Lisk, a decentralized blockchain application development platform, has revealed its development roadmap explaining the different phases that the platform will go through over the next few years.

Max Kordek and Oliver Beddows, Lisk co-founders, made the announcement in an online post. The journey of the platform has been categorized into five phases:

Inception: The platform is currently operating within this phase, which contains three major milestones – mainchain stabilization, merging Lisk-CLI into the Lisk App SDK, and Lisk App SDK stabilization – and has a focus on stability and some basic groundwork. This phase will prepare Lisk for community forging and blockchain applications development.

Resilience: The online post said that this phase will drastically improve Lisk and enable it to become a serious blockchain applications platform, with a more elegant core system, an improved Lisk App SDK, various useful features, easy user interfaces, and a major focus on security. It is the biggest phase of all, with a total of six major milestones – Rebranding; Lisk daemon, decoupling the UI from the back end; Lisk App SDK modularization; Basic application features; Mobile clients; Code rewrite – and is intended to set Lisk apart from any other cryptocurrency on the market.

Expansion: This stage will finalise the (trusted) blockchain applications platform by adding more advanced features (such as sidechain explorer and security), and support for smart contracts. During this phase, the platform will also introduce support for third party technologies so that developers can easily implement them into their blockchain applications.

Ascent: In this phase, trust-less blockchain applications will be introduced to Lisk, with a major focus on security, optimisation, and scalability, in order to make Lisk (officially) ready for the enterprise and financial sectors.

Eternity: The final step will mainly focus on governance and will include a “decentralised voting mechanism” in order to add proposals, and gather opinions from LSK holders in a decentralised way. The co-founders also revealed plans to soon announce a “Lisk fund” which will act as a funding vehicle for new blockchain applications, and will guarantee the continued development of the Lisk core.

“We will soon announce a Lisk fund which will collect LSK from individuals and delegates. Once we are in the Eternity phase, these LSK will be controlled by 16 known curators in a multi-signature account. Until then, the Lisk team will manage the fund with the legal obligation to not use any of it”, Kordek and Beddows said.

They said that during the last four phases, they are intending to work on blockchain applications, which were previously announced as Core Apps, adding that further details on these applications will be announced later.

Kordek and Beddows said that the plans outlined in the roadmap are intended to be long-term and they expect that it will take at least a few years. They added that the plans might change in the future due to the dynamic nature of software development, and therefore they don’t want to forecast any dates or deadlines.