In the wake of the pandemic, companies have begun assessing the viability of globally distributed production, while e-commerce is altering how people buy, and what they buy. For Hong Kong, these developments are important as its role evolves into a leading sourcing and digital supply-chain services hub, according to a new report.
Internet’s Next Revolution: Can Web 3.0 Unlock Decentralized and Intelligent Internet?
Big tech companies have created massive ecosystems that offer the internet’s key services, making it impossible for users to break from their “walled garden” and ultimately surrender control of their data.
A sharp rise in public awareness about data privacy and the value of their data has stimulated new awareness around web 3.0 networks. Web 3.0 is the third iteration of the internet, designed by token-based economics to wrest the control of user data from big tech companies and provide a user-centric internet. It creates a mesh of peer-to-peer communication and decentralized governance structures to enable individuals and organizations to tackle data privacy and censorship threats.
Reasons to read: An increasing number of startups and tech players are shifting gears to create blockchain-powered decentralized ecosystems for different sector-specific applications and services. Against this backdrop, businesses need more awareness of the fast-paced fundamental restructuring of the internet. The report highlights the current state of play and the future potential of web 3.0 networks in driving decentralized and user-controlled internet. This is anticipated to unlock new possibilities for enterprises across sectors such as financial services, gaming, sports, media & entertainment, retail, and technology, among others.
Read our report and gather insights on the following topics:
by GlobalData
- Evolution of the internet
- Active players in the web 3.0 ecosystem
- Key applications by major sectors
- Driver and challenges
- Top startups and Mergers & Acquisitions
- Regulatory landscape & future scope
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Internet’s Next Revolution: Can Web 3.0 Unlock Decentralized and Intelligent Internet?
Big tech companies have created massive ecosystems that offer the internet’s key services, making it impossible for users to break from their “walled garden” and ultimately surrender control of their data.
A sharp rise in public awareness about data privacy and the value of their data has stimulated new awareness around web 3.0 networks. Web 3.0 is the third iteration of the internet, designed by token-based economics to wrest the control of user data from big tech companies and provide a user-centric internet. It creates a mesh of peer-to-peer communication and decentralized governance structures to enable individuals and organizations to tackle data privacy and censorship threats.
Reasons to read: An increasing number of startups and tech players are shifting gears to create blockchain-powered decentralized ecosystems for different sector-specific applications and services. Against this backdrop, businesses need more awareness of the fast-paced fundamental restructuring of the internet. The report highlights the current state of play and the future potential of web 3.0 networks in driving decentralized and user-controlled internet. This is anticipated to unlock new possibilities for enterprises across sectors such as financial services, gaming, sports, media & entertainment, retail, and technology, among others.
Read our report and gather insights on the following topics:
by GlobalData
- Evolution of the internet
- Active players in the web 3.0 ecosystem
- Key applications by major sectors
- Driver and challenges
- Top startups and Mergers & Acquisitions
- Regulatory landscape & future scope