What is Web3?
Web3 is an idea for a new iteration of the internet based on blockchain. Web3 integrates concepts such as decentralization and token-based economics. Web3 is all about decentralization. It aims to give users more control over their data.
Let’s talk about what that actually looks like. In a web3 world, information is stored in something called virtual digital wallets, not data centers. Individuals or businesses can use these wallets to tap into web3 applications (called dApps) which run on blockchain technology. This simple technology allows users to disconnect from any application simply when they log off. Logging off will allow them to disconnect their wallet and take all of their data with them, no longer captured by any other organization.
Businesses can use Web3 to integrate their products with blockchain by automating operations and gathering real world data about market customer trends. Now you can improve your business processes by focusing on the most profitable matters to increase revenues.
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How can businesses benefit from Web3?
How can businesses benefit from Web3?
As businesses and people we have become reliant on the internet for almost everything. As technology evolves it also upgrades! Web3 is all about the next evolution of the Internet and designed for businesses and people to get more out of their websites than ever before.
Learn more about blockchain and Web3 technology from our articles here!
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