Web3s Supply Chain Revolution: Traceability Beyond The Hype
Web3, the next evolution of the internet, is rapidly moving from a buzzword to a tangible technological shift, promising a decentralized and user-centric online experience. Unlike Web2, which is dominated by centralized corporations, Web3 aims to give individuals more control over their data, content, and online interactions. This blog post delves into the intricacies of Web3, exploring its core concepts, potential benefits, and the challenges it faces.
Understanding the Fundamentals of Web3
Web3 represents a fundamental shift in how the internet operates. It's built on the principles of decentralization, transparency, and user empowerment, leveraging technologies like blockchain, cryptocurrencies, and NFTs.
Decentralization: The Core Principle
What it is: Decentralization means distributi...