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When it comes to technology in general, time is a big deal. We all agree it takes time for a piece of technology to gain massive adoption, even taking a look at the best solutions out there, most are novel, one would think the world would absorb them immediately at launch, but that's not always the case, however, the early birds stand to benefit the most by having the capability to do what others can't.

A very typical example is the mobile phone technology, a device that is used to communicate between people over long distances, when compared to the former/traditional means of communication, one would expect the entire world to absorb the technology almost immediately after launch, yet that is not the case as a lot of countries took years to get involved and even today some places are still lacking behind and its not because the technology is not useful.

As at December 2019 the number of people in the world was estimated at 7.7billion, compared to the estimated number of people using a mobile phone at 4.78billion, it is evident that more than 46% of the worlds population are yet to own/use a mobile phone.

As mentioned earlier, the early birds have the chance to benefit more. Ease of communication fosters collaboration which leads to sporadic development of ideas and in turn leads to the development of greater things. Think about how life will be today if we still had to communicate with each other through the post office.

Another category where time seems to play a relevant role is pertinent in the adoption of Blockchain technology and cryptocurrencies. When we look at the solutions some offer, one would expect the whole connected world to immediately tap into them, but again that is not the case due to a myriad of reasons, however one thing also remains prevalent, which is giving the early adopters the ability to the things others can't and in some cases providing then with tremendous gains.

It is easy to wrap up the success of a piece of technology with its rate of adoption, whereas the most important factor contributing to the success of a technology lies in its rate of development as time has continually proven to us. We can see that evidently when we compare mobile phone manufacturers like the Blackberry to the Iphone.

Where one was shown to have more adoption rate than development, the other had more development than adoption rate, after many years, one ceases to exist and the other has become a leading manufacturer in the world. Evidently, its not always about the rate of adoption, the rate of development within also plays an important role.

Taking a retrospective look at Steem Blockchain, even though the main developers at Steem.inc have taken all the time to launch the much awaited SMT protocol, it is understandable, good things take time, but that hasn't stopped developments within the ecosystem, through Steem-Engine, we have tribes forging ahead ferociously, a typical example will be that of SteemLeo.

Within 8 months of launch, Steemleo has successfully become an incubator, developed a Dex - equipped with functionalities of any alternative standard decentralized exchange including a swap function, a market place where users can own shops and list digital items for sale, this can be seen at https://shop.steemleo.com.

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Leoshop is the first decentralized digital marketplace on Steem blockchain, users can pay for products with Steem SBD and Leo tokens, you can read more about the update here https://steemleo.com/hive-167922/@steem.leo/introducing-leoshop-or-buy-and-sell-digital-products-with-leo-steem-and-sbd. SteemLeo has also made numerous updates to the Condenser interface.

Word on the street has it that SteemLeo platform will be overtaken when SMT's are launched, I see two reasons to nullify that conception, 1. is the disparity in the time Steemleo has taken to develop itself to the stage it presently is compared to any new financial ecosystem, 2. is the evident ability for SCOT sites/tribes to be interropeable/flexible.

When we look at SCOT tokens like the Splinterlands DEC, its underlying programmability allows it to be transferrable to Ethereum Blockchain as an ERC20 token, howbeit converting any SCOT token to an SMT? If SMT's proves to offer more advanced capabilities than what SCOTs provide, how difficult could it be to tweak this and that coupled with the fact that they're both Steem based tokens anyway.

Lastly, Splinterlands has single handedly formed a partnership with Samsung mobile, meaning Splinterlands will be available in the app store of Samsung 10 mobile phones, the only blockchain to have achieved this is Tron and rumours of Ethereum.

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OpenSeed project was announced recently, a platform powered by Steem blockchain that takes our interaction with web 3.0 up a notch as regards building and creation of websites and applications on Steem blockchain.

Today we have many talks of Web 3.0 an advancement in technological capabilities of the the traditional web 2.0. Web 2.0 was responsible for the ability to download and upload, ecommerce sites, live video streaming, let your mind run wild as you imagine the attributes of web 3.0, I sure know it's got tokenization involved and Steem offers the most advanced tokenization protocol for Web 3.0.

When it comes to technology in general, time is a big deal. We all agree it takes time for a piece of technology to gain massive adoption, even taking a look at the best solutions out there, most are novel, one would think the world would absorb them immediately at launch, but that's not always the case, however, the early birds stand to benefit the most by having the capability to do what others can't.

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Thank you for reading.

Disclaimer
This is not a financial advice, kindly do your own research to avoid stories that touch. I'm high on Steem most of the time, steemtoxicated! steemmedicated :D.

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Posted via Steemleo