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

Transcript

2. Demystifying Web3: A Guide to Blockchain Interoperability Idris, Olubisi Developer Advocate, Axelar
3. 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
4. 1. How it all started
5. Web Evolution: A Journey through Time
6. Web 1.0 Web 2.0 Web 3.0 Read-only Read - Write Read - Write - Own
7. How Everything Started in Web3
8. The Beginning, 2009-2018
9. 2. Pre-Interoperability Era
10. The Blockchain Challenge: Pre-Interoperability Era
11. New platforms, 2018-2020
12. • Lack of communication • Oracle problem The Blockchain Challenge: Pre-Interoperability Era
13. 3. Blockchain interoperability & use-cases
14. What is Blockchain Interoperability?
15. Blockchain interoperability enables different blockchains to communicate and exchange data through cross-chain messaging protocols.
16. Why is Blockchain Interoperability Important?
17. Seamless transfer of data, assets, and value across different blockchain networks Why is Blockchain Interoperability Important?
18. Opens up a wide range of possibilities for new applications and use cases Why is Blockchain Interoperability Important?
19. Improved security and reliability of blockchain networks Why is Blockchain Interoperability Important?
20. Facilitates blockchain collaboration & integration Why is Blockchain Interoperability Important?
21. Junkyard NFT
22. What are cross-chain communication protocols?
23. Cross-chain communication protocols allow different blockchain networks to communicate with each other. Cross-chain communication protocols
24. They enable the transfer of data, assets, and value between different blockchains Cross-chain communication protocols
26. Use Cases of Interoperability between Blockchain Networks
27. DeFi NFT Gaming Identity Healthcare DEXes
28. 4. The future of blockchain interoperability
29. Future implications of blockchain interoperability in Web3
30. - Enhanced Collaboration - Open and Interoperable Blockchain - Innovation Catalyst
31. How do you get involved?
32. - As a Developer
33. - As a Designer
34. - As a User
35. Summary
36. - The Web Evolved - Interoperability is Key, for Everyone - Connectivity = Make More, Cost Less - You should get involved
37. Instead of moving assets to compute move compute to where assets are. - Interchain
38. THANK YOU! Connect with me on Twitter: @olanetsoft Idris, Olubisi Developer Advocate, Axelar
39. Q & A