AI Briefing
KO

SK Planet Presents 'App-chain'-Based Web3 Platform Strategy for Regulatory Response and Performance Optimization

·2023.02.23 09:00

Key point

SK Planet emphasized the need for an application-specific blockchain platform that accounts for domestic regulations and performance constraints.

Details

SK Planet has been preparing for the evolution of blockchain-based Web3 services since 2022, analyzing the opportunities and risks of technology adoption from a developer's perspective. While the existing Web 2.0 was a provider-centric platform, Web 3.0 is a model that gives users control over their data; however, the company assessed that applying NFT and FT according to service characteristics is more realistic than pursuing complete decentralization.

Performance and Regulatory Constraints

Blockchain cannot Scale-Out, resulting in limitations on transaction processing speed and TPS. On an Ethereum-compatible virtual machine, performance tops out at around 4,000 TPS, and confirming block records can take a minimum of 2-3 seconds up to over 10 seconds, making asynchronous design essential. In addition, compliance with domestic financial regulations requires strict controls over wallet management methods and external ecosystem integration.

The Need for Application-Specific Chains

To overcome the performance limitations of mainnets and regulatory risks, a customizable App-chain platform was proposed as an alternative. While developing an independent blockchain places a heavy resource burden, if the platform level supports membership system integration, monitoring functions, and regulatory response, individual services can focus on their business. Through this approach, SK Planet expects to flexibly respond to regulatory changes and stably expand the Web3 ecosystem.

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