In the recent years Blockchain technology has got positioned as the fundamental technology for Web3 targeting a FREE and PROSPEROUS SOCIETY/WORLD (as per Don Tapscott). The proclaimed noble target along with absence of alternatives caused great interest to Blockchain, a lot of its applications in many areas and the growing popularity.

• As per this research:

Trafarea team considers the above noble target to be the appropriate one for Web3 and Trafarea itself.

However, the initial ultimate ideas of Blockchain technology is DECENTRALIZATION and IMMUTABILITY on all the levels, and it didn’t take into account the numerous requirements for Web3. As it is shown in this document, the approach of attempting to satisfy more and more critical requirements of the real world for Web3, such as DIRECT SHARED OWNERSHIP, SHARED USAGE, COMPOUND ASSETS, ASSET AGGREGATION, UNCOMPROMISING PRIVACY, EFFICIENCY, DISPUTES RESOLUTION and others, which were not taken into account initially, causes numerous contradictions, which can not be solved without compromise on blockhain’s ultimate ideas. Thus, the whole process of iterative attempts to adopt blockchain to Web3 requirements looks like starting from its ultimate ideas of DECENTRALIZATION and IMMUTABILITY, which dictates the blockchain architecture, and then introducing step by step more and more CENTRALIZATION and MUTABILIUTY to meet more critical requirements of the real world for Web3.

All that, instead of careful gathering of Web3 requirements from the very beginning and taking the REASONABLE COMPROMISE ON DECENTRALIZATION and IMMUTABILITY to meet them. This has been our approach to developing Trafarea concept. That’s why we, Trafarea team, consider to be impossible achieving of the proclaimed noble target and establishing Web3 with Blockchain technology in its core. In our opinion, all that rush around Blockchain is caused by great demand for Web3 along with lack of a good alternative way to it. Trafarea is to fill that gap.

<aside> 💡 Trafarea’s automated GENERIC CONTRACT is the much more LEAN, STRUCTURED, BALANCED, and EASY TO USE alternative to Blockchain’s SMART CONTRACT.

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