Open Applications and Solving the Future of Platform Economics

Throughout 2019, we have seen the blockchain landscape change from a strong focus on enterprise use cases to the rise of decentralized applications (dApps) now to the introduction of new technological layers within the “stack”. As part of this landscape expansion, the focus is on the challenges of data, privacy and the economics models of the future that will power the applications of tomorrow.

With many of the world’s most influential companies developing the platforms on which small businesses are built, these topics are of topical importance.

The current platform economy has created a growing list of unintended consequences for users and the companies that depend on them. We have seen platforms make unilateral decisions and change whether they position payments, user data, and compliance businesses to rely on the very platform for security and user privacy.

In other cases, companies may be removed from the Platform, shut down, or buried by the Platform at any time, either intentionally or unintentionally, forcing unanswered shutdowns and lost customers. .

Until recently, platforms were encouraged to create products and tools that make it easy for companies to be independent. This is changing now as we see that users want the ability to easily move their data (views, credits, reputation, etc.) from one application to another.

Additionally, companies are attempting to transact and work directly with their customers without a platform intermediary and even to create a simple voting mechanism for any stakeholders to make any decisions. are going

Aion Networks, now The Open Application Network (The OAN), announced its plans this week to focus on these emerging and critical challenges facing today’s platform-economics, laying the foundations for tomorrow.

“The current platform ecosystem doesn’t benefit businesses in the way it could,” said Matt Spock, co-founder and CEO of The Open Applications Network. “Tomorrow’s success stories will not be built on the platforms of tomorrow, rather, they will be open-sourced and designed with their user interests in mind.

Today’s platforms will be able to access this new design space with new tools to open apps.” I am excited about the opportunity for Open Application Network to own this space and build solutions for these businesses.”

Speaking about the decentralized applications (dApps) part of the blockchain landscape, Spock said, “Although technically interesting, dApps have failed to fit the product-market with a few exceptions. The launch of the Open Application Network is a relevant one.

The narrative and going to market are the first steps toward finding strategies that we can bring to Silicon Valley, and use to influence the way companies operate and be built in the future.

We have an opportunity to change the trajectory of how online businesses interact with their users and stakeholders through the use of open apps that enhance these critical ecosystems.”

OAN will shift a meaningful portion of its engineering towards creating the necessary tools and libraries, known as Open Kits, that will provide developers with a natural path towards building open apps. OAN is an open-source, public infrastructure that creates a new design space for open applications.

Open apps are programs that will bring users back in control and are universally accessible across all platforms. Developers using Open Apps can connect to existing platforms like Uber, Shopify, Twitch, etc. and create new experiences.

The OAN team has started work on its first open kit – Open Economy. Open Economy allows developers to integrate features into their applications that enable the creation of their own micro-economy – creating rewards, badges or other incentive programs for their users to use inside or outside of the various platforms.

Velosia, a partner of OAN, has already integrated some open economy features. Velosia is working to change the way people move around cities by encouraging them to have better, healthier and cleaner commutes.

It does this through a network of partners including SwiftSeat, Getaround, Bolt, Citi Bike Miami and Miami Dade County. Rapidly expanding into Miami and South Flordia, Velosia users earn and redeem VELOS on partner networks. OAN provides Velosia with a public infrastructure, which integrates and expands the use of VELOS across various platforms and other open apps.

Spoke said, “We believe this platform is the future of the economy – giving businesses and individuals the ability to benefit from a single platform, and yet share their work, data and relationships universally.

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