Excerpt about Web3 from our e-book Trends Report: technology & outsourcing
The next generation of the internet is approaching. Still in its early stages of development, Web3 has been gaining more and more attention from the technology industry. Defined as the infrastructure and technology that enables the creation of decentralized applications (dApps) and peer-to-peer networks, Web3 is a vision for a more open, democratic, and equitable internet, where users have greater control over their data and can participate in new forms of economic activity.
Where are we with Web3?
The current stage of Web3 is technology consolidation and model experimentation, with significant progress in its development in recent years. During this period, most advancements have been related to the creation of decentralized finance applications (DeFi), which allow users to lend, borrow, and trade cryptocurrencies without the need for traditional financial intermediaries. Another rapidly growing area is that of non-fungible tokens (NFTs), which enable the creation and ownership of unique digital assets.
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How to stay relevant
Web3 is forcing the adaptation of all sectors as quickly as possible. An example of this can be seen in the financial and banking sector, where institutions are already seeking new ways to stay competitive in the market. One example is the tokenization of financial assets, such as tokenized debentures, which emerges as one of the main trends in the financial market within Web3.
What to expect from the future of the internet
On the horizon, numerous possibilities are envisioned that will make all businesses migrate to Web3. It offers more value, user autonomy, new products, services, financing models, governance, as well as greater liquidity and secondary markets. We discuss more about the future with Web3 in our e-book Trends Report. There, in addition to this full text, you will stay informed about five other tech macro-trends for this and the coming years
