Forward Protocol Documentation

Create Blockchains, Subnets and dApps with a No-Code Interface WordPress for Web 3.0

The barriers to blockchain adoption are high investment costs, lack of knowledge, reluctance to change, and technological immaturity amongst others (Fuzzy Delphi Sustainability 2022). Blockchain is found across many industries, but the level of diffusion varies and actual implementations of blockchain technology are still in their infancy (Grover et al., 2019; Kar & Navin, 2021; Wamba & Queiroz, 2022). The segment of the economy most affected are the companies that don't have access to capital, and by default cannot participate. The need for a cost-effective solution is evident.

The key challenge in why this has not been solved is the technological immaturity in the blockchain space. As this changes, connecting users with applications using intuitive processes becomes increasingly important.

The high cost of entry and long development timelines in the blockchain space exclude the majority of entrepreneurs and startups that do not have access to funding. Eliminating this completely creates global inclusion for all.

The adoption of blockchain into companies' architecture has the potential to dramatically reshape the capital markets industry, with a significant impact on the way businesses model themselves, manage risks, and save cost and capital. However, the revolution will not happen overnight due to the high barrier to entry into this sector.

  1. The capital expenditure needed to develop workable blockchain solutions is insurmountable for most companies.

  2. The technical knowledge and development expertise needed to build an effective solution is limited and would take too long to implement.

These limitations raise two questions that need to be answered for industry-wide adoption to occur:

  1. How can companies reduce the capital costs of developing a blockchain application?

  2. How can companies reduce the time needed to develop and implement a market-ready version of the technology?

Forward Protocol solves the challenges highlighted above by:

  1. Lowering the barrier to entry across verticals through a social approach that connects ideas, resources, companies, and markets with open source, fully customizable, no-code full-stack blockchain applications (dApps), blockchain and subnet templates within Forward Factory to make blockchain adoption seamless.

  2. Forward Factory makes blockchain adoption an unambiguous and straightforward process for organizations. Decide. Deploy. Test. Evaluate. All within a few minutes. No hidden cost is involved.

Forward is a no-code, cost-effective tool to create blockchains, subnets, and dApps. With drag and drop technology, fully customizable templates, and a growing library of options, no technical knowledge is required to set up basic infrastructure. You can create anything from simple dApps to enterprise-level blockchains. The environment is programming language agonistic and hence supports all chains natively.

While the no-code dApp deployment primarily benefits individuals and businesses deploying them, it's important to recognize that a truly successful approach benefits a broader spectrum of society, not just a single segment. This doesn't render developers and designers obsolete; in fact, they remain crucial to the process. These professionals craft the templates that end-users leverage, and they can monetize these creations through various pricing models, ensuring their own benefit and sustainability in the ecosystem. Read more on the revenue potential for developers here.

Forward Protocol will be fully decentralized, maintaining independence from any third-party influence.

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