There is a lot of hype surrounding Web3 lately, with several protocols and decentralized applications backed by venture capital investments popping up all over the planet. While there is immense value in fully operationalizing the decentralized internet, many of these efforts are half-baked or misguided, resulting in a lack of adoption and live use cases at a reasonable scale.
The core issues surrounding this include a lack of decentralized platforms, poor enterprise-grade integrations, the inability to reconcile Web 2.0 migrations and more. The dPlat category specifically is likely to be essential for enterprise adoption of blockchain and Web3.
The Web3 Conundrum
Web3 is a new paradigm and not a natural extension of Web 2.0, as many folks believe. It’s flipped on its head, especially for those with traditional application development backgrounds. In the Web 2.0 world or the old economy, people seldom cared about protocols like TCP/IP or HTTP. Applications absorbed most of the economic value.
In Web3, applications will come and go, while layer-one protocols such as Ethereum, Cardano, Avalanche and more will accrue most of the economic value when people build on them and commit transactions to their blockchains. The longevity and value delivery for these protocols depend on ecosystem scale, stickiness and ease of use.
Continue reading:
https://www.forbes.com/sites/forbestechcouncil/2022/05/02/decentralized-platforms-existential-for-web3-in-enterprises/?sh=119e83e1bcc8
The core issues surrounding this include a lack of decentralized platforms, poor enterprise-grade integrations, the inability to reconcile Web 2.0 migrations and more. The dPlat category specifically is likely to be essential for enterprise adoption of blockchain and Web3.
The Web3 Conundrum
Web3 is a new paradigm and not a natural extension of Web 2.0, as many folks believe. It’s flipped on its head, especially for those with traditional application development backgrounds. In the Web 2.0 world or the old economy, people seldom cared about protocols like TCP/IP or HTTP. Applications absorbed most of the economic value.
In Web3, applications will come and go, while layer-one protocols such as Ethereum, Cardano, Avalanche and more will accrue most of the economic value when people build on them and commit transactions to their blockchains. The longevity and value delivery for these protocols depend on ecosystem scale, stickiness and ease of use.
Continue reading:
https://www.forbes.com/sites/forbestechcouncil/2022/05/02/decentralized-platforms-existential-for-web3-in-enterprises/?sh=119e83e1bcc8
