can the blockchain industry face in the near future?
MT: Although the above-mentioned trends look very promising for the industry, we have a long way to go for the full adoption of the technology. Some challenges will still remain, such as the complexity of the development or the privacy and confidentiality issues.
However, we can already see progress being made for some solutions to solve these issues. And, of course, looking at the more traditional industry, we can already imagine slower adoption progress, which will definitely be a challenge in the space. That’s exactly where projects like Lisk have an important role providing accessibility by showcasing the easy usage of the available tools which are beforehand properly tested.
BeInCrypto: What is the key to success for optimized blockchain integration by companies, institutions, and startups?
In my opinion, companies should go beyond the blockchain hype and be pragmatic while assessing the impact and the feasibility of blockchain technology for a specific industry.
There are great benefits to this technology, but the implementation is crucial. The right strategic approach in making use of the value of blockchain will be the key to success for the integration. Besides this, the development team and the support received from blockchain platforms, such as available documentation, community support, and various available tools, may be even more important here.
BeInCrypto: How could a world with semi-centered blockchain infrastructures look like, how could different projects interact avoiding blockchain islands?
MT: The key to avoid blockchain islands or siloed blockchain ecosystems is the interoperability. The way towards mass adoption of blockchain technology is interoperability, and that’s also one of the most important aspects in the development of Lisk project. I believe that interoperability is essential where the value chain is important.
It’s, therefore, critical for the communication between blockchains in order to avoid intermediaries for example. Seeing all the proof-of-concept blockchain applications built with the Lisk SDK is great, but the most fascinating part will be to connect them to the Lisk platform. During the online event Lisk Updates from the Lisk Center Berlin, we revealed a high-level direction for Lisk Interoperability. The Lisk blockchain will become the directory for all Lisk sidechains and the LSK token will place a central part on the Lisk blockchain application platform.
BeInCrypto: What might be the best use case for the LISK token?
MT: The Lisk SDK allows blockchain developers to build almost any kind of blockchain application. With only ten lines of code, a developer can set up a blockchain and then, by using custom transactions, the required logic can be implemented. In order to inspire developers, we have created a page for the Blockchain in Industries series of blog posts to illustrate the applicability of blockchain in specific sectors.
As we have seen through the Builders Program, there are many ideas out there, and we welcome any blockchain developer to build a blockchain application with the Lisk SDK starting from their business idea. The most interesting part is the connection of the blockchain to the Lisk platform, and that’s why interoperability is our biggest milestone.
BeInCrypto: Thank you, Monica.