Web3 will be a disruption in business. We can help prepare you.
Axacraft helps clients understand and leverage Web3 to create immersive-reality trends and enable new experiences in the metaverse.
Web3 includes platforms and applications that enable shifts toward a future, decentralized internet with open standards and protocols while protecting digital-ownership rights, providing users with greater ownership of their data and catalyzing new business models.
Web3 highlights our customers should know.
Web3 is based on a more decentralized, community-governed set of protocols that could represent a paradigm shift of authority and ownership to individuals with potentially far-reaching implications.
Why is there enthusiasm for Web3?
Talent and investment have rapidly increased in the past year, with continued expectations of long-term growth. Many use cases across industries are being identified and built, especially as the tech infrastructure improves. Looking past the hype and critique, Web3 and the metaverse are shaping a new application layer for the internet. Leaders are well-served to better understand this evolution and what it means for businesses, organizations, and society. Axacraft can bring Web3 understanding to your enterprise.
Web3 will bring disruption of existing business models
Web3 enables the disintermediation of business models by encoding existing functionality into autonomous smart contracts. Web3 could offer wider economic opportunities (eg, decreased fees), moving the accumulation of value away from middlemen and toward users and suppliers.
Web3 can enable rapid innovation through open protocols.
Rapid innovation is unlocked by the open- source and modular nature of Web3, which allows for rapid development, testing, and scaling of applications, built by a global developer base. This composability and growing developer base could increase the level of innovation exponentially over time.
Web3 can provide increased access and inclusion.
Web3 is public and permissionless, meaning that everyone can access, create, and own information and assets, globally, without intermediaries.
Web3: opportunities for new infrastructure
Web3 infrastructure is nascent; new applications require new tools and infrastructure to scale and meet expected service requirements (eg, development platforms needed to build Web3 internet services, middleware software, node infrastructure, etc).
Web3 can enable unified customer experiences
Web3 enables a transition from omnichannel to unichannel, seamlessly integrating customers’ digital identity across applications by leveraging a common decentralized blockchain data layer, as opposed to a siloed view of customers that is limited to an individual business’s customer profile.
Smart contracts: software programs established in immutable code on a blockchain, which are automatically executed when specified conditions (such as terms agreed on by a buyer and seller) are met.
Blockchain: Digitally distributed, decentralized data ledger that exists across a network of computers. These computers work together to facilitate the recording and confirmation of transactions.
The value and opportunity of leveraging Web3 is promising.
At Axacraft, we help enterprises leverage latest innovation and technology trends.
