The term “Web3” refers to the “next stage” of the internet, which, it’s anticipated, will be grounded in blockchain technology. Of all the Web3 terms out there, perhaps none is so important or pervasive as “decentralization.” While crypto is on the forefront of the movement, some in the tech industry believe that decentralization is an inevitable evolutionary step for the internet that will affect businesses across industries.
In addition to serving as cryptographically secured transactions ledgers, blockchains can store self-executable code, thus enabling a “decentralized” internet—Web3—not dominated by a central authority or large companies. Proponents say Web3 will put more control over their data in the hands of users themselves.
Whether or not the most ambitious predictions about Web3 and decentralization come to fruition, it would be wise for businesses to keep an eye on developments and take steps to prepare for what may come. Here, 11 members of Forbes Technology Council share some actions company leaders across industries can take now to be ready for the next phase of the internet.
1. Ensure Secure, Robust Access For Users
Decentralization is about coordination. With Web3, information is being democratized and decentralized. At the same time, Web3 will require advanced security capabilities to ensure secure access to apps from anywhere and everywhere, as well as the right type of connectivity. Supporting the user experience through computational power and cloud computing will be key pieces of the next phase of the Web. - Prashant Tripathi, Cisco
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/07/01/11-ways-companies-need-to-prepare-for-web3-and-decentralization/?sh=77c26bba6844
In addition to serving as cryptographically secured transactions ledgers, blockchains can store self-executable code, thus enabling a “decentralized” internet—Web3—not dominated by a central authority or large companies. Proponents say Web3 will put more control over their data in the hands of users themselves.
Whether or not the most ambitious predictions about Web3 and decentralization come to fruition, it would be wise for businesses to keep an eye on developments and take steps to prepare for what may come. Here, 11 members of Forbes Technology Council share some actions company leaders across industries can take now to be ready for the next phase of the internet.
1. Ensure Secure, Robust Access For Users
Decentralization is about coordination. With Web3, information is being democratized and decentralized. At the same time, Web3 will require advanced security capabilities to ensure secure access to apps from anywhere and everywhere, as well as the right type of connectivity. Supporting the user experience through computational power and cloud computing will be key pieces of the next phase of the Web. - Prashant Tripathi, Cisco
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/07/01/11-ways-companies-need-to-prepare-for-web3-and-decentralization/?sh=77c26bba6844
