What is Web3 and Why It Matters
Dion Hinchcliffe,
On Digital Strategy,
Jan 11, 2022
The discourse on Web3 is beginning to reach a dull roar in the last few months, and I don't see any signs that it's going to go away. Dion Hinchcliffe writes, "Web3 has very much arrived as a major trend with a towering stack of tech behind it and quite impressive economic results to match. It's a trend that is now is increasingly informing technology evolution as a whole." This article defines Web3, outlines the motivation for it, its roots in crypto, the idea of decentralized trust (with a discussion of the tendency to centralize decentralized tech), lists the major technologies involved, and describes what organizations should do to prepare for it.
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