In January 2022, I did a 30-day project on “Why Your Business Needs to Adapt to Blockchain”. This post is a part of it. To know what I covered, learned, and executed in the project, visit this page.

I’m halfway into the project. This is my update for week 2.

The project has been exploratory in nature so far. Sometimes I’ve been digressing from the core theme. But, I believe those digressions will anyway bring in key insights about the topic at hand and help me and you form a coherent picture of blockchain applications.

I discovered how closely blockchain, Web 3.0, and decentralization, in general, are related to the evolution of classical economics thoughts. I tried connecting the two through a blog post. The hypothesis of the blog post is that the evolution of the internet has been decreasing transaction costs.

This is the end of Week 2. Right now, I am totally blown away by what has been happening in this world. This week was mostly about self-learning. I plan to present the learnings in the form of blog posts from Week 3 onwards. But, with each passing day, I feel like there is still so much left unexplored in this domain. In Week 3, I’ll start exploring the different networks and projects. I have some idea about the Ethereum and the Polygon networks. I learned about the different types of chains, such as sidechains, zk Rollup chains, etc. I’ll explore them more.

My everyday learnings are making me realize how little I knew prior to this.

Challenges I faced in Week 2

This week I had some personal issues overlap with my project. We were moving to a new city, and my father tested COVID positive for a second time. These events and a few others sidetracked me from the project. By the end of this week, I was a little behind schedule. I had hoped to write more blog posts by now, but that didn’t happen. I’m hoping to recover the lost time in Week 3. My focus in Week 3 would be mainly on writing.