The development of blockchain industry
2022.07.04 08:45
The development of blockchain industry
Nowadays, the blockchain market as a whole is in its infancy, and the decentralized finance (DeFi) market is its most promising part. According to DefiLlama data, in 2021, the DeFi market had around $200 billion of liquidity locked in smart contracts. If we view this capital as an initial investment, this market looks like a highly promising venture. Not too many global companies can boast of such a capitalization. But any young market has its teething problems. With DeFi, the main issue is a lack of qualified blockchain developers.
This industry is very young and has a relatively small user base. Most people have at best heard about DeFi without having any idea about what it is. But as it happens with every new promising venture, it quickly creates a lot of speculative interest. Unfortunately, preparing personnel takes much longer, especially when it comes to such knowledge-intense spheres as blockchain and smart contract development. This means that some project teams will have to compromise and hire less experienced personnel.
Dmitry Mishunin is the founder and CEO of DeFi security and analytics company HashEx and has long-standing expertise in the field of blockchain security. He has devoted a lot of time to scientific activities, such as research into IT systems, blockchain, and vulnerabilities in DeFi. Under Dmitry’s management, HashEx has become one of the leaders in the field of smart contract audits.
