Product Viability
Research shows that the value-driven economy is one of the world’s fastest-growing markets across sectors, with estimates projecting expenditures to hit $394 billion by 2027.
Coupled with the growth in no-code/low-code solutions this creates an opportunity in bringing this solution to users.
GrandView (2019) values the low-code market at $11.45 Billion growing at a compound rate of 22.7% until 2027.
Based on a Forward subnet price of $200/year with revenue of 1%, Forward's serviceable market size, targeted at USA SME’s (Subnet price of $200, with 5% market penetration of 32.5 million small businesses and 1% fee on average revenue of $500 customer), is $170M/year.
Predicted USA-market penetration of 5% by year 5 post-project. Gartner, 2020, predicts the global market is 10X the USA. This is one of the products available on Forward.
The current marketplace is served by traditional centralized markets, many of which are currently exploring blockchain adoption and its capabilities.
There is a plethora of use cases for blockchain as more and more organizations look to how they can implement the technology. With the high barrier to entry into the space, companies face the challenging task of deciding how and which opportunities to pursue. Forward Protocol eliminates this challenge by providing the opportunity to deploy blockchain toolkits and test them without the risk of financial commitment.
The smart contracts are fully customizable and can be tailored to any organization's needs. This flexibility allows us to cooperate and partner with legacy entities rather than compete with them.
Apps take time, money, and effort to build and market, so how do you attract developers and end users of the apps to the blockchain's ecosystem (i.e. dev marketplace, dev education platform, dev hubs) without a clearly defined route to market for the final applications.
Forward Factory provides a place that fosters interest in the blockchain's ecosystem by giving a monetization model for developers
Here they can -
- build templates with the power of grants integrating with blockchains or
- they can build templates based on use cases researched by blockchains' team, and
- encourage fans and users of blockchains in the various blockchains events by showcasing what is possible (leverage all the people coming there) and encourage them to actually deploy, not just talk and show the different products someone has but allowing people to have something deployed live in their business immediately.
Blockchains can attract new devs and end users through hackathons, accelerator programs, events, grants, etc, to the ecosystem using Forward Factory, fostering applications with real-world utility.
Last modified 3mo ago