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Demystifying Web3: A Guide to Blockchain Interoperability - OSCAFEST

Demystifying Web3: A Guide to Blockchain Interoperability - OSCAFEST

Decentralised systems with multiple blockchain networks are the basis of Web3. As we move towards this future, one of the significant challenges is achieving interoperability between these networks. Interoperability is the ability of different blockchain networks to communicate with each other seamlessly, enabling cross-chain functionality.

In this talk, we will discuss the importance of blockchain interoperability in Web3 and explore the challenges and solutions in achieving cross-chain communication. We will also discuss how this technology will unlock new possibilities for industries like finance, art, and gaming and how you can get involved in the Web3 ecosystem.

The talk will cover the following topics:

- Introduction: Overview of Web3 and blockchain interoperability
- Overview of cross-chain communication protocols like Axelar etc
- Interoperability challenges and solutions in the blockchain industry, including technical, governance, and standardisation
- We will also discuss various solutions being developed to address these challenges, such as cross-chain communication protocols, bridge networks, and middleware solutions.
- Use cases of interoperability between blockchain networks.
- Future implications of blockchain interoperability in Web3
- How to get involved in the Web3 ecosystem: Tools and resources for developers and designers

Olubisi Idris Ayinde

June 16, 2023
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Transcript

  1. Demystifying Web3: A
    Guide to Blockchain
    Interoperability
    Idris,
    Olubisi
    Developer Advocate, Axelar

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  2. 1. How it all started
    2. Pre-Interoperability Era
    3. Blockchain interoperability & use-cases
    4. The future of blockchain interoperability
    What we are going to cover in this talk

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  3. 1. How it all started

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  4. Web Evolution: A Journey through Time

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  5. Web 1.0 Web 2.0 Web 3.0
    Read-only Read - Write Read - Write - Own

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  6. How Everything Started in Web3

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  7. The Beginning, 2009-2018

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  8. 2. Pre-Interoperability Era

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  9. The Blockchain Challenge: Pre-Interoperability Era

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  10. New platforms, 2018-2020

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  11. ● Lack of communication
    ● Oracle problem
    The Blockchain Challenge: Pre-Interoperability Era

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  12. 3. Blockchain interoperability & use-cases

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  13. What is Blockchain Interoperability?

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  14. Blockchain interoperability enables different blockchains to
    communicate and exchange data through cross-chain messaging
    protocols.

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  15. Why is Blockchain Interoperability Important?

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  16. Seamless transfer of data, assets, and value
    across different blockchain networks
    Why is Blockchain Interoperability Important?

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  17. Opens up a wide range of possibilities for new
    applications and use cases
    Why is Blockchain Interoperability Important?

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  18. Improved security and reliability of blockchain
    networks
    Why is Blockchain Interoperability Important?

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  19. Facilitates blockchain collaboration & integration
    Why is Blockchain Interoperability Important?

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  20. Junkyard NFT

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  21. What are cross-chain communication protocols?

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  22. Cross-chain communication protocols allow different blockchain
    networks to communicate with each other.
    Cross-chain communication protocols

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  23. They enable the transfer of data, assets, and value between
    different blockchains
    Cross-chain communication protocols

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  24. Use Cases of Interoperability between
    Blockchain Networks

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  25. DeFi NFT Gaming
    Identity Healthcare DEXes

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  26. 4. The future of blockchain interoperability

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  27. Future implications of blockchain
    interoperability in Web3

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  28. - Enhanced Collaboration
    - Open and Interoperable Blockchain
    - Innovation Catalyst

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  29. How do you get involved?

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  30. - As a Developer

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  31. - As a Designer

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  32. - The Web Evolved
    - Interoperability is Key, for Everyone
    - Connectivity = Make More, Cost Less
    - You should get involved

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  33. Instead of moving assets to compute move compute to
    where assets are.
    - Interchain

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  34. THANK
    YOU!
    Connect with me on
    Twitter: @olanetsoft Idris,
    Olubisi
    Developer Advocate, Axelar

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