Blockchain technology can answer many questions raised by the modern digital lifestyle. Users today wish to be informed and in control of their own actions online and off. Meanwhile, more and more information passes into the hands of big digital companies. This makes users feel like things are happening to them behind their backs. In essence, blockchain is a response to this conflict of interest. A blockchain is a digital ledger. It records transactions in cryptocurrency for all to see. Its functioning depends on every link in the chain, everyone involved. This leads to transparency and helps decentralize digital finance, letting users take back the control they want.
Yet, most users do not know or understand what blockchain can do. Many associate it with currencies like Bitcoin, which they find difficult to trust. Indeed, some people are using the confusion caused by the new world of crypto to scam others. This is frightening, and so is the lack of knowledge which often causes people to feel threatened by new technology.
This is why education is very important. For people to be able to enjoy the benefits of blockchain and not fall for scams, they must have knowledge. Organizations like the Blockchain Centre Vilnius come to give this knowledge. They invite companies to learn more about blockchain and offer them tools to use it better. As Europe’s first international blockchain hub, they let start-ups become part of a network that reaches as far as Shanghai and Melbourne.
As a young company based on blockchain technology, Swace is delighted at the opportunity to partner with the Centre. We are coming on board to learn from the best advisors out there, and are ready to share what we know in turn.
Swace is a social game that uses blockchain for its in-game token economy. Each of our games is a smart contract on the blockchain. Currently we intend to use the Ethereum blockchain, which is a well-established technology. It is not without its problems, as it is difficult to scale, but there are solutions for that. We are hoping to implement the most efficient set of tools that will make Swace a truly decentralized app for our users. The experience of the Blockchain Centre’s advisors will be invaluable to us.
