The automation process that enables one-sided submission by users to the Blockchain is considered one of the major pain points for Blockchain and DeFi. Still, there are issues when it comes to knowing the process behind on-chain at any particular time.
Think of a completely new infrastructure of technology that in every aspect is centralized as the conventional IT systems that we as a society have accepted fully. Still, this system is not replaceable, custodial, and has an exceptionally low failure rate.
We have witnessed for decades the economic systems operating on centralized technology like APIs, CRMs, SQL databases, email, cloud computing, and ERPs; then the concept of decentralization came about, disrupting the tech world which we call Web3.
It is important for every individual in our society to fully embrace Web3 so that we as a society can transition into Web3.
Until now, we have just prioritized solutions that promoted decentralization; as a result, we have ignored the compromises which make our traditional IT systems easy to use.
These gluers or technologies just need to be functional and not necessarily perfect. The reliability of any system comes down to the sum of its components, requiring a number of gluers to assist the machine in running.
It is worthwhile to compare IFTTT technology, or “if this, then that” service to better understand how Blockchain can truly cover the gap to consumers with an IFTTT-like notification system.
A $63 million-backed connectivity web
IFTTT, or “if this, then that” services were launched back in 2010, enabling software platforms to unite with connected apps, devices, and services from various developers like BMW and Ring for provoking one or more automation that includes those devices, apps, and services.
These “automation” are achieved through macros or applets that integrate several apps to run automated, customized tasks. Using IFTTT’s website or through a mobile application, users are able to turn “on” or “off” an applet.
For instance, the capacity to connect your home assistant, such as Google’s Home or Amazon’s Alexa, to a smart light bulb offers consumers the ability to set IFTTT commands on a person walking into their home or leaving it.
According to IFTTT, there are more than 90 million activated applet connections as of 2022. The company collected $63 million in venture capital funding from investors, including Andreesen Horowitz.
In simple words, Web3 can be considered a modernized version of IFTTT.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.