Making Each Other Better – October 2022

Why are peer groups of leaders in Digital Transformation talking about WEB3?

Although it can be tough to keep up with the latest digital transformation terminologies, the concept is quite simple. In its most basic form, digital transformation is about using technology to make your business more efficient and effective. And one of the most critical aspects of digital transformation is connecting the dots with Web3.

What is Web3? Simply put, it’s a new way of using the Internet beyond websites and apps. It’s a decentralized platform that enables users to interact directly with each other without relying on third-party intermediaries. This could revolutionize how businesses operate by eliminating intermediaries and enabling peer-to-peer transactions.

One of the most intriguing questions about Web3 is whether it will be a significant part of our future. It offers some fantastic potential features, but there are still many unanswered questions that need addressing before we can make any conclusions about how beneficial this technology could become for us all, so let’s take an objective look at what web 3 really means!

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