IDC Reveals the Potential and Risks of Web3 for Companies and Executives

Liputan6.com, Jakarta – In the study titled “IDC TechBrief: Web3” which was recently published, IDC explores the key developments, trends, opportunities, and challenges within the Web3 ecosystem and the associated technologies within it.

IDC defines Web3 as “A set of open technologies and protocols, including blockchain, that support the trusted use and storage of decentralized data, knowledge, and value.”

Over the last few years, IDC assesses that there has been a concerted effort to build an efficient, decentralized and more trustworthy internet.

The attempt was to address issues of control, privacy, security, and trust. At the same time, it is hoped that these efforts will support the smooth, transparent, and cost-efficient interactions and transactions that are essential to our digital economy.

Web3 has generated significant interest and activity in industry circles, which are teeming with projects and start-ups spanning various components of the Web3 ecosystem, such as Blockchain, Cryptocurrencies, Non-Fungible Tokens (NFT), and Decentralized Autonomous Organizations (DAO).

“The question to ponder is not whether Web3 will come, but what form Web3 will take in the next few years,” said Phillip Silitschanu, Research Director, Worldwide Blockchain, CryptoNFT, and Web3 Strategy at IDC.

* Fact or Hoax? To find out the truth of the information circulating, please WhatsApp to the Liputan6.com Fact Check number 0811 9787 670 just by typing the desired keyword.

–