'Every once in a while, a revolutionary product comes along that changes everything,' Steve Jobs said. Do we need to redesign smart contracts before they can change everything? Opinion by CoinDesk columnist holyn.
Legendary technologist and Apple CEO Steve Jobs may have been better with words than he was with design. He recognized that “every once in a while, a revolutionary product comes along that changes everything.” From the printing press to the telegram to the iPhone – these products not only changed entire industries, they changed the world and the way we interact with it.
Today, enthusiasts hope that Web 3 changes everything. Its differentiating technology, smart contracts made up of immutable code and data on the blockchain, aims to cut out the need for middlemen in finance to help creators retain ownership and more. Similar to the iPhone’s trajectory, enthusiasts posit that smart contracts innovation will create new and improved industries and behaviors.
Simply put, Web 3 products today are not so smart and hard to use. There will be no widespread adoption until builders rethink everything and create with consumers in mind.
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