Why “no-code” blockchain infrastructure automation platforms are key to faster Web3 adoption globally

The Internet has evolved over the past three decades, from static information exchange in Web 1.0 to more collaborative and social Web 2.0. Now web 3.0 promises to make the web more democratic and value-driven, putting control back in the hands of users. Today, web3 and the underlying blockchain technology that drives it are gaining massive traction across industries with their proven real-world applications.

Many businesses are investing in the distribution and administration of the blockchain technology. Web3 has begun to capture the imagination of the investment world, with estimates suggesting that a total of USD 500 million in international funds has already been invested in Indian blockchain ventures this year. Tech giants like Facebook and Google are betting big on web3, while Twitter is already looking at ways to build web3 into its offerings.

According to a recent forecast by Gartner, by the year 2025, blockchain technology will have added over $176 billion in business value, with an estimate that it could reach close to $3 trillion by 2030!

But still, there are quite a few challenges for the wider adoption of web3 and blockchain such as interoperability, user experience, talent, infrastructure, etc. Out of these, web3 infrastructure management is a challenge, the solution of which can accelerate the adoption of web3 globally.

The anomaly of web3 infrastructure

The evolution of the internet and its exciting new developments have encouraged infrastructure and enterprise management platforms to emerge. However, the web3 infrastructure is quite different from the web2 infrastructure as it primarily revolves around the fundamentals of decentralization, which is at the very core of trust and transparency. Compared to web2, it is:

1. Decentralized and necessary infrastructure must have distributed ownership
2. Heterogeneous, in terms of node (VM) setup on cloud infrastructures
3. Prone to scaling with decentralized governance. Therefore cannot be controlled by anyone
4. Complex considering how the various node types communicate and are configured

Blockchain Infrastructure’s low-code and no-code automation platforms come to the rescue to address these complex challenges, helping businesses implement blockchain seamlessly and cost-effectively.

Why no code or low code

No-code infrastructure automation platforms provide a simple interface, making it uncomplicated to create and deploy decentralized applications, reducing the time to build and test new applications while significantly reducing costs.

According to a recent Forrester analysis, the low-code industry is expected to grow by 40% annually, with spending expected to reach $21.2 billion by 2022.

No-code automation solutions enable production-grade deployment of private, public and hybrid blockchain nodes and protocols, thereby facilitating faster adoption of web 3.0 on a global scale.

Gartner predicted that the worldwide market for this type of technology would grow by 23%. It achieved success in solving problems – mainly the urgent need to digitize workflows, improve the experiences of customers and employees and increase the efficiency of commercial and operational teams.

Harvard Business Review claims that low-code/no-code platforms have evolved from simply supporting feature-specific tools to enabling businesses to automate and develop new software applications without coding.

Entrepreneur noted that low-code/no-code platforms facilitate addressing persistent shortages of engineering and development skills.

What role do no-code platforms play in web3’s growth?

Decentralized applications (dApps) are complex to design and implement. Whether you’re setting up a blockchain network using enterprise protocols like Hyperledger Fabric or extracting data from public protocols like Ethereum to run a query, the task becomes very time-consuming, error-prone and expensive without using the web3 infrastructure automation platforms.

According to an EY report, the cost of maintaining and monitoring a production quality web3 network is more than 50% of the total cost of ownership (TCO). This is further compounded as the expertise available in the market to deploy, manage and monitor web3 networks is much less than that available for the legacy infrastructure. As per a dappros report, total blockchain experts/developers across the globe was only 105,000 in 2018. It is not enough to keep up with the demands as it scales exponentially. This is where low-code automation platforms come to the rescue:

• It does not require great expertise in Blockchain
• Configure, deploy and monitor multiple networks with proactive and intelligent analysis of data aggregated 24/7
• A devops expert can manage ten times the number of nodes and networks compared to a dedicated team 24/7
• Automation helps keep your infrastructure up to date and secure with the latest updates and configuration releases
• Faster incident discovery and recovery

No-code infrastructure automation platforms for blockchain or web3 networks are a blessing in disguise. While blockchain technology is developing at its own pace, the presence of these platforms has accelerated web3 adoption among businesses and startups. As the use of digital transformation increased in the web2 era with the introduction of cloud, low-code and no-code platforms and dashboards, it is even more important to have infrastructure automation platforms in the web3 era, as it is 20 times more complex.

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