Rise of Decentralized Infrastructure
Ashwini Kumar Kamble
Strategic and Consulting Leadership | Business Technology Expertise | Fit for Growth | Proficient in Digital, Data and AI | Led Large Transformation Programs | Drive ISV Solutions | EAI Expert | Ex-TechM | Ex-Cybage
Web 3.0 is considered a new-age internet transformation. Application-based on Web 3.0 is meant to run on decentralized infrastructure.
But today’s internet composition might become a showstopper for this new age change.
The movement of the Internet towards centralization in an indirect manner is disrupting the composition of the Internet.
Web 3.0 is going to be not just about browsing but it’s more about participatory internet. For instance, A virtual space where you can exist as an avatar can function democratically in multiple Metaverse platforms seamlessly, carrying the journey and experience of one platform to another without any disconnect. That means your identity/activities are not limited to a single platform, you are going to have a single virtual entity in the entire ecosystem, not limited to login credentials only.
In Today’s scenario, traffic over the Internet is routed by three major walled garden players (Amazon, Microsoft, and Google). This centralized distribution makes it highly exposed to services interruptions and vulnerable to security breaches.
Let’s recall some key 2021 incidences to know the impact of questionable centralized distribution
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Recently the internet has been moved to centralization mode, the content and connectivity are being concentrated in a small set of hands and are becoming a pain area.
Blockchain-based decentralized infrastructure (DI) can provide consumers the facility to regulate their personal data and deliver users the immersive experience within the metaverse. For example, A bunch of employees operating in a virtual workspace, and at lunchtime, those users’ information floats through DI and serves them an advert about the food from reliable restaurants within the area.
A chain of smart contract events is fired to complete the entire journey like identifying the group liking, serving an ad, delivering the food, and exchange of money.
In the current hyper-digital world, a solution that can address the centralized aspect of the Internet becomes essential to make the concrete transition towards the Web 3.0 world. Experience the above-mentioned and many such never imagined business cases in the future and open a new dimension of growth to an entire business.