What is Web3?
Web3 is the next evolution of the internet—one designed to be more decentralized, user-owned, and transparent. Coined by Ethereum co-founder Gavin Wood, the term refers to a blockchain-powered web where applications and platforms aren’t controlled by a central authority but instead operated collectively by users. At its core, Web3 seeks to challenge the dominance of […]
How Can Institutions Prepare for a Transition to Web3 Infrastructure?
The transition to Web3 infrastructure represents a fundamental shift in how businesses operate and interact with digital ecosystems. A 2023 report by Deloitte found that 70% of global enterprises are actively exploring blockchain and Web3 technologies to enhance operational efficiency. By leveraging decentralized technologies, institutions can achieve greater transparency, enhanced security, and innovative business models. Blockchain-based systems […]
