So yesterday I was at home talking with a friend about buying a chair. After the conversation, I opened YouTube and guessed the ad that YouTube showed me. Still, I was shown ads. This was not the first time. You may have experienced this too.
See, this is a concern. We don’t know what kind of data these giant companies collect. While these data can be used for profit, they can also prove destructive. This problem persists as long as you have a centralized system where users have no rights or options. Imagine your Internet experience without Google. you will be amazed!
This depth is amazing. Today Web 2.0 has become a tool for the major tech giants to use as they see fit. There are several reports that suggest how these tech giants manipulate user choices and behavior. Finally, the solution is “WEB3.0” here. It’s the solution to many problems, the creator of some, a sea of possibilities to help users in tremendous ways, and a vast amount of opportunities for anyone wanting to build on web3. open. This blog focuses on her Web3 security from an enterprise perspective.
Web3 from an enterprise perspective
The problem described above is just one potential use case for Web 3.0. That’s not all. It’s also important to understand that what’s good for users is good for business, and today’s users are turning to more transparent technologies, a key aspect of Web 3.0. And the opportunities Web 3.0 presents for businesses are immense. Businesses on Web 3.0 can:-
Efficiently solve traditional business problems.
Many companies using Web 2.0 face many challenges in transparency, secure data sharing, and identity verification. This has always been a problem, even on major Web 2.0 platforms.
But with the power of Web 3.0, you can overcome these ever-present hurdles and reap many benefits. Here are some examples.
Consider supply chain transparency. Web 3.0 allows you to create a tamper-proof record of your transactions on the blockchain along with a real-time view of your supply chain. When you share data on the web while using a centralized platform, you don’t know if your data is kept safe. As such, Web 3.0 has the potential to bring many platforms that can guarantee tamper-proof processing of data. Backed by smart contract security.
These are just a few of the solutions Web 3.0 offers to typical Web 2.0 problems. There is no area that cannot be improved with Web 3.0.
Optimize your business model.
Web 3.0 is your best friend when it comes to optimizing, reducing costs, and increasing revenue. Web 3.0 businesses will enjoy reduced transaction costs, increased operational efficiencies, and streamlined business processes.
Web 3.0 business Only a few documents are required to carry out the transaction. Digital assets are a top priority when discussing reducing transaction costs. However, gas prices may be a bit of a concern, but looking at current progress and solutions, gas prices have now been significantly reduced and there is regular research and work being done to bring them down even further. increase.
Web 3.0 businesses enjoy streamlined business processes by eliminating middlemen and third parties. In today’s world, two companies want to partner for a purpose. How much paperwork and how many third parties will need to be involved? No transaction required. Companies can collaborate and partner much more easily.
new revenue streams
Web 3.0 creates many opportunities to generate new revenue streams. Let’s look at an example from the gaming industry. This is one sector that is enjoying new revenue streams using tokens and NFTs.
Imagine a role-playing game with characters possessing different assets such as gold tokens, silver tokens, unique swords and other collectible items. Players can purchase more Gold and Silver Tokens that are ERC 20 compliant. Also, collectables can be NFTs that work with the ERC 721 standard. Some game projects allow these collectibles to be traded between users. Each time a trade is made, a certain percentage of the traded amount is used.
There are countless ways to generate new revenue streams. This is the tremendous power Web 3.0 offers.
Those who use technology to their advantage always win the race. It has been a fact since the beginning of mankind that the one with the better technology always wins, no matter what era mankind is in, and the same will happen to anything built on web 3.0.
With better management, better service, better operational efficiency, lower transaction costs, new creative ways to generate revenue, and better security, Web 3.0 businesses can overcome the shortcomings of Web 2.0 in great ways. You can thrive by overcoming. Everyone is riding the Web 3.0 wave. No reason to reconsider.
With such advantages, in today’s world where there are many corporate problems that can be solved with Web3 technology, we can’t help but think about using Web3.
Web3 also has some great security benefits that we’ll cover in the next part of this blog. Part 2 of this blog presents unconventional approaches and solutions for enterprises to enjoy enhanced security with his Web3. Visit his website at QuillAudit and enjoy our services.